Rate Boost definition
Rate Boost means an extra 2% of fixed interest added to our typical ‘variable’ interest rate for uninvested funds. All interest (boosted and variable) is paid as AER (Annual Equivalent Rate) on your uninvested funds.
Examples of Rate Boost in a sentence
Subject to interest rate boost under the Interest Rate Boost Program, simple interest shall accrue on the Outstanding Principal Balance at the fixed interest rate of 5% per annum from the date that the purchase funds have cleared.