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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.

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Q: What is the prime interest rate and how does the average bank customer fare in regard to the prime interest rate?
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Related questions

What is some advice on financing and credit scores?

Your credit score is what determines what you will pay on your vehicle. The bank checks your credit score and you are classified in one of three categories. The prime customer or top category, the near prime customer the middle and sub prime and those are considered the bottom of the credit ladder and the lower you are the higher the interest rate.


What is a good credit score for getting a car loan?

A good credit score for getting a car loan is 740 to 850, and the interest rate is only 3.2% on average. An average credit score is 680 to 739, and the interest rate is 4.5% on average. A sub-prime credit score is 680 and below, and the interest rate is 6.5% to 12.9% on average.


amazon prime support customer service phone number?

customer support phone number to call amazon prime


What are good credit card interest rates?

Good credit rates range between 8 and 12 percent. When a customer is very credit worthy, they tend to get the best interest rates. These rates are calculated by adding a certain percentage to the prime rate of the day.


What are sub primes?

Sub prime can be used in two aspects 1. Sub prime customer - A customer who does not have a great credit history and does not have the income to pay the monthly mortgage payments on the loan he is asking for 2. Sub prime Loan - A loan that is granted to a sub prime customer If you have a monthly income of $10000 and you ask for a mortgage loan with monthly payment of $4000 then you are a good customer If you have a monthly income of $4000 and you ask for a loan with monthly payment as $10000 then you would be a sub prime customer


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

It is normally higher than the US prime interest rate.


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.


1 888 985 6724 amazon prime video Support number?

There is no amazon prime support number, where did you get this?


Amazon Prime Cancellation Phone Number +1-800-*846*-4127?

Amazon Prime customer service helpline number +1-800-846-4127 is available for all people who face many problems. These people can contact easily customer service executive through the phone number of amazon customer service helpline. Amazon’s customer service Prime Membership Order Cancellation Refund Prime Video Prime Music Order Delay


Amazon Prime Cancellation Phone Number +1-808-*400*-5375?

Amazon Prime customer service helpline number +1-808-400-5375 is available for all people who face many problems. These people can contact easily customer service executive through the phone number of amazon customer service helpline. Amazon’s customer service executive asks users to confirm its account details to verify the ownership of the account. After that, the executive solves the problems of users. The main problems are faced by users is given below: Prime Membership Order Cancellation Refund Prime Video Prime Music Order Delay Password Recovery Account Login Problem And Others Amazon Customer Service Helpline Number +1-808-400-5375


How much do I have to pay back in interest if I take a loan out on my 401K?

The interest rate really depends on what the prime lending rate is. As the interest rate is the prime lending rate plus an additional percentage point or two.


Is prime rates the same as interest rates?

Prime rates are the interest rates most banks charge their customers for loans while interest rates are the rates charged to borrow money and come in many forms.