On the heels of today’s .25% rate increase in the Fed Funds Rate, banks are moving their Prime Rates with a corresponding increase to 3.75%. These changes will be effective for most banks tomorrow, December 15, 2016.

On the heels of today’s .25% rate increase in the Fed Funds Rate, banks are moving their Prime Rates with a corresponding increase to 3.75%. These changes will be effective for most banks tomorrow, December 15, 2016.