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“The interest rate on/of/for my savings account is 3 %.” Which preposition is correct? Thanks.

Same-Technician9125
https://www.reddit.com/r/EnglishLearning/comments/1hymyth/the_interest_rate_onoffor_my_savings_account_is_3/

5 comments

Tired_Design_Gay
“Of” sounds most correct here, but “on” or “for” would be understood. Personally I would rephrase the sentence and say “My savings account has a 3% interest rate.”
old-town-guy
All three would be understood, I use and have heard "on" much more frequently that the others.
SnooDonuts6494
"on" is the usual choice.
actinivm
I would use "of". All of them sound fine though.
Careful-Spray
On