• All
• 0-9
• A
• B
• C
• D
• E
• F
• G
• H
• I
• J
• K
• L
• M
• N
• O
• P
• Q
• R
• S
• T
• U
• V
• W
• X
• Y
• Z

Prime interest rate

Commonly refers to interest rate that banks charge to their commercial customers with the highest credit ratings. Also refers to the index that is 3 percentage points above the federal funds rate (the rate banks charge each other). This prime rate serves as a starting point for the interest rate charged to borrowers. If lending becomes more expensive for banks, they may raise the prime rate, which will ultimately raise the annual percentage rate on variable rate credit cards.