Basis Points

Basis points (aka "BPS, “beeps,” or just "points") are the smallest units of measurement for interest rates.
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Basis Points Definition

Basis points make it easier to articulate rates if they are a fraction of a percent.

One basis point is equal to one-hundredth of one percent.

Basis points to percentage conversion table

1 basis point 0.01 %
10 basis points 0.1 %
50 basis points 0.5 %
100 basis points 1%
1,000 basis points 10%
10,000 basis points 100%
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