Define prime rates. prime rates synonyms, prime rates pronunciation, prime rates translation, English dictionary definition of prime rates. n. The lowest rate of interest on bank loans at a given time and place, offered to preferred borrowers. Also calle
Therefore, the United States Prime Rate (a.k.a the Fed or national Prime Rate) is 3.75%, effective tomorrow. === American banks have already started to announce that their Prime Lending Rate is now 3.75%, including: Bank of America® (effective today; Press Release ) Citi® (pre...
today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%.[1] The Bank is also announcing its plan to complete the normalization of its balance sheet, ending quantitative tightening. The Bank will restart asset purchases in early Marc...
I’m a fan of CIT Bank because the offer free outgoing wires when you have a balance of at least $25,000 and so this is just another sweetener on the account. The money market account also offers a decent interest rate (it’s not zero!) so it’s an all around good offer. If yo...
it would only pay them their pro-rated share of a $25 million pool, while it told the indies that it would only pay them their pro-rated share of a $5 million pool; and further there would be no per-play rate paid, regardless of how many subscribers or plays the service generates....
Define Prime lending rate. Prime lending rate synonyms, Prime lending rate pronunciation, Prime lending rate translation, English dictionary definition of Prime lending rate. n. The lowest rate of interest on bank loans at a given time and place, offered