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Vol. I, No. 13 Afternoon Edition

The Fed Gazette

A civic journal of money and credit

Live Federal Reserve rates, FOMC decisions, speeches, and Treasury data, with every figure copied from the agency that published it.

Interest rates

Prime Rate Today: Bank Prime Loan Rate Chart and History

The bank prime loan rate was 7.00% on Oct 2, 2026, according to the Board of Governors of the Federal Reserve System, via GOVSPENDING.ORG.

Source: Board of Governors of the Federal Reserve System (H.15 Selected Interest Rates), via GOVSPENDING.ORG, DPRIME, Bank prime loan rate, percent, daily · Published · Updated

The bank prime loan rate, the base rate behind many credit card, home equity, and small-business loans, from the Federal Reserve Board’s H.15 release. A chart back to 1949, what changed since the last print, and a plain explanation. The figure is copied as published.

  • Bank prime loan rate 7.00% Oct 2, 2026 Same as the previous print

Prime Rate chart

Bank prime loan rate over time

Daily bank prime loan rate, in percent, as published. Each point is a stored daily print.

6.7%6.8%6.9%7.0%7.1%7.2%7.3%Jan ’26Apr ’26Jul ’26Oct ’266.7%6.8%6.9%7.0%7.1%7.2%7.3%Jan ’26Apr ’26Jul ’26Oct ’266.7%6.8%6.9%7.0%7.1%7.2%7.3%Jan ’26Apr ’26Jul ’26Oct ’266.7%6.8%6.9%7.0%7.1%7.2%7.3%Jan ’26Apr ’26Jul ’26Oct ’26
2.0%4.0%6.0%8.0%10.0%202220232024202520262.0%4.0%6.0%8.0%10.0%202220232024202520262.0%4.0%6.0%8.0%10.0%202220232024202520262.0%4.0%6.0%8.0%10.0%20222023202420252026
2.0%4.0%6.0%8.0%10.0%201820202022202420262.0%4.0%6.0%8.0%10.0%201820202022202420262.0%4.0%6.0%8.0%10.0%201820202022202420262.0%4.0%6.0%8.0%10.0%20182020202220242026
0.0%5.0%10.0%15.0%20.0%25.0%196019751990200520200.0%5.0%10.0%15.0%20.0%25.0%19601970198019902000201020200.0%5.0%10.0%15.0%20.0%25.0%196019651970197519801985199019952000200520102015202020250.0%5.0%10.0%15.0%20.0%25.0%19601965197019751980198519901995200020052010201520202025
  • Bank prime loan rate 7.00% Oct 2, 2026

Source: Board of Governors of the Federal Reserve System (H.15 Selected Interest Rates), via GOVSPENDING.ORG, DPRIME, Bank prime loan rate, percent, daily · as of · retrieved

