How to Use prime rate in a Sentence

prime rate

noun

• The rates on their cards would rise as the prime rate does.
  — Christopher Rugaber, Anchorage Daily News, 28 July 2022
• But the Fed’s rate is the basis for your bank’s prime rate.
  — Cora Lewis, Fortune, 3 May 2023
• The prime rate — which drives many consumer loans — moves up to 7%.
  — Susan Tompor, Detroit Free Press, 16 Nov. 2020
• The central bank cut the prime rate for loans by five basis points to 4.2%.
  — Fortune, 21 Sep. 2019
• The latest move is a cut by major banks to the five-year loan prime rate.
  — Jj Kinahan, Forbes, 21 Feb. 2024
• That rate then serves as the basis for the prime rate, which stood at 8% on Wednesday.
  — Kathleen Wong, USA TODAY, 12 June 2023
• Many small business loans are indexed to the prime rate, too.
  — Susan Tompor, USA TODAY, 15 Dec. 2017
• The prime rate was the base for your brother-in-law’s equity line.
  — cleveland, 27 Oct. 2019
• The banks, in turn, price new loans using the loan prime rate as a reference.
  — Jonathan Cheng, WSJ, 20 Jan. 2022
• That’s because those rates are based in part on banks’ prime rate, which follows the Fed’s.
  — Time, 15 Dec. 2022
• That's because those rates are based in part on banks' prime rate, which moves in tandem with the Fed.
  — Aimee Picchi, CBS News, 27 Jan. 2022
• That’s because those rates are based in part on banks’ prime rate, which moves in tandem with the Fed.
  — Christopher Rugaber, Anchorage Daily News, 28 July 2022
• The federal funds rate and the prime rate are tightly linked, and as one goes, so the other tends to go.
  — Samantha Bomkamp, chicagotribune.com, 21 Mar. 2018
• Some of these are hitched to the prime rate, which is based on the federal funds rate, according to Bankrate.com.
  — Orlando Mayorquin, USA TODAY, 25 July 2022
• The prime rate is given to bank’s most trustworthy lenders.
  — Sean McDonnell, cleveland, 5 May 2022
• The interest rates banks charge on their credit cards are tied to the prime rate, which is tightly linked to the Fed funds rate.
  — Elisabeth Buchwald, USA TODAY, 12 Dec. 2013
• Here's what some didn't know Many credit cards are variable rate cards that can go up or down based on the prime rate.
  — Susan Tompor, Detroit Free Press, 30 Oct. 2019
• The nation’s central bank kept loan prime rates unchanged for May.
  — Felix Tam, Bloomberg.com, 19 May 2023
• Increasing the federal funds rate cranks up what's known as the prime rate.
  — Rob Wile, NBC News, 9 Nov. 2022
• Generally speaking, when the Fed raises the funds rate, the prime rate goes up, too.
  — Q.ai - Powering A Personal Wealth Movement, Forbes, 17 June 2022
• On Thursday, the prime rate, a key benchmark for credit card and other loans, rose a quarter point to 4.5%.
  — Aaron Back, WSJ, 15 Dec. 2017
• For several decades now, the rule of thumb has been that the prime rate is equivalent to the federal funds rate plus 3%.
  — Rob Wile, NBC News, 16 June 2022
• The new loan prime rate, or LPR, is based on the interest rate for one-year loans that 18 banks offer their best customers.
  — Washington Post, 16 Sep. 2019
• The Bank of Thailand cut the prime rate to a record low 1% from 1.25% on Wednesday to help the economy weather a series of setbacks.
  — Washington Post, 6 Feb. 2020
• Local lenders raised the prime rate, which is often the basis of a cap on mortgages, for the first time in more than a decade in September.
  — Washington Post, 17 Mar. 2019
• In short, the Fed changes the federal funds rate, which alters the prime rate — that's the rate banks charge customers with high credit ratings.
  — CBS News, 31 Mar. 2022
• That is lower than the prime rate, a benchmark rate for commercial-bank lending to top clients, which is now 5%.
  — Andrea Fuller, WSJ, 28 June 2018
• Yet today, the prime rate is 8%, making the base rate far higher for borrowers.
  — Lucy Brewster, Fortune, 17 Apr. 2023
• Rates on variable credit cards will edge downward, as will rates on other consumer loans that are pegged to the prime rate.
  — Susan Tompor, Detroit Free Press, 31 July 2019
• The prime rate declines when the Federal Reserve reduces short-term rates.
  — Susan Tompor, Detroit Free Press, 30 Oct. 2019

Last Updated: 20 Aug 2024