Summary

Most of us have seen the term APR in financial advertising and possibly its lesser-used cousins AER and EAR. But what do they mean? This article explains.

What do the terms APR, AER and EAR mean?

Do you often look at the advertisements for loans, mortgages and savings and wonder what APR, AER and EAR actually mean? Well you're certainly not alone. Even banking staff can get confused!