highest interest rate

USAGE SUMMARY

The phrase "highest interest rate" is correct and usable in written English.
It can be used when discussing financial products, loans, or investments that offer the most favorable return or cost in terms of interest. Example: "When comparing different savings accounts, it's important to choose the one with the highest interest rate to maximize your earnings."

✓ Grammatically correct

News & Media

Wiki

Science

Human-verified examples from authoritative sources

Exact Expressions

53 human-written examples

Its highest interest rate is 26%, the lowest 9.9%.

The Guardian

It would also require creditors to apply a cardholder's payment to the balance with the highest interest rate.

The New York Times

For example, the traditional advice is to pay off the debt with the highest interest rate first.

The New York Times

The bonds at the bottom of the pile got the highest interest rate, but if homeowners defaulted, they would absorb the first losses.

The New York Times

That is the highest interest rate, or yield, paid on this kind of Italian debt in the euro era, up from 5.32% just one month ago.

The Guardian - Business

AMOUNTS OWED (30 PERCENT) If you have balances, start paying them down to zero starting with the cards carrying the highest interest rate.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

5 human-written examples

D. higher interest rate.

The New York Times

Company loans money, you pay back at high interest rate.

The New Yorker

The higher interest rate will be capped at 6% a year.

The Guardian

The higher interest rate will also discourage private investment.

Encyclopedia Britannica

He got a very high interest rate.

Forbes

Expert writing Tips

Best practice

When dealing with multiple debts, prioritize paying off the one with the "highest interest rate" first. This strategy minimizes the total interest paid over time, saving you money in the long run.

Common error

Don't assume that paying off the debt with the "highest interest rate" is always the best emotional choice. While mathematically sound, sometimes starting with smaller debts can provide psychological wins that motivate you to tackle larger, more expensive ones.

Linguistic Context

The phrase "highest interest rate" functions as an adjectival phrase modifying a noun. It specifies the maximum cost associated with borrowing money, be it through loans, credit cards, or bonds. As Ludwig AI confirms, this phrase is grammatically sound.

Expression frequency: Very common

Frequent in

News & Media

52%

Wiki

23%

Science

11%

Less common in

Formal & Business

7%

Encyclopedias

4%

Reference

3%

Ludwig's WRAP-UP

In summary, the phrase "highest interest rate" is a grammatically correct and very common way to describe the maximum cost of borrowing money. As Ludwig AI states, it is widely used across various authoritative sources, primarily in news, wiki, and science contexts. When managing debt, prioritizing repayment of obligations with the "highest interest rate" is typically recommended to minimize overall interest expenses. While alternatives like "top interest rate" or "maximum interest rate" exist, the core concept remains consistent: understanding and addressing the most expensive debts first is key to financial well-being.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

peak interest rate

Changes "highest" to "peak", focusing on the maximum point rather than a comparative.

top interest rate

Substitutes "highest" with "top", offering a more informal synonym.

maximum interest rate

Replaces "highest" with "maximum" for a more formal and emphatic tone.

steepest interest rate

Uses "steepest" to highlight the rate's magnitude.

most elevated interest rate

Replaces "highest" with "most elevated", adding a touch of sophistication.

premium interest rate

Implies the higher rate is associated with superior quality or risk.

leading interest rate

Suggests the rate is at the forefront or the most competitive.

uppermost interest rate

A more formal and less common alternative to "highest".

most exorbitant interest rate

Emphasizes that the interest rate is excessively high and potentially unfair.

greatest interest rate

Replaces "highest" with "greatest", emphasizing the magnitude or impact of the interest rate.

FAQs

How can I use "highest interest rate" in a sentence?

You can use "highest interest rate" when comparing different loan options: "It's crucial to compare offers and choose the loan with the "lowest interest rate"" or explaining debt repayment strategies: "Focus on paying off the debt with the "highest interest rate" first to save money".

What's a simple way to describe "highest interest rate"?

A simpler way to describe "highest interest rate" is to say "top interest rate" or "maximum interest rate". These alternatives convey the same meaning in a more concise manner.

Should I always pay off the debt with the "highest interest rate" first?

Generally, yes. Paying off the debt with the "highest interest rate" first, also known as the avalanche method, is the most financially efficient strategy. However, some prefer the snowball method, focusing on paying off the smallest debt first for psychological motivation. Ultimately, the best approach depends on your personal preferences and financial situation.

What are some synonyms for "highest interest rate"?

Some synonyms for "highest interest rate" include "peak interest rate", "top interest rate", or "maximum interest rate". These terms all refer to the greatest cost associated with borrowing money.