The Prime Rate increased to 7.00% effective Setpember 17, 2026.
Prime Rate
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What is the Prime Rate?
The Prime Rate is the interest rate charged by banks to their most creditworthy customers (usually the most prominent and stable business customers). The prime rate is almost always the same amongst major banks. Banks make adjustments to the prime rate at the same time; although the rate does not adjust on any regular basis. The Prime Rate today is usually adjusted at the same time and in correlation to the adjustments of the Fed Funds Rate, which is set by a special rate setting committee of the Federal Reserve called the FOMC. In recent history, the Prime Interest Rate has been set at 3% over the high end of the range for Fed Funds.
The graph and chart reported below are based upon the rates on the first day of each respective month over the past decade. Some banks use the name “Reference Rate” or “Base Lending Rate” or “Base Rate” or “Preferred Rate” to refer to their current Prime Rate which they use as a benchmark for commercial loans and consumer loans. Publications may also refer to the Wall Street Journal Prime Lending Rate or the WSJ Prime Lending Rate. In addition to commercial loans and credit card rates, many consumer loans are based upon the Prime Rate today, including credit products like home equity loans, car loans, and personal loans.
Current Prime Rate
Recent Prime Rate History
(rate on first of each month – for specific change dates see here)
Source: Federal Reserve Board, Proprietary Bank Surveys
Complete Prime Rate History
(1930 to Present – for specific change dates see here)
Prime Rate Change Dates Since 1955
source: FRED Economic Data (Note: We feel it’s needed to publish FRED data but something has happened recently where they are publishing inaccurate data.)
The correct dates for the recent Prime Rate changes are:
September 18, 2025
December 19, 2024
| Change Dates | Prime Rate |
|---|---|
| September 17, 2026 | 7.00 |
| December 11, 2025 | 6.75 |
| October 30, 2025 | 7.00 |
| September 17, 2025 | 7.25 |
| December 20, 2024 | 7.50 |
| November 8, 2024 | 7.75 |
| September 19, 2024 | 8.00 |
| July 27, 2023 | 8.50 |
| May 4, 2023 | 8.25 |
| March 23, 2023 | 8.00 |
| February 2, 2023 | 7.75 |
| December 15, 2022 | 7.50 |
| November 3, 2022 | 7.00 |
| September 22, 2022 | 6.25 |
| July 28, 2022 | 5.50 |
| June 16, 2022 | 4.75 |
| May 5, 2022 | 4.00 |
| March 17, 2022 | 3.50 |
| March 16, 2020 | 3.25 |
| March 4, 2020 | 4.25 |
| October 31, 2019 | 4.75 |
| September 19, 2019 | 5.00 |
| August 1, 2019 | 5.25 |
| December 20, 2018 | 5.50 |
| September 27, 2018 | 5.25 |
| June 14, 2018 | 5.00 |
| March 22, 2018 | 4.75 |
| December 14, 2017 | 4.50 |
| June 15, 2017 | 4.25 |
| March 16, 2017 | 4.00 |
| December 15, 2016 | 3.75 |
| December 17, 2015 | 3.50 |
| December 16, 2008 | 3.25 |
| October 29, 2008 | 4.00 |
| October 8, 2008 | 4.50 |
| April 30, 2008 | 5.00 |
| March 18, 2008 | 5.25 |
| January 30, 2008 | 6.00 |
