What is prime rate?

The U.S. Prime Rate is a commonly used, short-term interest rate in the banking system of the United States. All types of American lending institutions (traditional banks, credit unions, thrifts, etc.) use the U.S. Prime Rate as an index or foundation rate for pricing various short- and medium-term loan products.
Years: 2000-Present

 

Date: From Date: To Prime Rate
16-Mar-20 Present 3.25%
4-Mar-20 15-Mar-20 4.25%
31-Oct-19 3-Mar-20 4.75%
19-Sep-19 30-Oct-19 5.00%
1-Aug-19 18-Sep-19 5.25%
20-Dec-18 31-Jul-19 5.50%
27-Sep-18 19-Dec-18 5.25%
14-Jun-18 26-Sep-18 5.00%
22-Mar-18 13-Jun-18 4.75%
14-Dec-17 21-Mar-18 4.50%
15-Jun-17 13-Dec-17 4.25%
16-Mar-17 14-Jun-17 4.00%
15-Dec-16 15-Mar-17 3.75%
17-Dec-15 14-Dec-16 3.50%
16-Dec-08 16-Dec-15 3.25%
30-Oct-08 15-Dec-08 4.00%
8-Oct-08 29-Oct-08 4.50%
30-Apr-08 7-Oct-08 5.00%
30-Jan-08 29-Apr-08 6.00%
22-Jan-08 29-Jan-08 6.50%
11-Dec-07 21-Jan-08 7.25%
31-Oct-07 10-Dec-07 7.50%
18-Sep-07 30-Oct-07 7.75%
29-Jun-06 17-Sep-07 8.25%
10-May-06 28-Jun-06 8.00%
28-Mar-06 9-May-06 7.75%
31-Jan-06 27-Mar-06 7.50%
13-Dec-05 30-Jan-06 7.25%
1-Nov-05 12-Dec-05 7.00%
20-Sep-05 31-Oct-05 6.75%
9-Aug-05 19-Sep-05 6.50%
30-Jun-05 8-Aug-05 6.25%
3-May-05 29-Jun-05 6.00%
22-Mar-05 2-May-05 5.75%
2-Feb-05 21-Mar-05 5.50%
14-Dec-04 1-Feb-05 5.25%
10-Nov-04 13-Dec-04 5.00%
22-Sep-04 9-Nov-04 4.75%
11-Aug-04 21-Sep-04 4.50%
1-Jul-04 10-Aug-04 4.25%
27-Jun-03 30-Jun-04 4.00%
7-Nov-02 26-Jun-03 4.25%
12-Dec-01 6-Nov-02 4.75%
7-Nov-01 11-Dec-01 5.00%
3-Oct-01 6-Nov-01 5.50%
18-Sep-01 2-Oct-01 6.00%
22-Aug-01 17-Sep-01 6.50%
28-Jun-01 21-Aug-01 6.75%
16-May-01 27-Jun-01 7.00%
19-Apr-01 15-May-01 7.50%
21-Mar-01 18-Apr-01 8.00%
1-Feb-01 20-Mar-01 8.50%
4-Jan-01 31-Jan-01 9.00%
17-May-00 3-Jan-01 9.50%
22-Mar-00 16-May-00 9.00%
3-Feb-00 21-Mar-00 8.75%