More series in the data library
Data
Bank prime loan rate over time, the last print of each calendar quarter (a sample of the plotted line)
PeriodBank prime loan rate
Sep 30, 19553.25%
Dec 30, 19553.50%
Mar 30, 19563.50%
Jun 29, 19563.75%
Sep 28, 19564.00%
Dec 31, 19564.00%
Mar 29, 19574.00%
Jun 28, 19574.00%
Sep 30, 19574.50%
Dec 31, 19574.50%
Mar 31, 19584.00%
Jun 30, 19583.50%
Sep 30, 19584.00%
Dec 31, 19584.00%
Mar 31, 19594.00%
Jun 30, 19594.50%
Sep 30, 19595.00%
Dec 31, 19595.00%
Mar 31, 19605.00%
Jun 30, 19605.00%
Sep 30, 19604.50%
Dec 30, 19604.50%
Mar 31, 19614.50%
Jun 30, 19614.50%
Sep 29, 19614.50%
Dec 29, 19614.50%
Mar 30, 19624.50%
Jun 29, 19624.50%
Sep 28, 19624.50%
Dec 31, 19624.50%
Mar 29, 19634.50%
Jun 28, 19634.50%
Sep 30, 19634.50%
Dec 31, 19634.50%
Mar 31, 19644.50%
Jun 30, 19644.50%
Sep 30, 19644.50%
Dec 31, 19644.50%
Mar 31, 19654.50%
Jun 30, 19654.50%
Sep 30, 19654.50%
Dec 31, 19655.00%
Mar 31, 19665.50%
Jun 30, 19665.75%
Sep 30, 19666.00%
Dec 29, 19666.00%
Mar 31, 19675.50%
Jun 30, 19675.50%
Sep 29, 19675.50%
Dec 29, 19676.00%
Mar 29, 19686.00%
Jun 28, 19686.50%
Sep 30, 19686.25%
Dec 31, 19686.75%
Mar 31, 19697.50%
Jun 30, 19698.50%
Sep 30, 19698.50%
Dec 31, 19698.50%
Mar 31, 19708.00%
Jun 30, 19708.00%
Sep 30, 19707.50%
Dec 31, 19706.75%
Mar 31, 19715.25%
Jun 30, 19715.50%
Sep 30, 19716.00%
Dec 31, 19715.25%
Mar 31, 19724.75%
Jun 30, 19725.25%
Sep 29, 19725.50%
Dec 29, 19726.00%
Mar 30, 19736.50%
Jun 29, 19737.75%
Sep 28, 197310.00%
Dec 31, 19739.75%
Mar 29, 19749.25%
Jun 28, 197411.75%
Sep 30, 197412.00%
Dec 31, 197410.50%
Mar 31, 19757.50%
Jun 30, 19757.00%
Sep 30, 19758.00%
Dec 31, 19757.25%
Mar 31, 19766.75%
Jun 30, 19767.25%
Sep 30, 19767.00%
Dec 31, 19766.25%
Mar 31, 19776.25%
Jun 30, 19776.75%
Sep 30, 19777.25%
Dec 30, 19777.75%
Mar 31, 19788.00%
Jun 30, 19789.00%
Sep 29, 19789.75%
Dec 29, 197811.75%
Mar 30, 197911.75%
Jun 29, 197911.50%
Sep 28, 197913.50%
Dec 31, 197915.25%
Mar 31, 198019.50%
Jun 30, 198012.00%
Sep 30, 198013.00%
Dec 31, 198021.50%
Mar 31, 198117.50%
Jun 30, 198120.00%
Sep 30, 198119.50%
Dec 31, 198115.75%
Mar 31, 198216.50%
Jun 30, 198216.50%
Sep 30, 198213.50%
Dec 31, 198211.50%
Mar 31, 198310.50%
Jun 30, 198310.50%
Sep 30, 198311.00%
Dec 30, 198311.00%
Mar 30, 198411.50%
Jun 29, 198413.00%
Sep 28, 198412.75%
Dec 31, 198410.75%
Mar 29, 198510.50%
Jun 28, 19859.50%
Sep 30, 19859.50%
Dec 31, 19859.50%
Mar 31, 19869.00%
Jun 30, 19868.50%
Sep 30, 19867.50%
Dec 31, 19867.50%
Mar 31, 19877.50%
Jun 30, 19878.25%
Sep 30, 19878.75%
Dec 31, 19878.75%
Mar 31, 19888.50%
Jun 30, 19889.00%
Sep 30, 198810.00%
Dec 30, 198810.50%
Mar 31, 198911.50%
Jun 30, 198911.00%
Sep 29, 198910.50%
Dec 29, 198910.50%
