Level Chart

Basic Info

US Bank Prime Loan Rate is at 8.50%, compared to 8.50% the previous market day and 7.75% last year. This is higher than the long term average of 6.83%.

The US Bank Prime Loan Rate measures the rate at which banks lend to their clients. The prime rate is correlated with the federal funds rate and tends to move along with it. The bank prime loan rate reached as high as 20% in 1981, when the federal reserve was led by Paul Volcker, and the interest rate environment was extremely inflated. Another notable time was 2008 when prime rate went as low as 3.25% during the Great Recession.

Stats

Last Value 8.50%
Latest Period Feb 27 2024
Last Updated Feb 28 2024, 16:17 EST
Next Release Feb 29 2024, 16:15 EST
Long Term Average 6.83%
Average Growth Rate 1.49%
Value from The Previous Market Day 8.50%
Change from The Previous Market Day 0.00%
Value from 1 Year Ago 7.75%
Change from 1 Year Ago 9.68%
Frequency Market Daily
Unit Percent
Adjustment N/A
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Historical Data

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Date Value
February 27, 2024 8.50%
February 26, 2024 8.50%
February 25, 2024 8.50%
February 24, 2024 8.50%
February 23, 2024 8.50%
February 22, 2024 8.50%
February 21, 2024 8.50%
February 20, 2024 8.50%
February 19, 2024 8.50%
February 18, 2024 8.50%
February 17, 2024 8.50%
February 16, 2024 8.50%
February 15, 2024 8.50%
February 14, 2024 8.50%
February 13, 2024 8.50%
February 12, 2024 8.50%
February 11, 2024 8.50%
February 10, 2024 8.50%
February 09, 2024 8.50%
February 08, 2024 8.50%
February 07, 2024 8.50%
February 06, 2024 8.50%
February 05, 2024 8.50%
February 04, 2024 8.50%
February 03, 2024 8.50%
Date Value
February 02, 2024 8.50%
February 01, 2024 8.50%
January 31, 2024 8.50%
January 30, 2024 8.50%
January 29, 2024 8.50%
January 28, 2024 8.50%
January 27, 2024 8.50%
January 26, 2024 8.50%
January 25, 2024 8.50%
January 24, 2024 8.50%
January 23, 2024 8.50%
January 22, 2024 8.50%
January 21, 2024 8.50%
January 20, 2024 8.50%
January 19, 2024 8.50%
January 18, 2024 8.50%
January 17, 2024 8.50%
January 16, 2024 8.50%
January 15, 2024 8.50%
January 14, 2024 8.50%
January 13, 2024 8.50%
January 12, 2024 8.50%
January 11, 2024 8.50%
January 10, 2024 8.50%
January 09, 2024 8.50%

Basic Info

US Bank Prime Loan Rate is at 8.50%, compared to 8.50% the previous market day and 7.75% last year. This is higher than the long term average of 6.83%.

The US Bank Prime Loan Rate measures the rate at which banks lend to their clients. The prime rate is correlated with the federal funds rate and tends to move along with it. The bank prime loan rate reached as high as 20% in 1981, when the federal reserve was led by Paul Volcker, and the interest rate environment was extremely inflated. Another notable time was 2008 when prime rate went as low as 3.25% during the Great Recession.

Stats

Last Value 8.50%
Latest Period Feb 27 2024
Last Updated Feb 28 2024, 16:17 EST
Next Release Feb 29 2024, 16:15 EST
Long Term Average 6.83%
Average Growth Rate 1.49%
Value from The Previous Market Day 8.50%
Change from The Previous Market Day 0.00%
Value from 1 Year Ago 7.75%
Change from 1 Year Ago 9.68%
Frequency Market Daily
Unit Percent
Adjustment N/A
Download Source File Upgrade