What is the prime rate?
Quick Answer
The prime rate is what banks charge their most creditworthy commercial customers. It serves as a benchmark — most credit cards, HELOCs, and many personal loans are quoted as "prime + X%". Currently moves with the Fed funds rate.
Warren Team
Updated November 26, 2025
35
Warren Team
Updated November 26, 2025
35
Important Disclaimer:
The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.
Get Personalized Advice
Schedule a free 15-minute consultation with our fiduciary advisors
Book Free Consultation