Fixed rate meaning in English

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Definition

a fixed (interest) rate, a fixed-rate (interest): a rate (of interest) that does not change or vary idiom
  • "It was my understanding that there was supposed to be a fixed rate for the duration of the loans, but after looking at our files, I see that the rates have inflated over the past few years."
  • "Sam : If you'd like, we could restructure the contract with a fixed interest rate."
  • "This account offers fixed-rate interest, because we understand that some of our customers are afraid of change."
  • "If you were to consolidate your loans now with a fixed rate, you'd be paying more interest than you are with your variable rate."

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