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Bonus Rate
(redirected from Bonus Rates)

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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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Banks and building societies often try to snatch customers by offering generous bonus rates that run for a limited period.
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 Government has cut the bonus rates paid on employee savings schemes following recent interest rate falls.
Government slashes employee savings scheme bonus rates; PERSONAL ... by The Birmingham Post (England)
 
 
 
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