| January 22, 2008 | 6.50 |
| December 11, 2007 | 7.25 |
| October 31, 2007 | 7.50 |
| September 18, 2007 | 7.75 |
| June 29, 2006 | 8.25 |
| May 10, 2006 | 8.00 |
| March 28, 2006 | 7.75 |
| January 31, 2006 | 7.50 |
| December 13, 2005 | 7.25 |
| November 1, 2005 | 7.00 |
| September 20, 2005 | 6.75 |
| August 9, 2005 | 6.50 |
| June 30, 2005 | 6.25 |
| May 3, 2005 | 6.00 |
| March 22, 2005 | 5.75 |
| February 2, 2005 | 5.50 |
| December 15, 2004 | 5.25 |
| November 10, 2004 | 5.00 |
| September 21, 2004 | 4.75 |
| August 11, 2004 | 4.50 |
| July 1, 2004 | 4.25 |
| June 27, 2003 | 4.00 |
| November 7, 2002 | 4.25 |
| December 12, 2001 | 4.75 |
| November 7, 2001 | 5.00 |
| October 3, 2001 | 5.50 |
| September 18, 2001 | 6.00 |
| August 22, 2001 | 6.50 |
| June 28, 2001 | 6.75 |
| May 16, 2001 | 7.00 |
| April 19, 2001 | 7.50 |
| March 21, 2001 | 8.00 |
| February 1, 2001 | 8.50 |
| January 4, 2001 | 9.00 |
| May 17, 2000 | 9.50 |
| March 22, 2000 | 9.00 |
| February 3, 2000 | 8.75 |
| November 17, 1999 | 8.50 |
| August 25, 1999 | 8.25 |
| July 1, 1999 | 8.00 |
| November 18, 1998 | 7.75 |
| October 16, 1998 | 8.00 |
| September 30, 1998 | 8.25 |
| March 26, 1997 | 8.50 |
| February 1, 1996 | 8.25 |
| December 20, 1995 | 8.50 |
| July 7, 1995 | 8.75 |
| February 1, 1995 | 9.00 |
| November 15, 1994 | 8.50 |
| August 16, 1994 | 7.75 |
| May 17, 1994 | 7.25 |
| April 19, 1994 | 6.75 |
| March 24, 1994 | 6.25 |
| July 2, 1992 | 6.00 |
| December 23, 1991 | 6.50 |
| November 6, 1991 | 7.50 |
| September 13, 1991 | 8.00 |
| May 1, 1991 | 8.50 |
| February 4, 1991 | 9.00 |
| January 2, 1991 | 9.50 |
| January 8, 1990 | 10.00 |
| July 31, 1989 | 10.50 |
| June 5, 1989 | 11.00 |
| February 24, 1989 | 11.50 |
| February 10, 1989 | 11.00 |
| November 28, 1988 | 10.50 |
| August 11, 1988 | 10.00 |
| July 14, 1988 | 9.50 |
| May 11, 1988 | 9.00 |
| February 2, 1988 | 8.50 |
| November 5, 1987 | 8.75 |
| October 22, 1987 | 9.00 |
| October 7, 1987 | 9.25 |
| September 4, 1987 | 8.75 |
| May 15, 1987 | 8.25 |
| May 1, 1987 | 8.00 |
| April 1, 1987 | 7.75 |
| August 26, 1986 | 7.50 |
| July 11, 1986 | 8.00 |
| April 21, 1986 | 8.50 |
| March 7, 1986 | 9.00 |
| June 18, 1985 | 9.50 |
| May 20, 1985 | 10.00 |
| January 15, 1985 | 10.50 |
| December 19, 1984 | 10.75 |
| November 28, 1984 | 11.25 |
| November 8, 1984 | 11.75 |
| October 29, 1984 | 12.00 |
| October 16, 1984 | 12.50 |
| September 27, 1984 | 12.75 |
| June 25, 1984 | 13.00 |
| May 8, 1984 | 12.50 |
| April 5, 1984 | 12.00 |
| March 19, 1984 | 11.50 |
| August 8, 1983 | 11.00 |
| February 25, 1983 | 10.50 |
| January 11, 1983 | 11.00 |
| November 22, 1982 | 11.50 |
| October 13, 1982 | 12.00 |
| October 7, 1982 | 13.00 |
| August 23, 1982 | 13.50 |
| August 18, 1982 | 14.00 |
| August 16, 1982 | 14.50 |
| August 2, 1982 | 15.00 |
| July 29, 1982 | 15.50 |
| July 20, 1982 | 16.00 |
| February 23, 1982 | 16.50 |
| February 17, 1982 | 17.00 |
| February 2, 1982 | 16.50 |
| December 1, 1981 | 15.75 |
| November 24, 1981 | 16.00 |
