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December 1, August 1, September. The owners of this website make no warranties with respect contained within this website. Prime Rate All-Time High :. PARAGRAPHCumulative Average of The U. Consult a financial professional before making important decisions related to to any and all content including, but not limited to, business loans, personal loans, education.
fixed or variable rate
What Is The Prime Rate?The prime rate is the underlying index for most credit cards, home equity loans and lines of credit, auto loans, and personal loans. Rate posted by a majority of top 25 (by assets in domestic offices) insured US-chartered commercial banks. Prime is one of several base rates used by banks. Bank Lending Rate in the United States averaged percent from until , reaching an all time high of percent in August of
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