interest p.a.
The abbreviation stands for “per annum” (“per year”).
Example: If you deposit 10,000 euros in a flexible fixed-fixed term deposit account, you will receive 2% interest per annum. If you invest the money for 2 years, the interest income is calculated as follows: 10,000 euros x 0.02 x 2 = 400 euros.
Example: If you deposit 10,000 euros in a flexible fixed-fixed term deposit account, you will receive 2% interest per annum. If you invest the money for 2 years, the interest income is calculated as follows: 10,000 euros x 0.02 x 2 = 400 euros.