# What is the current prime interest rate in Canada?

The current prime interest rate in Canada is 3.00%, which is pretty low compared to that of other countries. For example, the interest rate in the U.S. is 3.25%.

### What is the bank of Canada prime rate?

The Bank of Canada has a prime rate that is the best interest rate that they offer. It varies according to the economic climate but it is the rate on which other interest rates are based. Read More

### What is the current interest rate of a Yes Loan?

I have looked around, but it may not be the most current interest rate, seeing as all I could find was from August 1st, 10.25% was the Base rate, and their prime lending rate was at 19.75% at that time. Read More

### What are the interest rates on a Fidelity 401K account?

The interest rates for a loan on a Fidelity 401K account will vary depending on location and the current prime rate. 401K loans rates are typically 1% above prime rate. Read More

### The interest rate for South Africa?

The current prime lending rate in South Africa is 14%. So interest rates generally vary between 12% to 16%, depending on your credit risk. Read More

### What is charged in an interest rate?

Interest Rate is the cost of borrowing money. When a bank or other lending institution lends money to you, they charge what is called an interest rate. This interest rate is typically set by governing bank of the country - for example, in Canada it is the Bank of Canada, in the USA it is the Federal Reserve. This is called the Prime Rate and is the rate of interest banks charge their best customers… Read More

### What is the prime interest rate?

The "Prime Interest Rate" is the interest rate used by banks to base all their loan interest rates (and sometimes other interest rates) on and is usually lower than the lowest rate charged on loans to customers with the best credit ratings. Read More

### What is the prime interest rate and how does the average bank customer fare in regard to the prime interest rate?

The prime rate is the rate that a bank charges its most creditworthy customers. The average customer can expect to pay one or two percent (or more) above prime. Read More

### Is LIBOR normally higher or lower than the US prime interest rate?

It is normally higher than the US prime interest rate. Read More

### What is the definition of Prime Lending Rate?

Prime Rate or Prime Lending Rate is a term applied in countries to reference an interest rate used by banks. In the past, the term indicated the rate of interest at which banks lent to favored agents (those with good credit), however, this is not always the case. Many interest rates are expressed as a percentage above or below Prime Lending Rate. Read More

### What is the provident fund interest rate?

The current PF interest rate if 8% Starting April 2012, the rate of interest will be 8.25% Read More

### What is the current interest rate for auto finance?

Auto finance interest rates vary, but the current interest rate is generally between six and nine percent. Read More

### What are the two different types of interest rates?

A fixed rate has the same rate of interest the entire life of the loan. A fluctuating rate varies with the prime interest rate. Read More

### Calculating interest on a home equity line of credit?

Multiply the interest rate (Prime +/- a predetermined margin) by the loan amount and divide by 12 to establish the monthly payment. Example: 80,000 x 8.25% (Current Prime Rate) = $6,600 $6,600/12 = $550 per month Read More

### What does a variable interest rate on my current bank account imply?

A variable interest rate on a current bank account would imply that the interest rate fluctuates over time. Market conditions will determine the value of the interest earned. Read More

### What is the current yearly interest rate for a month for the rate of 0.6?

The current yearly rate comes out to be 7.2 percent. Read More

### What is the interest rate at Abbey Banking?

"The current interest rate in the United Kingdom is 0.05%. Santander, a Spanish bank purchased Abbey in 2004. The current standard interest rate on a personal loan is 7.4% APR." Read More

### What is the current interest rate?

Please provide a specific country or region for which you have interest in the current interest rates as the answer differs accordingly. Read More

### How does your bank know the prime interest rate?

Your bank will know the prime interest rate (also known as the "United States Prime rate" in the same manner that it becomes known to other banks. The rate is determined by the Wall Street Journal based on polling the nations top 10 banks. The rate is updated when at least 7 of the 10 banks change their interest rates. The rates are a composite of these top banks and the "prime interest rate" is… Read More

### Is current Market Rate of Interest the same as yield to maturity?

It depends. YTM is calculated in the same way as IRR. You take all future cash flows and discout it by x% and equate to current market price. Then you solve for x% and what you get will be YTM. So if current price of bond is calculated by current market rate of interest than YTM=Current Market Rate of Interest. How ever bond price not always is equal to that price. Very often current yield(coupon/current… Read More

### How does prime factor into lending?

Prime rate or prime lending rate is a term applied in many countries to reference an interest rate used by banks. The term originally indicated the rate of interest at which banks lent to favored customers, i.e., those with good credit, though this is no longer always the case. Some variable interest rates may be expressed as a percentage above or below prime rate. Read More

