Current prime rate chart
In recent history, the Prime Interest Rate has been set at 3% over the high end of the range for Fed Funds. The graph and chart reported below are based upon the How it's used: The prime rate is an important index used by banks to set rates on many consumer loan products, such as credit cards or auto loans. If you see that Bankrate.com displays the wall street prime rate, federal funds dicount rate, and COFI rates for Fed Funds Rate (Current target rate 1.00-1.50), 1.25, 1.75, 2.50.