Mar 30, 199010.00%
Jun 29, 199010.00%
Sep 28, 199010.00%
Dec 31, 199010.00%
Mar 28, 19919.00%
Jun 28, 19918.50%
Sep 30, 19918.00%
Dec 31, 19916.50%
Mar 31, 19926.50%
Jun 30, 19926.50%
Sep 30, 19926.00%
Dec 31, 19926.00%
Mar 31, 19936.00%
Jun 30, 19936.00%
Sep 30, 19936.00%
Dec 31, 19936.00%
Mar 31, 19946.25%
Jun 30, 19947.25%
Sep 30, 19947.75%
Dec 30, 19948.50%
Mar 31, 19959.00%
Jun 30, 19959.00%
Sep 29, 19958.75%
Dec 29, 19958.50%
Mar 29, 19968.25%
Jun 28, 19968.25%
Sep 30, 19968.25%
Dec 31, 19968.25%
Mar 31, 19978.50%
Jun 30, 19978.50%
Sep 30, 19978.50%
Dec 31, 19978.50%
Mar 31, 19988.50%
Jun 30, 19988.50%
Sep 30, 19988.25%
Dec 31, 19987.75%
Mar 31, 19997.75%
Jun 30, 19997.75%
Sep 30, 19998.25%
Dec 31, 19998.50%
Mar 31, 20009.00%
Jun 30, 20009.50%
Sep 29, 20009.50%
Dec 29, 20009.50%
Mar 30, 20018.00%
Jun 29, 20016.75%
Sep 28, 20016.00%
Dec 31, 20014.75%
Mar 29, 20024.75%
Jun 28, 20024.75%
Sep 30, 20024.75%
Dec 31, 20024.25%
Mar 31, 20034.25%
Jun 30, 20034.00%
Sep 30, 20034.00%
Dec 31, 20034.00%
Mar 31, 20044.00%
Jun 30, 20044.25%
Sep 30, 20044.75%
Dec 31, 20045.25%
Mar 31, 20055.75%
Jun 30, 20056.25%
Sep 30, 20056.75%
Dec 30, 20057.25%
Mar 31, 20067.75%
Jun 30, 20068.25%
Sep 29, 20068.25%
Dec 29, 20068.25%
Mar 30, 20078.25%
Jun 29, 20078.25%
Sep 28, 20077.75%
Dec 31, 20077.25%
Mar 31, 20085.25%
Jun 30, 20085.00%
Sep 30, 20085.00%
Dec 31, 20083.25%
Mar 31, 20093.25%
Jun 30, 20093.25%
Sep 30, 20093.25%
Dec 31, 20093.25%
Mar 31, 20103.25%
Jun 30, 20103.25%
Sep 30, 20103.25%
Dec 31, 20103.25%
Mar 31, 20113.25%
Jun 30, 20113.25%
Sep 30, 20113.25%
Dec 30, 20113.25%
Mar 30, 20123.25%
Jun 29, 20123.25%
Sep 28, 20123.25%
Dec 31, 20123.25%
Mar 29, 20133.25%
Jun 28, 20133.25%
Sep 30, 20133.25%
Dec 31, 20133.25%
Mar 31, 20143.25%
Jun 30, 20143.25%
Sep 30, 20143.25%
Dec 31, 20143.25%
Mar 31, 20153.25%
Jun 30, 20153.25%
Sep 30, 20153.25%
Dec 31, 20153.50%
Mar 31, 20163.50%
Jun 30, 20163.50%
Sep 30, 20163.50%
Dec 30, 20163.75%
Mar 31, 20174.00%
Jun 30, 20174.25%
Sep 29, 20174.25%
Dec 29, 20174.50%
Mar 30, 20184.75%
Jun 29, 20185.00%
Sep 28, 20185.25%
Dec 31, 20185.50%
Mar 29, 20195.50%
Jun 28, 20195.50%
Sep 30, 20195.00%
Dec 31, 20194.75%
Mar 31, 20203.25%
Jun 30, 20203.25%
Sep 30, 20203.25%
Dec 31, 20203.25%
Mar 31, 20213.25%
Jun 30, 20213.25%
Sep 30, 20213.25%
Dec 31, 20213.25%
Mar 31, 20223.50%
Jun 30, 20224.75%
Sep 30, 20226.25%
Dec 30, 20227.50%
Mar 31, 20238.00%
Jun 30, 20238.25%
Sep 29, 20238.50%
Dec 29, 20238.50%
Mar 29, 20248.50%
Jun 28, 20248.50%
Sep 30, 20248.00%
Dec 31, 20247.50%
Mar 31, 20257.50%
Jun 30, 20257.50%
Sep 30, 20257.25%
Dec 31, 20256.75%
Mar 31, 20266.75%
Jun 30, 20266.75%
Sep 30, 20267.00%
Oct 2, 20267.00%
Cite this

