Being able to calculate basis points is something that can be quite useful to investors and business people alike. And if you have always been curious about the term "basis point", then just bear in mind that 1 basis point is equivalent to 1-100. Knowing the idea behind bps could simplify the discussion of things such as interest rates and yields. A good bps calculator will automatically convert basis points to percentages without having to do anything manually. The same goes for basis points calculators too.