What is 5.5% in Basis Points?

5.5% equals 550 basis points

Percentage Based on Basis Points
Basis Points Based on Percentage
Basis Points
Convert 5.5% 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 5.5% to basis points, use the following formula: 5.5 x 100 = 550 basis points.
Real World Example
Let's say that interest rates are currently 5.5%. However, they are set to increase by 25 basis points. The new interest rate will be 5.75%.