| November 16, 1981 | 16.50 |
| November 9, 1981 | 17.00 |
| November 2, 1981 | 17.50 |
| October 13, 1981 | 18.00 |
| October 5, 1981 | 19.00 |
| September 22, 1981 | 19.50 |
| September 16, 1981 | 20.00 |
| July 8, 1981 | 20.50 |
| June 1, 1981 | 20.00 |
| May 22, 1981 | 20.50 |
| May 18, 1981 | 20.00 |
| May 11, 1981 | 19.50 |
| May 4, 1981 | 19.00 |
| April 29, 1981 | 18.00 |
| April 20, 1981 | 17.50 |
| April 1, 1981 | 17.00 |
| March 27, 1981 | 17.50 |
| March 24, 1981 | 17.00 |
| March 17, 1981 | 17.50 |
| March 10, 1981 | 18.00 |
| March 3, 1981 | 18.50 |
| February 23, 1981 | 19.00 |
| February 3, 1981 | 19.50 |
| January 9, 1981 | 20.00 |
| January 2, 1981 | 20.50 |
| December 19, 1980 | 21.50 |
| December 16, 1980 | 21.00 |
| December 10, 1980 | 20.00 |
| December 5, 1980 | 19.00 |
| December 2, 1980 | 18.50 |
| November 26, 1980 | 17.75 |
| November 21, 1980 | 17.00 |
| November 17, 1980 | 16.25 |
| November 6, 1980 | 15.50 |
| October 29, 1980 | 14.50 |
| October 17, 1980 | 14.00 |
| October 1, 1980 | 13.50 |
| September 26, 1980 | 13.00 |
| September 19, 1980 | 12.50 |
| September 12, 1980 | 12.25 |
| September 8, 1980 | 12.00 |
| August 27, 1980 | 11.50 |
| August 22, 1980 | 11.25 |
| July 23, 1980 | 11.00 |
| July 7, 1980 | 11.50 |
| June 17, 1980 | 12.00 |
| June 13, 1980 | 12.50 |
| June 6, 1980 | 13.00 |
| May 28, 1980 | 14.00 |
| May 23, 1980 | 14.50 |
| May 16, 1980 | 16.50 |
| May 7, 1980 | 17.50 |
| May 1, 1980 | 18.50 |
| April 18, 1980 | 19.50 |
| April 2, 1980 | 20.00 |
| March 28, 1980 | 19.50 |
| March 19, 1980 | 19.00 |
| March 14, 1980 | 18.50 |
| March 7, 1980 | 17.75 |
| March 4, 1980 | 17.25 |
| February 29, 1980 | 16.75 |
| February 22, 1980 | 16.50 |
| February 19, 1980 | 15.75 |
| December 7, 1979 | 15.25 |
| November 30, 1979 | 15.50 |
| November 16, 1979 | 15.75 |
| November 9, 1979 | 15.50 |
| November 1, 1979 | 15.25 |
| October 24, 1979 | 15.00 |
| October 9, 1979 | 14.50 |
| September 28, 1979 | 13.50 |
| September 20, 1979 | 13.25 |
| September 14, 1979 | 13.00 |
| September 7, 1979 | 12.75 |
| August 28, 1979 | 12.25 |
| August 16, 1979 | 12.00 |
| July 27, 1979 | 11.75 |
| June 19, 1979 | 11.50 |
| December 26, 1978 | 11.75 |
| November 24, 1978 | 11.50 |
| November 17, 1978 | 11.00 |
| November 6, 1978 | 10.75 |
| November 1, 1978 | 10.50 |
| October 27, 1978 | 10.25 |
| October 13, 1978 | 10.00 |
| September 28, 1978 | 9.75 |
| September 15, 1978 | 9.50 |
| September 1, 1978 | 9.25 |
| June 30, 1978 | 9.00 |
| June 16, 1978 | 8.75 |
| May 26, 1978 | 8.50 |
| May 5, 1978 | 8.25 |
| January 10, 1978 | 8.00 |
| October 24, 1977 | 7.75 |
| October 7, 1977 | 7.50 |
| September 16, 1977 | 7.25 |
| August 22, 1977 | 7.00 |
| May 27, 1977 | 6.75 |
| May 13, 1977 | 6.50 |
| December 10, 1976 | 6.25 |
| October 29, 1976 | 6.50 |
| October 1, 1976 | 6.75 |
| August 2, 1976 | 7.00 |
| June 4, 1976 | 7.25 |
| June 1, 1976 | 7.00 |
| January 21, 1976 | 6.75 |
| January 12, 1976 | 7.00 |
| December 1, 1975 | 7.25 |
| November 4, 1975 | 7.50 |
| October 27, 1975 | 7.75 |
