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What is a fixed rate?

User Midge
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A fixed rate can apply to tax, credit, interest or a payment.

A fixed rate for example can be 2.5%. You will pay a fixed (total, flat) rate of 2.5% for your $100 credit line.

User Vstepaniuk
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a fixed rate is a bank or credit card loan where the interest rate stays the same throughout the life of the loan

User Piwi
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