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Where US prime is today, and what sets it

The bank prime loan rate, federal funds, and the discount rate, from the Federal Reserve's H.15. This is market context. It is never a card's APR.

All ratesWhat moves my rate

Today

7.00%

unchanged since September 23, 2026Last checked Oct 1, 2026, 17:31.

Today

7.00%

unchanged since September 23, 2026

A variable purchase rate is almost always written as prime plus a margin the issuer chose. When prime moves, that floor moves under every such card at once.

Last checked Oct 1, 2026, 17:31.

Previous
6.75%
Change
+0.25 pts
Federal funds effective rate
3.88%
Spread, prime over policy
+3.12 pts
Primary credit (discount) rate
4.00%
The last 12 stored readingsEach dot is a reading the publisher dated and we stored. Drawn on the server from the stored readings.
Jul 8 6.75%Sep 23 7.00%
6.75%Jul 86.75%Jul 156.75%Jul 226.75%Jul 296.75%Aug 56.75%Aug 126.75%Aug 196.75%Aug 266.75%Sep 26.75%Sep 96.75%Sep 167.00%Sep 23

A table of the same 12 values follows, for anything that cannot read the chart.

Read the change history

The same 12, as a table

Effective dateValueChange (pts)
September 23, 20267.00%+0.25
September 16, 20266.75%0
September 9, 20266.75%0
September 2, 20266.75%0
August 26, 20266.75%0
August 19, 20266.75%0
August 12, 20266.75%0
August 5, 20266.75%0
July 29, 20266.75%0
July 22, 20266.75%0
July 15, 20266.75%0
July 8, 20266.75%–

Where this came from

Source
Board of Governors of the Federal Reserve System.
Last checked
Oct 1, 2026, 17:31
Dated by the publisher
September 23, 2026
Method
Published, not modelled
Series
RIFSPBLP_N.WW

Last checked is when we last asked the source and it answered. Dated is the date the publisher put on the value, so a weekly series is correctly a week old on the day we confirm it.

What this is not

Not a forecast, and not your rate. Your rate is prime plus or minus whatever your lender agreed with you, and that spread is on your own paperwork.

Related

  • Rate decisions
  • Days the federal funds rate moved
  • Two prime rates
  • What is your card's rate over prime?
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