Word forms: (regular plural) teaser rates
( Finance : Banking , Credit )
With adjustable rate mortgages, the interest rate is not fixed - there is a 2 year teaser rate, and then interest goes up for the next 20 years.
The teaser rate to attract investors was 1.5%, going up to 6 % after a year.
A teaser rate is a low introductory interest rate on credit that goes up after a short time.
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