Individual banks and financial institutions then use this federal funds rate as a starting point to set their own prime rate, or the interest rate passed onto the most creditworthy consumers.

Credit card interest rates are based on several different factors. They're typically tied to the prime rate, which is the interest rate that banks charge their largest customers. When the prime ...

including interest rates on loans and credit cards. The prime rate is the rate a bank can offer its best corporate or high-net-worth individual clients. A shift in the prime rate also influences ...

If the Federal Reserve cuts its benchmark rate this year, it will push savings and CD rates lower. Here's what the central bank says it expects right now.

China’s benchmark loan prime rates remained unchanged, extending a hold for a second month after a reduction in October, the People’s Bank of China said. The one-year loan prime rate held ...