### What is meant by the the prime rate?

Prime rate is the term used by financial institutions for the rate of interest given to their customers with great ratings. It is often the lowest of the interest terms, and is the rate which banks use to lend funds to each other. Read More

### What is the current interest rate on the American Airlines credit card?

The current interest rate on an American Airlines credit card is variable. This rate depends on the individual's credit, their payment history, and other factors. The interest rate varies between 21% and 25%. Read More

### How are prime interest rates determined?

The Federal Funds Rate, which is the interest rate banks charge each other, is determined eight times a year by the Federal Open Market Committee (FOMC). The prime interest rate usually runs about 3% above the Federal Funds Rate. Read More

### What is the prime interest rate as of June 18 2011?

The prime interest rate as of June 18, 2011 is 3.25%, however each bank may set its prime rate differently. The 3.25% is cited from the Wall Street Journal, which aggregates many different bank's prime rates. Read More

### Do prime interest rates vary if you have low credit?

To the best of my knowledge I would have to say that if you have a low credit score it does not effect the prime interest rate. However, it might determine whether or not you get a loan. The prime interest rate is usually 3% above the federal funds rate. This is what the banks see and determine what there rates will be. Read More

### What is the best or lowest interest rate commercial banks charge their customers?

prime rate Read More

### What is the lowest interest rate in the country?

The "prime" rate, which is regulated by the Federal Reserve Commission, with its' well-known chairman, Alan Greenspan. Prime is the interest rate that is charged to banks and lending institutions. It is THE basic rate which determines all other rates. Read More

### What is a variable interest rate?

An interest rate that changes based on economic factors, such as T-Bills, LIBOR, and the prime rate published in the Wall Street Journal. Read More

### What is the difference between the prime interest rate and that charged by banks to the public?

The difference is that rates charged by banks to the public have an additional rate added to the prime rate based on creditworthiness and rating. Poor credit equals a higher interest rate and vice versa. Read More

### What is the current interest rate on a standard saving account at Bank of America?

The current interest rate for a regular savings account at Bank of America is 0.05. This rate applies to custodial savings for youth accounts as well. Read More

### What interest rate does RBS offer on their current mortgages?

RBS initial interest rate is 2.69% for a mortgage with a follow on rate of 4%. Their overall cost for comparison is 3.9% APR. This is current until November 30, 2013. Read More

### Difference enters bond's coupon interest rate the current yield y bond-holder's required rate of return?

Difference enters bond's coupon interest rate the current yield y bondholder's required rate of return? Read More

### What is the current Prime Rate?

The current prime rate according to the Wall Street Journal and the Bloomberg Business Weekly is currently between twenty-two and twenty-five percent. Read More

### What is the basic interest that banks use?

Banks base their interest rates on the prime rate, which is the rate at which the Federal reserve gives for loans to financial institutions. Read More

### What occurs when a bonds stated interest rate is less than the market interest rate?

Since the current market interest rate is higher, it is more attractive to a new investor then the bond with a lower interest rate. Thus, the price of the lower interest rate bond has to decline to be competitive with new bonds in the market. Read More

### What is average interest rate on American mortgage?

The current interest rate on American mortgages is quite good. You go buy house now Read More

### What are the average interest rates for the HSBC Mastercard?

"HSBC offers two types of MasterCard, the Premier MasterCard and the Advance MasterCard. Interest rates for each of these are based on the current going rate. At present, the interest rate for the Premier MasterCard is 12.9%. The current interest rate for the Advance MasterCard is 17.9%. For both types of cards, the interest rate will increase by 5% if the minimum monthly payment is not made by the due date." Read More

### How can you find out the current interest rate?

The current rate of interest can be easily found by contacting your bank or lender directly or going online to their website. Rates for borrowing are higher than the rates received on deposits. Read More

### Does the federal government influence interest rates?

The Federal Reserve, which is a part of the federal government, sets the Prime Rate, which is a rate which banks loan to each other and also the rate at which banks can borrow from the federal government. This prime rate, in turn, affects the interest rates which consumers pay for loans. Read More

### What is the current prime mortgage rate?

There are many ways one might learn the current prime mortgage rate. The most reputable resource one might use to find current rates is one's local financial institution. Read More

### Should you refinance your mortgage if your current rate of interest is 15 percent?

If your current rate of interest is 15%, whether your refinance your mortgage is something you should discuss with your bank or financial advisor. If you think you could be getting a better rate, you can take it up with them. Read More

### What is Canada's 2011 birth rate?

The current birth rate of Canada (2011) is 10.2799997329712 Read More