cookie

This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.

Allow all
top icon

This website is operated by Moneta Markets Ltd, which is not authorised or regulated by the UK Financial Conduct Authority (FCA) and does not offer or promote services to UK residents. Access to this website is restricted in the UK and the content is not intended for distribution to, or use by, any person located in the UK. If you believe you have reached this website in error, please exit the page now

US Prime Rate

BBack

Back to Glossary

Description

The interest rate that banks charge their most creditworthy customers, based on the federal funds rate.

The US Prime Rate is the interest rate that major U.S. banks charge their most creditworthy customers for loans. It’s typically based on the federal funds rate plus a margin, serving as a benchmark for setting rates on various consumer and business loans, affecting borrowing costs across the economy.

Start Trading in 3 Simple Steps

1
REGISTER

Open a live account and start trading in just minutes.

2
FUND

Fund your account using a wide range of funding methods.

3
TRADE

Access 1000+ instruments across all asset classes

open chat