- honeymoon or introductory interest rate
honeymoon or introductory interest rate
An interest rate offered for a short time at the start of a
loan, credit card or savings account. For a loan it is a lower
interest rate that will eventually revert back to a standard rate.
For savings accounts it is a higher rate that will revert back to a
standard deposit interest rate after the honeymoon period.
Last updated: 18 Nov 2015