US Bank Prime Loan Rate (I:BPLR)
Level Chart
Basic Info
|
US Bank Prime Loan Rate is at 8.50%, compared to 8.50% the previous market day and 8.25% last year. This is higher than the long term average of 6.84%. |
|
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. |
| Report | H.15 Selected Interest Rates |
| Category | Interest Rates |
| Region | United States |
| Source | Federal Reserve |
Stats
| Last Value | 8.50% |
| Latest Period | Jul 25 2024 |
| Last Updated | Jul 26 2024, 16:20 EDT |
| Next Release | Jul 29 2024, 16:15 EDT |
| Long Term Average | 6.84% |
| Average Growth Rate | 1.48% |
| Value from The Previous Market Day | 8.50% |
| Change from The Previous Market Day | 0.00% |
| Value from 1 Year Ago | 8.25% |
| Change from 1 Year Ago | 3.03% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |
Historical Data
| Date | Value |
|---|---|
| July 25, 2024 | 8.50% |
| July 24, 2024 | 8.50% |
| July 23, 2024 | 8.50% |
| July 22, 2024 | 8.50% |
| July 21, 2024 | 8.50% |
| July 20, 2024 | 8.50% |
| July 19, 2024 | 8.50% |
| July 18, 2024 | 8.50% |
| July 17, 2024 | 8.50% |
| July 16, 2024 | 8.50% |
| July 15, 2024 | 8.50% |
| July 14, 2024 | 8.50% |
| July 13, 2024 | 8.50% |
| July 12, 2024 | 8.50% |
| July 11, 2024 | 8.50% |
| July 10, 2024 | 8.50% |
| July 09, 2024 | 8.50% |
| July 08, 2024 | 8.50% |
| July 07, 2024 | 8.50% |
| July 06, 2024 | 8.50% |
| July 05, 2024 | 8.50% |
| July 04, 2024 | 8.50% |
| July 03, 2024 | 8.50% |
| July 02, 2024 | 8.50% |
| July 01, 2024 | 8.50% |
| Date | Value |
|---|---|
| June 30, 2024 | 8.50% |
| June 29, 2024 | 8.50% |
| June 28, 2024 | 8.50% |
| June 27, 2024 | 8.50% |
| June 26, 2024 | 8.50% |
| June 25, 2024 | 8.50% |
| June 24, 2024 | 8.50% |
| June 23, 2024 | 8.50% |
| June 22, 2024 | 8.50% |
| June 21, 2024 | 8.50% |
| June 20, 2024 | 8.50% |
| June 19, 2024 | 8.50% |
| June 18, 2024 | 8.50% |
| June 17, 2024 | 8.50% |
| June 16, 2024 | 8.50% |
| June 15, 2024 | 8.50% |
| June 14, 2024 | 8.50% |
| June 13, 2024 | 8.50% |
| June 12, 2024 | 8.50% |
| June 11, 2024 | 8.50% |
| June 10, 2024 | 8.50% |
| June 09, 2024 | 8.50% |
| June 08, 2024 | 8.50% |
| June 07, 2024 | 8.50% |
| June 06, 2024 | 8.50% |
News
Basic Info
|
US Bank Prime Loan Rate is at 8.50%, compared to 8.50% the previous market day and 8.25% last year. This is higher than the long term average of 6.84%. |
|
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. |
| Report | H.15 Selected Interest Rates |
| Category | Interest Rates |
| Region | United States |
| Source | Federal Reserve |
Stats
| Last Value | 8.50% |
| Latest Period | Jul 25 2024 |
| Last Updated | Jul 26 2024, 16:20 EDT |
| Next Release | Jul 29 2024, 16:15 EDT |
| Long Term Average | 6.84% |
| Average Growth Rate | 1.48% |
| Value from The Previous Market Day | 8.50% |
| Change from The Previous Market Day | 0.00% |
| Value from 1 Year Ago | 8.25% |
| Change from 1 Year Ago | 3.03% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |