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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 nation's prime rate is considered the prime rate charged by a majority of the nation's largest banks. The most common reference for the nation's prime rate is published daily in The Wall Street Journal. Current prime rate The latest prime rate as of August 12, 2016, is 3.5 percent, according to the Board of Governors of the Federal Reserve System.