Fed Prime Interest Rate 1996 to Date

Historical Rates - 1996 to Date 1st Day of Each Month!

Prime Interest Rate is the interest rate charged by major banks to their most creditworthy customers.

Periodic adjustments to the prime rate are made. Prime Rates reported below are the prime rates on the first day of each respective month.

Month 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Jan 1 8.50% 8.25% 8.50% 7.75% 8.50% 9.50% 4.75% 4.25% 4.00% 5.25% 7.25% 8.25% 7.25%
Feb 1 8.25% 8.25% 8.50% 7.75% 8.50% 8.50% 4.75% 4.25% 4.00% 5.25% 7.50% 8.25% 6.00%
Mar 1 8.25% 8.25% 8.50% 7.75% 8.75% 8.50% 4.75% 4.25% 4.00% 5.50% 7.50% 8.25% 6.00%
Apr 1 8.25% 8.50% 8.50% 7.75% 9.00% 8.00% 4.75% 4.25% 4.00% 5.75% 7.75% 8.25% 5.25%
May 1 8.25% 8.50% 8.50% 7.75% 9.00% 7.50% 4.75% 4.25% 4.00% 5.75% 7.75% 8.25% 5.00%
Jun 1 8.25% 8.50% 8.50% 7.75% 9.50% 7.00% 4.75% 4.25% 4.00% 6.00% 8.00% 8.25%  
Jul 1 8.25% 8.50% 8.50% 8.00% 9.50% 6.75% 4.75% 4.00% 4.25% 6.25% 8.25% 8.25%  
Aug 1 8.25% 8.50% 8.50% 8.00% 9.50% 6.75% 4.75% 4.00% 4.25% 6.25% 8.25% 8.25%  
Sep 1 8.25% 8.50% 8.50% 8.25% 9.50% 6.50% 4.75% 4.00% 4.50% 6.50% 8.25% 8.25%  
Oct 1 8.25% 8.50% 8.25% 8.25% 9.50% 6.00% 4.75% 4.00% 4.75% 6.75% 8.25% 7.75%  
Nov 1 8.25% 8.50% 8.00% 8.25% 9.50% 5.50% 4.75% 4.00% 4.75% 7.00% 8.25% 7.50%  
Dec 1 8.25% 8.50% 7.75% 8.50% 9.50% 5.00% 4.25% 4.00% 5.00% 7.00% 8.25% 7.50%