English reader on

Bank Base Rates 

Look in at any of the local commercial banks and you will see that 

there are a number of interest rate notices around. The most important one 

is called the bank's base rate. It is a guide  to the interest rates that 

particular bank is offering if you save money with them or if you borrow. 

 

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The interest rate offered to savers is usually a little below the base 

rate. The rate of interest on any overdrafts or loans will always be above 

the base rate, but how much above will depend on what the bank manager 

considers the risk to be. 

 

Task 1. Read the text, copy out the new words. 

Task 2. Give the synonyms and antonyms of the new words and 

expressions, their derivatives, if possible.