Rates vary depending upon credit line amount, lien position, and collateral location; please inquire about available rates in your area, and about rates for line amounts less than $50,000. Advertised rates are tied to the Prime Rate published in The Wall Street Journal, effective as of 3/17/2020. The Prime Rate has a direct relationship to the The Wall Street Journal for January 2, 2019, the first edition after January 1, 2019, listed the prime rate as 5.50%. Therefore, for the period January 15, 2019, through January 14, 2020, the legal rate of interest for judgments and money decrees is 9.50% compounded annually. Wall Street Journal prime rate: The average prime rate from a consensus of lenders surveyed by the Wall Street Journal. Considered an index rate, The WSJ rate is often used as a basis for establishing short-term interest rates for various products at lenders such as banks, credit unions and mortgage brokers. The "Wall Street Journal" publishes a national prime rate based on what the country's 30 largest banks charge their most creditworthy customers. According to Bank of America, the WSJ prime rate may be the same as any one bank's prime rate. Anyone who has borrowed money knows that different banks charge different interest rates. So when people refer to the prime rate, they are usually referring to the average prime rate among banks. The Wall Street Journal is one of the most common sources for this statistic. It calculates and publishes the average prime rate by surveying the 30 largest banks in the U.S.
Therefore, the benchmark target range for the federal funds rate will remain at 0% - 0.25%, and the Wall Street Journal® Prime Rate (a.k.a the U.S., national, WSJ or Fed Prime Rate) will continue at the current 3.25%. Here's a clip from today's FOMC press release (note text in bold):
A: The prime rate is an interest rate that most banks use to set the annual percentage rate (APR) on credit cards, which determines how much interest you'll pay on purchases and other transactions made with your credit card. You can find the current prime rate in the print or online edition of The Wall Street Journal. Each bank sets its own Prime Rate, although for consumer products most banks will use the U.S. Prime Rate published in The Wall Street Journal in its column called "Money Rates," and this is the rate shown above. The U.S. Prime Rate is not always the lowest, the best or the favored rate of interest. Therefore, the benchmark target range for the federal funds rate will remain at 0% - 0.25%, and the Wall Street Journal® Prime Rate (a.k.a the U.S., national, WSJ or Fed Prime Rate) will continue at the current 3.25%. Here's a clip from today's FOMC press release (note text in bold): The most common reference for the nation's prime rate is published daily in The Wall Street Journal. Current prime rate. The latest prime rate as of August 12, 2016, is 3.5 percent, according to the Board of Governors of the Federal Reserve System. WSJ+ is a premium membership for Wall Street Journal subscribers, offering exclusive invites to events, special offers, opportunities to win getaways, and more. Please visit www.wsjplus.com to view these offers. Is there an extra cost for WSJ+? There is no extra cost for your WSJ+ membership. Interest Rates - The latest news about Interest Rates from the WSJ Real Time Economics Blog. Economic insight and analysis from The Wall Street Journal. DOW JONES, A NEWS CORP COMPANY.
The Current Wall Street Journal Prime Rate is: 3.25% (the last rate change -- a decrease of 75 basis points [0.75 percentage point] -- occurred on December 16, 2008) The U.S. Prime Rate is a commonly used, short-term interest rate in the banking system of the United States. All types of American lending institutions (traditional…
18 Jun 2018 The prime rate is a key interest rate that is published daily in the pages of the The "Wall Street Journal" conducts regular surveys of 30 large banks to of history, biography, current affairs and geography for young readers. VARIABLE INTEREST RATE Wall Street Journal (WSJ) Prime rate 3.25%. fully drawn to $5,000 with a rate of WSJ Prime (3.25%) + 5 = current rate of 9.75% , APR for loans $25,000-$99,999.99 is Prime Rate plus .74% APR for loans Rate minus .76% APR for all loan amounts is based on the Wall Street Journal Prime Rate, currently 3.25% Rates current as of March 21, 2020. All loans and lines According to Gus Faucher, PNC's chief economist, the Fed Funds rate is the rate that such as The Wall Street Journal prime rate – plus some pre-determined additional Visit PNC.com to see current mortgage interest rates in your area » 27 Sep 2017 and other transactions made with your credit card. You can find the current prime rate in the print or online edition of The Wall Street Journal. 15 Mar 2020 Current Forecast of WSJ Prime Interest Rate. Includes Prime Rate Chart and historical Data. 4 days ago Rate; **: Rate may be increased after consummation; ***: APR is variable and tied to the current Wall Street Journal prime rate of 3.25%