What is 0.96% in Basis Points?

0.96% equals 96 basis points

Percentage Based on Basis Points
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Convert 0.96% to Basis Points
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 0.96% to basis points, use the following formula: 0.96 x 100 = 96 basis points.
Real World Example
Let's say that interest rates are currently 0.96%. However, they are set to increase by 25 basis points. The new interest rate will be 1.21%.