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2. U.S. prime rate - Wikipedia

   en.wikipedia.org/wiki/U.S._Prime_Rate

   The U.S. prime rate is in principle the interest rate at which a supermajority (3/4ths) of American banking institutions grant loans to their most creditworthy corporate clients. [1] As such, it serves as the de facto floor for private-sector lending, and is the baseline from which common "consumer" interest rates are set (e.g. credit card rates).

3. What Is the Current Prime Rate and How Does It Affect You? - AOL

   www.aol.com/finance/current-prime-rate-does...

   The current prime rate is 5.50%, up from 4.75% in June. It went into effect July 28, 2022. This is the fourth time in 2022 that the Federal Reserve has increased the prime rate.

4. How does the prime interest rate affect you? - AOL

   www.aol.com/finance/does-prime-interest-rate...

   The prime rate is tied to the Federal Reserve's target interest rate and is typically three percentage points above it. ... The prime interest rate, ... The current prime rate is 8.5 percent, but ...

5. This Fed rate cut: 5 ways lower rates affect how you ... - AOL

   www.aol.com/finance/what-does-fed-rate-cut-mean...

   Card issuers tie their APR rates to the prime lending rate, which typically sits at about 3.00% higher than the Fed funds rate. For instance, the prime rate rose to 8.50% in July 2023 just as the ...

6. Prime rate - Wikipedia

   en.wikipedia.org/wiki/Prime_rate

   Prime rates in the US, FRG and the European Union. The prime rate or prime lending rate is an interest rate used by banks, typically representing the rate at which they lend to their most creditworthy customers. Some variable interest rates may be expressed as a percentage above or below prime rate. [1]: 8

7. Federal Reserve Statistical Release H.15 - Wikipedia

   en.wikipedia.org/wiki/Federal_Reserve...

   The United States Federal Reserve Statistical Release H.15 is a weekly publication (with daily updates) of the Federal Reserve System of selected market interest rates. [1] Many residential mortgage loans are indexed to the one-year treasury rate published in the H.15 release. [citation needed]