If you pay attention to financial news, you may have heard the term “prime rate” and wondered what it meant. You might have even confused it with the federal funds rate or your loan’s ...

or "prime," interest rates. For this reason, prime borrowers are likely to get approved for the best credit cards, but it may come at a higher interest rate than someone who has super-prime credit.

The South African Reserve Bank has announced a 25 basis point cut in the interest rate, marking the third consecutive ...

Craig Sebastiano is a personal finance writer based in Toronto. He was previously the managing editor at Ratehub.ca and has written about credit cards, mortgages, banking, investing and investment ...

If you have less-than-stellar credit, you may be classified as someone who is "subprime," which means your credit score is lower than what's required to get the best, or "prime," interest rates.

The prime rate dropped to as low as 2.25% in 2009. Interest rates stayed low for a while. As the economy showed signs of life, the BoC began raising rates again, but the prime rate stayed at 3% ...

Royal Bank of Canada, Toronto Dominion Bank, Canadian Imperial Bank of Commerce, Bank of Montreal, National Bank of Canada, ...

In its first cut of 2025, the Bank of Canada (BoC) lowered its key interest rate by 25 basis points. On Wednesday, the ...

The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.

The prime rate is a base rate set by Canadian banks to determine the variable interest rates they can charge on lending products, such as mortgages and loans. Many or all of the products featured ...