collect interest

USAGE SUMMARY

"collect interest" is a correct and commonly used phrase in written English.
You can use it to talk about earning money from investments or loans. For example: "The bank account collects interest at a rate of 3% annually." or "The borrower will be required to pay back the principal amount plus the collected interest."

✓ Grammatically correct

News & Media

Wiki

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

27 human-written examples

Hey, you could even collect interest on your bank savings account!

The Guardian - Money

MICROPLACE Kiva lenders don't collect interest but are supposed to get their principal back.

The New York Times

He is angry about having to fight Steinbrenner to collect interest on the deferred money in his three-year, $39 million contract.

The New York Times - Sports

With some kind of debt rescheduling, investors would continue to collect interest, and would receive all their principal back in the end.

The New York Times

"We're able to purchase resources instead of passing through cash and needing to collect interest, we have an e-procurement system and we can trust the postal system to deliver to the classroom".

The New York Times

Whether you view these cards as a convenient way to pay medical expenses or just another way for credit card companies to collect interest and fees, here are some things to consider if your provider approaches you.

The New York Times - Health

Human-verified similar examples from authoritative sources

Similar Expressions

29 human-written examples

Non-doms might use offshore trusts to buy expensive UK homes or loan money to themselves and collect interest-free tax repayments.

Independent

Just, you will understand, to make sure it collects interest.

The Guardian - Money

banks had $418.7 billion on reserve and collecting interest at the Fed, according to Fed data.

The New York Times

As a result, the $250,000 in 'Shark Tank' money is still sitting in a money-market account collecting interest.

The New York Times

Cash Call also acts as the servicer on Western Sky's loans, collecting interest and principal payments from borrowers.

The New York Times

Expert writing Tips

Best practice

When writing about financial matters, use "collect interest" to clearly convey the idea of receiving payments on investments, loans, or savings. Be mindful of the context; for instance, "earn interest" might be more appropriate when discussing personal finance.

Common error

Ensure you're not using "collect interest" when you mean "pay interest". "Collect interest" refers to receiving money, whereas "pay interest" refers to owing and disbursing money. Double-check your sentence to confirm the correct perspective.

Linguistic Context

The phrase "collect interest" functions as a verb phrase, indicating an action related to finance. It describes the act of receiving payment on a principal sum, whether from a savings account, loan, or other investment. Ludwig AI confirms that it is correct and commonly used.

Expression frequency: Very common

Frequent in

News & Media

70%

Wiki

15%

Formal & Business

10%

Less common in

Encyclopedias

2%

Reference

2%

Science

1%

Ludwig's WRAP-UP

In summary, the phrase "collect interest" is a very common and grammatically correct verb phrase used to describe the act of receiving payments on investments, loans, or savings. As Ludwig AI explains, it accurately conveys the idea of financial gain. It is considered neutral in register and is most frequently found in news and media sources, though it is also used in formal business and wiki contexts. When using the phrase, ensure you differentiate it from "pay interest" to avoid confusion. Related phrases such as "earn interest" or "receive interest" can be used depending on the nuance you want to convey.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

earn interest

Focuses on the act of gaining interest through investment or savings.

receive interest

Emphasizes the action of getting interest payments.

accrue interest

Highlights the accumulation of interest over time.

yield interest

Indicates the production of interest as a return.

generate interest

Stresses the creation of interest through an activity.

draw interest

Similar to 'earn interest' but can imply a more consistent or passive accumulation.

obtain interest

Focuses on the act of getting interest.

harvest interest

Suggests gathering or reaping interest, often metaphorically.

realize interest

Highlights the actual receipt or recognition of interest as income.

reap interest

Conveys the idea of benefiting from interest earned.

FAQs

How can I use "collect interest" in a sentence?

You can use "collect interest" to describe the act of receiving money earned on an investment or loan. For example, "The savings account allows you to "collect interest" monthly."

What is a more formal alternative to "collect interest"?

In a formal setting, consider using phrases like "receive interest" or "accrue interest", depending on whether you want to emphasize the action of receiving or the process of accumulation.

What's the difference between "earn interest" and "collect interest"?

"Earn interest" generally refers to the process of accumulating interest over time, while "collect interest" refers to the act of actually receiving the interest payments. They are often used interchangeably, but "earn interest" is slightly more general.

Is it correct to say "collecting interest" instead of "collect interest"?

Yes, "collecting interest" is a correct and commonly used phrase when used in continuous tenses (e.g., "The fund is currently "collecting interest" on its investments").