FedPrimeRate.com provides resources and information about the U.S. Prime Rate
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U.S. Prime Rate
Description
Excerpted from the website:
- The Wall Street Journal® Prime Rate (WSJ Prime Rate) is a commonly-used, short-term interest rate in the United States. Most American banks and credit unions use this index as a foundation for various short-term loan products. The rate is consistent because banks want to offer businesses and consumers loan products that are both profitable and competitive. A consistent U.S. Prime Rate also makes it easier and more efficient for individuals and businesses to compare similar loan products offered by competing banks.
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