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An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited or borrowed.
It is defined as the proportion of an amount loaned which a lender charges as interest to the borrower, normally expressed as an annual percentage. It is the rate a bank or other lender charges to borrow its money, or the rate a bank pays its savers for keeping money in an account.The annual interest rate is the rate over a period of one year. Other interest rates apply over different periods, such as a month or a day, but they are usually annualised.

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  1. M

    QLD Cascading wills going nowhere

    Good morning, an elderly widow with a home in her name (paid off) but no cash and in rates arrears passed away early 2021. Council had been threatening to sell the house to recover unpaid rates so my husband (who is a cousin) began making periodical payments to Council towards the rates...
  2. T

    Land tax. Rates

    Hello all. I don't know where to start, so will get straight to the point. We are being sued by Whitsunday reginal council for rates unpaid. It's not that we refuse to pay, we are paying a bit each month. We had contacted them late last year and told them our circumstances and how much we could...
  3. T

    House Rates

    I need advice on how to pay my house rates that I owe to the council $6,000 I’m on a payment plan but they want more money out of me which I don’t have as I’m not working what legal rights do I have against them ?
  4. T

    House Rates

    I owe money on my house rates $6,000 which I’m happy to pay off on a payment plan per fortnight as I’m not working. The issue is the council want me to pay each week $240 but I get paid fortnight $800 I’ve asked them to allow me to pay fortnight they just refuse plus have threaten me with court...
  5. F

    Postponed Rates at Settlement

    NSW Council's 603 certificate shows postponed rates. Will the vendor pay these in the adjustments?
  6. J

    VIC my son has worked in the same place for approx. 16 years. he is still classified as an casual worker no overtime rates no meal allowance in fact no

    penalties apply .he has to work overtime and now has come to a call in on a need basis and is told to go home when their is no work and after that than be called back to work not one penalty .no travel allowance .he is working for an essential service and I find these conditions hard to believe .
  7. S

    WA Do I have to pay local shire rates

    I haven’t paid my shite rates for several years as I got screwed over major by a previous employer and have been working on clearing other debts. I read an article that says we aren’t required to as the 3rd level of government isn’t actually legal. Is this true? Article can be found at Councils...