What is the meaning of T (tiered)?

If the letter T appears after the annual percentage rate (APR) on Bankrate rates tables, the interest rate is based on tiered pricing, with different periodic rates applied to different levels of the outstanding balance. The rate shown applies to the lowest of the balance tiers.

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APABarry Goldsmith. (2010). t (tiered). Retrieved September 21, 2026, from http://smartdefine.org/t_(tiered)/definitions/1164734
ChicagoBarry Goldsmith. 2010. "t (tiered)" http://smartdefine.org/t_(tiered)/definitions/1164734 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, t (tiered), Smart Define, viewed 21 September, 2026, <http://smartdefine.org/t_(tiered)/definitions/1164734>.
MLABarry Goldsmith. "t (tiered)" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/t_(tiered)/definitions/1164734>