Bank Prime Loan Rate

Chart Range: 5d 1m 3m 6m YTD 1y 5y All [Values expressed in Percent]

Latest Data Values

DateValue
08-14-2015 3.250
08-14-2015 3.250
08-14-2015 3.250
08-14-2015 3.250
08-14-2015 3.250
08-14-2015 3.250

Economic Indicator Details

Units:Percent
Frequency:Daily
Seasonal Adjustment:Not Seasonally Adjusted
Last Updated:2015-08-17 16:26:16
Release/Source: H.15 Selected Interest Rates
Notes:Rate posted by a majority of top 25 (by assets in domestic offices) insured U.S.-chartered commercial banks. Prime is one of several base rates used by banks to price short-term business loans.

About Bank Prime Loan Rate

Prime rate or prime lending rate is a term applied in many countries to a reference interest rate used by banks. The term originally indicated the rate of interest at which banks lent to favored customers, i.e., those with high credibility, though this is no longer always the case. Some variable interest rates may be expressed as a percentage above or below prime rate.