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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.
Rate (%) December 16, 2008: 3.25: December 17, 2015: 3.5: December 15, 2016: 3.75: March 16, 2017: 4.00: June 15, 2017: 4.25: December 14, 2017: 4.50 (The Current U.S. Prime Rate) December 13, 2017: The FOMC has voted to raise the target range for the fed funds rate, from 1.00% - 1.25% to 1.25% - 1.50%. Therefore, the United States Prime Rate is now 4.50%, effective tomorrow (December 14,2017.) The next FOMC meeting and decision on short-term