Prime Rate

Get valuable information on the prime lending rate

Whether you're a business that wants to refinance or a bank considering rates for long term loans, a prime rate forecast is a necessary tool when you conduct business. The future bank prime rate makes a difference in future profit or loss. It's important to find a service that gives accurate information.

Current prime rate, business prime rates and prime rate news all play a role in the business decisions made every day. In order to cut the cost of doing business, savings on interest is one of the best tools. Banks need it, too. They need to set the best rates for loans loan just as the borrower needs to find the best rate.

1. Make your business loans with confidence when you know the current prime lending rate.
2. Use prime rate news to improve your business income or reduce your business expenses.
3. Set rates with ease when you have the latest prime rate news and forecasts.
   

 

Get information on the current prime lending rate for business decisions

Businesses need a way to judge the rates that banks offer and what better than a check on the bank prime rate. There are several services that bring the prime rate to businesses. These offer daily updates so you're always aware of the best price.
Try: Bloomberg provides information about prime rate and other statistics, not only for the U.S., but also internationally. They state the LIBOR, stock indices and other financial data as well. Dow Jones & Company brings the Wall Street Journal online and, with it, the rate normally quoted when other companies offer prime rate information.

Check prime rate listings whether you're a depositor or borrower

There are services that find the best bank to lend or the best rate for deposits. These services are for businesses both large and small and make the money work harder for your company.
Try: HSH™ Associates, Financial Publishers offers consumer loan information and include the prime rate as part of the package. They also include information for lenders. William J. Rhind and Associates offers a deposit service that tracks prime and finds the best place to deposit business assets for the highest return.

Find service that sets rates for prime rate lenders

A prime rate quote, federal funds rate, federal discount rate and forecast of these rates are important when setting a lending rate. Lenders need both the forecast and present rate to adjust their rate for a profit. It's important to have the right information so you bring in business and not give money away.
Try: Bankrate offers information not only about the prime lending rate but also the Federal Discount Rate, Fed Funds Rate and 11th District Cost of Funds. Financial Forecast Center specializes in both the creation and publication of forecasts of all things related to money such as the forecast of federal prime rate.

 

• Use the current prime interest rate to your advantage. A 1% savings on loans or improved interest on money market makes a huge difference in your bottom line.

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