prime rate

Questions

What does prime rate mean?

The interest rate that large commercial banks charge on loans to customers with a high credit rating, i.e. those seen as at low risk of default.

How to pronounce prime rate

1. Open the pronunciation page — Open the Speakur entry for “prime rate”.
2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
3. Play the audio — Click Play to hear reference audio for “prime rate”.
4. Repeat and practice — Say “prime rate” aloud, matching stress and vowels until it feels natural.