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US Prime Rate UTC+3

previous value: 3.250% on 14/01/2022

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Index description

US Prime Rate is an interest rate used by FRS at which it lends to favoured customers. US Prime Rate runs approximately 300 basis points (or 3 percentage points) above the Federal Funds Rate. The prime rate is an interest rate determined by individual banks. It is often used as a reference rate for many types of loans, including loans to small businesses and credit card loans.The prime rate is posted by the majority of the largest twenty-five banks.

Subgroup indices

Index Current value Date
Federal Funds Effective Rate US % 19/01/2022
US Prime Rate % 19/01/2022