Cite the agency first. This paper is the place you read the figure, as of Oct 2, 2026.

  • APA Board of Governors of the Federal Reserve System (H.15 Selected Interest Rates), via GOVSPENDING.ORG. (2026, October 2). DPRIME, Bank prime loan rate, percent, daily [Data set]. https://govspending.org/series/DPRIME/ Retrieved October 9, 2026, via The Fed Gazette, https://fedgazette.com/prime-rate/#chart-prime-rate-0
  • MLA Board of Governors of the Federal Reserve System (H.15 Selected Interest Rates), via GOVSPENDING.ORG. “DPRIME, Bank prime loan rate, percent, daily.” DPRIME, Bank prime loan rate, percent, daily, data as of 2 Oct. 2026, https://govspending.org/series/DPRIME/. Accessed 9 Oct. 2026 via The Fed Gazette, https://fedgazette.com/prime-rate/#chart-prime-rate-0.
  • Chicago Board of Governors of the Federal Reserve System (H.15 Selected Interest Rates), via GOVSPENDING.ORG. “DPRIME, Bank prime loan rate, percent, daily.” Data as of October 2, 2026. https://govspending.org/series/DPRIME/. Retrieved October 9, 2026 via The Fed Gazette, https://fedgazette.com/prime-rate/#chart-prime-rate-0.

As of Oct 2, 2026 · Board of Governors of the Federal Reserve System (H.15 Selected Interest Rates), via GOVSPENDING.ORG · DPRIME, Bank prime loan rate, percent, daily · Percent · original series DPRIME on FRED · Retrieved

Prime rate: what changed since the last print

The latest prime rate print is 7.00% for Oct 2, 2026, the same as the print before it, 7.00% for Oct 1, 2026. About a year earlier, for Oct 2, 2025, it was 7.25%, and the latest print is lower than that.

This paper says only whether the latest stored print is higher than, lower than, or the same as an earlier stored print, and prints both. It does not compute a difference or a percent.

PeriodBank prime loan rate
Oct 2, 20267.00%
Oct 1, 20267.00%
Sep 30, 20267.00%
Sep 29, 20267.00%
Sep 28, 20267.00%
Sep 25, 20267.00%
Sep 24, 20267.00%
Sep 23, 20267.00%
Sep 22, 20267.00%
Sep 21, 20267.00%
Sep 18, 20267.00%
Sep 17, 20267.00%

What the prime rate is, in plain English

The prime rate is the rate banks charge their most creditworthy business customers, and it is the base for pricing many variable-rate loans. The Board of Governors reports the rate posted by a majority of the top twenty-five insured, U.S.-chartered commercial banks in its H.15 Selected Interest Rates release.

Banks set prime at a margin over the top of the federal funds target range, so it moves when the Federal Open Market Committee changes that range and rarely otherwise. Credit cards, home equity lines, and many small-business loans are priced as prime plus a margin.

The Federal Reserve does not set the prime rate. Each bank sets its own. The H.15 series reports the rate a majority of the large banks post.

Prime rate
The base rate banks use to price many variable-rate loans.
Federal funds target range
The range the Federal Open Market Committee sets for the overnight rate banks charge each other.
Margin
The amount a lender adds to a base rate to price a loan.

Prime rate questions answered

What is the latest prime rate?

The bank prime loan rate was 7.00% on Oct 2, 2026, according to the Board of Governors of the Federal Reserve System, via GOVSPENDING.ORG.

Who sets the prime rate?

Each bank sets its own. The Board of Governors reports the rate posted by a majority of the largest U.S. banks in its H.15 release.

How is the prime rate related to the Fed?

Banks set prime at a margin over the top of the federal funds target range, so it changes when the Federal Open Market Committee changes that range.

What loans use the prime rate?

Many credit cards, home equity lines of credit, and small-business loans are priced as prime plus a margin.

What does the as-of date mean?

It is the date the agency attached to the figure, and it is printed beside the figure. It can be earlier than today: a daily series is dated its business day, a weekly or monthly series is dated its week or month. The page also prints when this paper retrieved the file, so you can tell a late feed from a late print.

How do I cite a figure from this page?

Cite the agency first (Board of Governors of the Federal Reserve System, via GOVSPENDING.ORG). Then name The Fed Gazette as the place you read it. The Cite this panel on the page gives APA, MLA and Chicago lines built from the agency, the series name, the as-of date, the source URL and the date this paper retrieved the file.