prime interest rate


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Words related to prime interest rate

the interest rate on short-term loans that banks charge their commercial customers with high credit ratings

References in periodicals archive ?
The interest rates of many ARMs aren't attuned to the prime interest rate but to bank deposits in specific regions of the country or to international indexes such as LIBOB (London InterBank Offered Rate).
When banks raise their prime interest rate, fixed rate cards adjust like variable-rate cards, only at less frequent intervals.
That would boost the prime interest rate, he said, but in terms of the availability and cost of loans, the industry is heading into a very favorable financing environment.
These companies are now enjoying interest rates that are roughly half that of the nation's prime interest rate, which is the base rate for most business loans.
She currently has a single VISA credit card, a brand new 1999 Toyota Camry, and the beautiful home that she's always wanted in the King's Glen subdivision of Decatur--all at the prime interest rate.
This, in conjunction with the decrease of the prime interest rate, should help spur economic development throughout the second half of 1992.
With the prime interest rate at seven percent, commercial banks' interest rates will still be capped at 10.
April 30 /PRNewswire-FirstCall/ -- Effective today, Wachovia Corporation lowered its prime interest rate to 5 percent from 5.
March 18 /PRNewswire-FirstCall/ -- Effective today, Wachovia Corporation lowered its prime interest rate to 5.
While the prime interest rate is maintained at seven percent, commercial banks' interest rates remain capped at 10.
With the prime interest rate is kept at seven percent as of May 1, commercial banks' interest rates are still capped at 10.
If the prime interest rate rises, these savings will decrease.
25-percentage-point cut in its key overnight lending rate with a similar reduction in their prime interest rate.
June 29 /PRNewswire-FirstCall/ -- Effective today, Wachovia Corporation raised its prime interest rate to 8.
Regions Financial Corporation (NYSE: RF) today announced that it has cut the commercial prime interest rate to 7.