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The acronym 'AER' standards for 'Annual Equivalent Rate'. This is an estimate of the rate of interest a saver will receive on the balance of their savings account in a year, assuming that no withdrawals are made. For example, if a saver deposits $1,000 in a savings account paying an interest rate of 5% AER, at the end of the year the account balance would be $1,050. As some savings accounts pay interest on a monthly or quarterly basis rather than on an annual basis, the Annual Equivalent Rate calculation is used to make comparing savings accounts easier.
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What does AER stand for?
AER stands for annual equivalent rate
AER stand for in banks?
AER stands for annual equivalent rate
In banking what does aer stand for?
AER stands for annual equivalent rate.
What does the acronym ICAN stand for?
There are many different possible organizations and businesses that the acronym ICAN could stand for. This acronym could stand for the International Cesarean Awareness Network. This acronym could also stand for the Independent Community Arts Network.
What is the name of letters that stand for a name?
Letters that stand for parts of a name are called initials.
What does the acronym CORNER stand for?
There is no acronym with the letters CORNER. It does not stand for anything because it does not exist. No concept or organization uses the acronym CORNER.
What does the acronym D.R.I.V.E stand for?
What does the acronym D.R.I.V.E. stand for?
WHAT DOES THE ACRONYM Abe STAND FOR?
The acronym AB stands for Architect Building.
What does the acronym LR stand for?
The acronym LR stands for Long Range.
What does the acronym AC stand for?
The acronym AC stands for Before Meals.
What does the acronym AAW stand for?
The acronym AAW stands for Antiair Warfare.
What does the acronym AAF stand for?
The acronym AAF stands for Army Airfield.
