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Bonus Rate

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Bonus Rate
An interest rate that is added to the interest rate of an annuity in the first year of its existence. For example, an insurance company may sell a fixed annuity with a 5% rate but apply a bonus rate of 2% in the first year so that the principal increases by a total of 7%. In the second and subsequent years, the bonus rate reverts to 5%. The bonus rate is a sweetener to attract customers.
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Check when your bonus rate expires and look around for another account.
Rate tarts win bonus; Cash point by The Mirror (London, England)
Meanwhile Gen Postal Life Insurance Lahore and Karachi have also appreciated the raise in the bonus rates of the PLI customers.
PLI new incentives in bonus rates from July 1 by Balochistan Times (Baluchistan Province, Pakistan)
The suite of products offers free banking for the first year, a free small safety deposit box for one year and a bonus rate on Guaranteed Investment Certificates.
BMO to offer suite of products for new immigrants by Global Banking News (GBN)
 
 
 
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