Question: What Is Prime Lending Rate Today?

5.50%

What is the current prime interest rate?

The prime rate is defined by The Wall Street Journal (WSJ) as “The base rate on corporate loans posted by at least 75% of the nation’s 30 largest banks.” It is not the ‘best’ rate offered by banks.

Current and Historical Data.

Date of ChangePrime Rate
22-Mar-184.75%
14-Jun-185.00%
27-Sep-185.25%
20-Dec-185.50%

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What is the current prime rate today 2019?

5.50%

What is the prime rate in the United States?

United States Prime Rate. target range for the fed funds rate to 2.25% – 2.50%. interest rates will be on July 31, 2019. The U.S. Prime Rate is a commonly used, short-term interest rate in the banking system of the United States.

What is prime lending rate in Canada today?

The prime rate in Canada is currently 3.95%. The prime rate, also known as the prime lending rate, is the annual interest rate Canada’s major banks and financial institutions use to set interest rates for variable loans and lines of credit, including variable-rate mortgages.