What the Bible Really Says About Charging Interest

Ever wondered if your savings account interest is unbiblical?

You’re not alone. The question of whether charging interest aligns with biblical teachings has puzzled believers for centuries.

Let’s dive into this topic, starting with a verse that seems to bring the hammer down on interest altogether.

Ezekiel 18:13…

“He lends at interest and takes a profit. Will such a man live? He will not! Because he has done all these detestable things, he is to be put to death; his blood will be on his own head.” (NIV)

That’s pretty intense, right?

But before you rush to close all your interest-bearing accounts, let’s zoom out and look at the bigger picture.

Is charging interest unbiblical?

The Law of Moses had some clear guidelines about lending:

1. No charging interest to the needy (Exodus 22:25)
2. Help out struggling neighbors without expecting extra (Leviticus 25:35-37)
3. Keep it interest-free within the Israelite community (Deuteronomy 23:19-20)

But here’s an interesting twist – that last rule actually says it’s okay to charge foreigners interest.

So it wasn’t a blanket “interest is evil” situation.

Exceptions to the Rule

That’s right, the Bible actually gives a green light to charge interest in some cases in Deuteronomy 23:20:

“You may charge a foreigner interest, but not a fellow Israelite…”

It seems the main concern was avoiding exploitation within the community, not banning interest altogether.

What Did Jesus Say About Interest?

Fast forward to the New Testament. Jesus doesn’t directly address interest, but He does tell some interesting parables that have implications:

1. The Parable of the Talents (Matthew 25:14-30): A master expects his servants to invest and earn more.
2. The Parable of the Ten Minas (Luke 19:12-27): Another story about a nobleman expecting his servants to make a profit.

Additionally, in both parables the master specifically rebuked the 3rd servant by saying “why didn’t you at least put my money in the bank to earn some interest on it?”

So it doesn’t seem that Jesus is condemning earning interest in these stories. In fact, it seems to be part of the expected behavior.

So, Is Earning Interest Against Biblical Principles?

Not necessarily. The Bible seems more concerned with the heart behind financial dealings than with banning interest outright.

I believe it’s about finding that sweet spot between smart financial management and showing compassion.

Next time you’re making a money decision, ask yourself: Am I being fair? Am I helping or exploiting? Am I showing integrity?

By focusing on these principles, you’re more likely to handle your finances in a way that honors both good stewardship and biblical values.