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Todayâs Prime Rate. The prime rate today is 3.25%. This prime rate has been in effect since the Fed Funds rate was lowered to 0%-0.25% back in December of 2008. So, 0.25% + 3% = 3.25% (todayâs prime rate). This is the longest period of prime rate stability in history.
The Current U.S. (Fed) Prime Rate is: 4.00%. March 15, 2017: The FOMC has voted to raise the. target range for the fed funds rate to 0.75% - 1.00%. Therefore, the United States Prime Rate is now 4.00%, effective tomorrow (March 16, 2017.) The next FOMC meeting and decision on short-term rates. will be on May 3RD, 2017.