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Todayâs Prime Rate. The prime rate today is 3.25%. This prime rate has been in effect since the Fed Funds rate was lowered to 0%-0.25% back in December of 2008. So, 0.25% + 3% = 3.25% (todayâs prime rate). This is the longest period of prime rate stability in history.
The prime rate represents a survey of rates charged by lending institutions to their most credit-worthy customers. The rate was first published in 1947, when it stood at 1.75 percent.