What is 245 Basis Points as a Percentage?

245 basis points equals 2.45%

Percentage Based on Basis Points
Basis Points Based on Percentage
Basis Points
Convert 245 Basis Points to a Percentage
A basis point is often used with loans and other financial topics. 1 basis point is equal to 1 hundredth of a percent. 1% is equal to 100 basis points.

To convert 245 basis points to a percentage, use the following formula: 245 / 100 = 2.45%.
Real World Example
Let's say that interest rates are currently 2.45%. However, they are set to increase by 25 basis points. The new interest rate will be 2.7%.