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  May 25, 2013



Prime Rate
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Prime Rate

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The last reported rate is: 3.25 %                        (Effective since December 16, 2008)

[May 1, 2013  --   The FOMC kept bank rates the same at their meeting today.  There is no change to the Prime Rate.]

What is the Prime Rate? The Prime Interest Rate is the interest rate charged by banks to their most creditworthy customers (usually the most prominent and stable business customers). The rate is almost always the same amongst major banks. Adjustments to the prime rate are made by banks at the same time; although, the prime rate does not adjust on any regular basis.  The Prime Rate is usually adjusted at the same time and in correlation to the adjustments of the Fed Funds Rate.  The Prime Rate graph and chart reported below are based upon the prime rates on the first day of each respective month over the past decade.   Some banks use the name "Reference Rate" or "Base Lending Rate" to refer to their Prime Lending Rate.  Publications may refer to the Wall Street Journal Prime Rate or the WSJ Prime Rate in addition to "Prime Rate".

 

 Historical Graph

Click here for the complete historical graph of the Prime Rate from 1930 to 2013.

ChartObject Prime Rate

Historical Chart

 

Prime Rate

Month/Day 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Jan 1 4.25% 4.00% 5.25% 7.25% 8.25% 7.25% 3.25% 3.25% 3.25% 3.25% 3.25%
Feb 1 4.25% 4.00% 5.25% 7.50% 8.25% 6.00% 3.25% 3.25% 3.25% 3.25% 3.25%
Mar 1 4.25% 4.00% 5.50% 7.50% 8.25% 6.00% 3.25% 3.25% 3.25% 3.25% 3.25%
Apr 1 4.25% 4.00% 5.75% 7.75% 8.25% 5.25% 3.25% 3.25% 3.25% 3.25% 3.25%
May 1 4.25% 4.00% 5.75% 7.75% 8.25% 5.00% 3.25% 3.25% 3.25% 3.25% 3.25%
Jun 1 4.25% 4.00% 6.00% 8.00% 8.25% 5.00% 3.25% 3.25% 3.25% 3.25%  
Jul 1 4.00% 4.25% 6.25% 8.25% 8.25% 5.00% 3.25% 3.25% 3.25% 3.25%  
Aug 1 4.00% 4.25% 6.25% 8.25% 8.25% 5.00% 3.25% 3.25% 3.25% 3.25%  
Sep 1 4.00% 4.50% 6.50% 8.25% 8.25% 5.00% 3.25% 3.25% 3.25% 3.25%  
Oct 1 4.00% 4.75% 6.75% 8.25% 7.75% 5.00% 3.25% 3.25% 3.25% 3.25%  
Nov 1 4.00% 4.75% 7.00% 8.25% 7.50% 4.00% 3.25% 3.25% 3.25% 3.25%  
Dec 1 4.00% 5.00% 7.00% 8.25% 7.50% 4.00% 3.25% 3.25% 3.25% 3.25%  
Copyright 2013 MoneyCafe.com

Source: Federal Reserve Board

Click here for complete historical graph of the Prime Rate.

 

Reasonable efforts are made to maintain accurate information. However, information could contain errors or inaccuracies and is presented without warranty. No liability is assumed for errors or omissions.

 

 

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