Nominal Interest Rate

The interest rate unadjusted for inflation.

Investopedia Says:
Not taking into account inflation gives a less realistic number.

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What causes inflation? How does it affect your investments and standard of living? This tutorial has the answers. All About Inflation
Understand the various factors that influence them so you can learn to anticipate their movements for profit. Trying To Predict Interest Rates

1. Banking. Stated rate of interest earned or paid, ignoring compound of interest or other factors. The nominal rate of a Savings Account or Time Deposit is less than the Effective Annual Yield. A mortgage may have a contractual rate of 9%, but an Annual Percentage Rate (APR) of 9.38% because loan application fees and prepaid Discount Points are included in the computation of the APR.

2. Investments. Stated rate of interest on an investment or security, without adjusting for inflation or inflationary expectations, as opposed to real interest rates. The real rate of interest is equal to the nominal rate less inflation.