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DEFINITION of 'Nominal Interest Rate'. The interest rate before taking inflation into account. The nominal interest rate is the rate quoted in loan and deposit agreements. The equation that links nominal and real interest rates is: (1 + nominal rate) = (1 + real interest rate) (1 + inflation rate).
3.50%. Rates effective as of January 21, 2014 and move in accordance with our base rate. The base interest rate will be the greater of the prime rate or 4%. Our Line of Credit is a margin account.