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2. U.S. prime rate - Wikipedia

   en.wikipedia.org/wiki/U.S._Prime_Rate

   The U.S. prime rate is in principle the interest rate at which a supermajority (3/4ths) of American banking institutions grant loans to their most creditworthy corporate clients. [1] As such, it serves as the de facto floor for private-sector lending, and is the baseline from which common "consumer" interest rates are set (e.g. credit card rates).

3. What Is the Current Prime Rate and How Does It Affect You? - AOL

   www.aol.com/current-prime-rate-does-affect...

   Also known as the prime interest or lending rate, the prime rate is determined largely by the 10 largest U.S. banks and is based on the federal funds rate, or the percentage that financial ...

4. Prime rate - Wikipedia

   en.wikipedia.org/wiki/Prime_rate

   The federal funds rate plus a much smaller increment is frequently used for lending to the most creditworthy borrowers, as is LIBOR, the London Interbank Offered Rate. The Federal Open Market Committee (FOMC) meets eight times per year to set a target for the federal funds rate. Prior to December 17, 2008, the Wall Street Journal followed a ...

5. Fixed vs. variable interest rates: How these rate types work ...

   www.aol.com/finance/fixed-vs-variable-interest...

   Bank Prime Loan Rate, Federal Reserve Bank of St. Louis. Accessed December 30, 2024. Military Lending Act [PDF], Federal Reserve. Accessed December 30, 2024.

6. How does the prime interest rate affect you? - AOL

   www.aol.com/finance/does-prime-interest-rate...

   The prime rate impacts the cost of credit on consumer loans, including credit card accounts, with the rates on consumer loans moving up or down with the prime rate. The prime rate is tied to the ...

7. Federal funds rate - Wikipedia

   en.wikipedia.org/wiki/Federal_funds_rate

   This helps further ensure a floor to the federal funds rate. [8] Discount rate is the interest rate at which the Fed loans out its funds to eligible institutions via the discount window. This makes it unlikely for banks or other institutions to make loans at higher rates, therefore effectively setting a ceiling to the federal funds rate. [8]