How to Use prime rate in a Sentence

prime rate

noun
Definition of prime ratenext
  • The rates on their cards would rise as the prime rate does.
    — Christopher Rugaber, Anchorage Daily News, 28 July 2022
  • But the Fed’s rate is the basis for your bank’s prime rate.
    — Cora Lewis, Fortune, 3 May 2023
  • The prime rate — which drives many consumer loans — moves up to 7%.
    — Susan Tompor, Detroit Free Press, 16 Nov. 2020
  • The central bank cut the prime rate for loans by five basis points to 4.2%.
    — Fortune, 21 Sep. 2019
  • The latest move is a cut by major banks to the five-year loan prime rate.
    — Jj Kinahan, Forbes, 21 Feb. 2024
  • That rate then serves as the basis for the prime rate, which stood at 8% on Wednesday.
    — Kathleen Wong, USA TODAY, 12 June 2023
  • Many small business loans are indexed to the prime rate, too.
    — Susan Tompor, USA TODAY, 15 Dec. 2017
  • The prime rate was the base for your brother-in-law’s equity line.
    — cleveland, 27 Oct. 2019
  • The banks, in turn, price new loans using the loan prime rate as a reference.
    — Jonathan Cheng, WSJ, 20 Jan. 2022
  • That’s because those rates are based in part on banks’ prime rate, which follows the Fed’s.
    — Time, 15 Dec. 2022
  • That’s because those rates are based in part on banks’ prime rate, which moves in tandem with the Fed.
    — Christopher Rugaber, Anchorage Daily News, 28 July 2022
  • That's because those rates are based in part on banks' prime rate, which moves in tandem with the Fed.
    — Aimee Picchi, CBS News, 27 Jan. 2022
  • The federal funds rate and the prime rate are tightly linked, and as one goes, so the other tends to go.
    — Samantha Bomkamp, chicagotribune.com, 21 Mar. 2018
  • Some of these are hitched to the prime rate, which is based on the federal funds rate, according to Bankrate.com.
    — Orlando Mayorquin, USA TODAY, 25 July 2022
  • There are also prime rates to be secured through Booking.com.
    — Brad Japhe, Travel + Leisure, 22 May 2024
  • The prime rate is given to bank’s most trustworthy lenders.
    — Sean McDonnell, cleveland, 5 May 2022
  • The interest rates banks charge on their credit cards are tied to the prime rate, which is tightly linked to the Fed funds rate.
    — Elisabeth Buchwald, USA TODAY, 12 Dec. 2013
  • The prime rate will also drop 50 bps as soon as this chart updates with one more day of data.
    — Moneyshow, Forbes, 26 Sep. 2024
  • Here's what some didn't know Many credit cards are variable rate cards that can go up or down based on the prime rate.
    — Susan Tompor, Detroit Free Press, 30 Oct. 2019
  • The nation’s central bank kept loan prime rates unchanged for May.
    — Felix Tam, Bloomberg.com, 19 May 2023
  • Specifically, now that the Fed has cut its short-term rate, the prime rate will follow.
    — Mike Patton, Forbes, 20 Sep. 2024
  • Increasing the federal funds rate cranks up what's known as the prime rate.
    — Rob Wile, NBC News, 9 Nov. 2022
  • Generally speaking, when the Fed raises the funds rate, the prime rate goes up, too.
    — Q.ai - Powering A Personal Wealth Movement, Forbes, 17 June 2022
  • On Thursday, the prime rate, a key benchmark for credit card and other loans, rose a quarter point to 4.5%.
    — Aaron Back, WSJ, 15 Dec. 2017
  • For several decades now, the rule of thumb has been that the prime rate is equivalent to the federal funds rate plus 3%.
    — Rob Wile, NBC News, 16 June 2022
  • The new loan prime rate, or LPR, is based on the interest rate for one-year loans that 18 banks offer their best customers.
    — Washington Post, 16 Sep. 2019
  • The Bank of Thailand cut the prime rate to a record low 1% from 1.25% on Wednesday to help the economy weather a series of setbacks.
    — Washington Post, 6 Feb. 2020
  • Local lenders raised the prime rate, which is often the basis of a cap on mortgages, for the first time in more than a decade in September.
    — Washington Post, 17 Mar. 2019
  • In short, the Fed changes the federal funds rate, which alters the prime rate — that's the rate banks charge customers with high credit ratings.
    — CBS News, 31 Mar. 2022
  • That is lower than the prime rate, a benchmark rate for commercial-bank lending to top clients, which is now 5%.
    — Andrea Fuller, WSJ, 28 June 2018

Some of these examples are programmatically compiled from various online sources to illustrate current usage of the word 'prime rate.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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