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"variable interest" is correct and commonly used in written English.
It is typically used in financial or economic contexts to refer to interest rates that can change or fluctuate over time. It can be used in both formal and informal writing. Example: The bank offers a savings account with a variable interest rate, which means the interest rate can go up or down depending on the current market conditions.
Exact(56)
Many Republicans favor a variable interest rate.
But the variable interest rate is currently only 0.8%.
I received a discount on the bank's advertised variable interest rate.
Many of these loans have variable interest rate, some as high as 18%.
The current low variable interest rates will not last long.
"Congress could go back to variable interest rates," he said.
Much of its debt carries variable interest rates, so it will be helped by recent cuts in rates.
I blame the inability of lenders to calculate the effect of a variable interest rate on their monthly mortgage payments.
But if you are on a variable interest rate you could end up paying more in the long term.
Santander's student current account is fee-free with a variable interest rate of 1% on credit balances up to £500.
The (variable) interest rate is currently 3.5%, and again this is an account designed to benefit under-16s.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com