| September 15, 1975 | 8.00 |
| August 11, 1975 | 7.75 |
| July 25, 1975 | 7.50 |
| July 18, 1975 | 7.25 |
| June 9, 1975 | 7.00 |
| May 20, 1975 | 7.25 |
| March 25, 1975 | 7.50 |
| March 19, 1975 | 7.75 |
| March 10, 1975 | 8.00 |
| March 3, 1975 | 8.25 |
| February 24, 1975 | 8.50 |
| February 18, 1975 | 8.75 |
| February 3, 1975 | 9.00 |
| January 28, 1975 | 9.50 |
| January 13, 1975 | 10.00 |
| November 25, 1974 | 10.25 |
| November 13, 1974 | 10.75 |
| November 6, 1974 | 11.00 |
| October 22, 1974 | 11.25 |
| October 8, 1974 | 11.75 |
| July 8, 1974 | 12.00 |
| June 27, 1974 | 11.75 |
| May 17, 1974 | 11.50 |
| May 10, 1974 | 11.25 |
| May 7, 1974 | 11.00 |
| May 2, 1974 | 10.75 |
| April 25, 1974 | 10.50 |
| April 22, 1974 | 10.25 |
| April 11, 1974 | 10.00 |
| April 8, 1974 | 9.75 |
| April 4, 1974 | 9.50 |
| April 1, 1974 | 9.25 |
| March 22, 1974 | 9.00 |
| February 25, 1974 | 8.75 |
| February 19, 1974 | 9.00 |
| February 11, 1974 | 9.25 |
| January 29, 1974 | 9.50 |
| December 3, 1973 | 9.75 |
| October 29, 1973 | 9.50 |
| October 23, 1973 | 9.75 |
| September 18, 1973 | 10.00 |
| August 28, 1973 | 9.75 |
| August 21, 1973 | 9.50 |
| August 13, 1973 | 9.25 |
| August 6, 1973 | 9.00 |
| July 30, 1973 | 8.75 |
| July 18, 1973 | 8.50 |
| July 9, 1973 | 8.25 |
| July 2, 1973 | 8.00 |
| June 22, 1973 | 7.75 |
| June 7, 1973 | 7.50 |
| May 25, 1973 | 7.25 |
| May 7, 1973 | 7.00 |
| April 19, 1973 | 6.75 |
| March 26, 1973 | 6.50 |
| February 27, 1973 | 6.25 |
| December 27, 1972 | 6.00 |
| October 3, 1972 | 5.75 |
| August 29, 1972 | 5.50 |
| June 27, 1972 | 5.25 |
| March 31, 1972 | 5.00 |
| March 20, 1972 | 4.75 |
| February 16, 1972 | 4.50 |
| January 18, 1972 | 4.75 |
| January 3, 1972 | 5.00 |
| December 17, 1971 | 5.25 |
| November 8, 1971 | 5.50 |
| October 20, 1971 | 5.75 |
| July 7, 1971 | 6.00 |
| April 23, 1971 | 5.50 |
| March 19, 1971 | 5.25 |
| March 11, 1971 | 5.50 |
| February 16, 1971 | 5.75 |
| January 18, 1971 | 6.00 |
| January 15, 1971 | 6.25 |
| January 6, 1971 | 6.50 |
| December 22, 1970 | 6.75 |
| November 23, 1970 | 7.00 |
| November 12, 1970 | 7.25 |
| September 21, 1970 | 7.50 |
| March 25, 1970 | 8.00 |
| June 9, 1969 | 8.50 |
| March 17, 1969 | 7.50 |
| January 7, 1969 | 7.00 |
| December 18, 1968 | 6.75 |
| December 2, 1968 | 6.50 |
| September 25, 1968 | 6.25 |
| April 19, 1968 | 6.50 |
| November 20, 1967 | 6.00 |
| March 27, 1967 | 5.50 |
| January 26, 1967 | 5.75 |
| August 16, 1966 | 6.00 |
| June 29, 1966 | 5.75 |
| March 10, 1966 | 5.50 |
| December 6, 1965 | 5.00 |
| August 23, 1960 | 4.50 |
| September 1, 1959 | 5.00 |
| May 18, 1959 | 4.50 |
| September 11, 1958 | 4.00 |
| April 21, 1958 | 3.50 |
| January 22, 1958 | 4.00 |
| August 6, 1957 | 4.50 |
| August 21, 1956 | 4.00 |
| April 13, 1956 | 3.75 |
| October 14, 1955 | 3.50 |
| August 4, 1955 | 3.25 |
This page explains what is today’s prime rate. If you are looking for mortgage rates, they can be found on our Mortgage Rates page.
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.