What Is US Prime Rate

Q

What is US Prime Rate?

✍: FYIcenter.com

A

The US Prime Rate measures interest rates commercial banks charge on short-term loans to their most creditworthy customers. It is calculated and published daily by the WSJ (Wall Street Journal).

If you go to this Wall Street Journal Website, you will see the latest US prime rate listed with other countries' prime rates:

Prime Rates - Wednesday, January 22, 2025

         Latest   Wk Ago   52 Week Range
         ------   ------   -------------
U.S.      7.50%    7.50%   8.50% - 7.50%
Canada    5.45%    5.45%   7.20% - 5.45%
Japan     1.63%    1.63%   1.63% - 1.48%

Note that US Prime Rate is typically 3% higher than the Fed Discount Rate.

⇒ Historical Values of US Prime Rates

⇐ Historical Values of ON RRP Rates

⇑ Introduction to US Interest Rates

⇑⇑ Interest Rates

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