Sentence examples for interest is earned from inspiring English sources

"interest is earned" is a grammatically correct and commonly used phrase in written English.
It is often used when discussing finance and banking, to describe the process of earning money through investments or deposits with a financial institution. Example: "When you deposit money into a savings account, interest is earned on that balance, allowing your money to grow over time."

Exact(2)

Interest is earned on the last day of each month and is posted to your account on the first day of the following month.

Students who answered the interest rate question incorrectly don't understand that interest is earned not only on money deposited in a savings account, but also on previously earned interest - a feature known as compounding -- while students who answered the inflation question incorrectly don't understand that rising inflation reduces the buying power of money.

Similar(58)

Basically, your interest is earning interest.

Lawyers usually deposited the money in trust accounts on which no interest was earned.

Taxes are owed on the interest that is earned at redemption.

Lynne is hoping the interest she is earning will help pay for her to retire to the West Country, a hope which highlights an interesting feature of peer-to-peer lending.

There is currently no interest to be earned on cash, so they can't leave it in the bank.

Today the best interest to be earned is often on a bank current account rather than a savings account.

It's also possible for lenders to get their money back before a loan is repaid by reselling their part of the loan onto other lenders, a first says the company and something that they think will be popular since in this instance interest can be earned immediately without the need to wait for the loan arrangement to be completed.

"He has never declared to the appropriate organs of state, for instance, how much money is deposited abroad, in what banks, what interest rates it is earning, or what bonds he has bought or investments have been made".

At current record low interest rates, PAYX is earning less than 2% on its float.

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