Current prime lending rate 2020
Amortizing Advance Rates Effective 12:44 PM March 19, 2020. Term, Amort. Reg. CDA, CDA Extra, NEF. 2, yr, 2, yr, 0.82, 0.77, 0.74, 0.80. 5, yr, 5, yr, 1.31, 1.13 18 Nov 2019 Banks use the prime rate to set their own interest rates. it peaked at 5.5% in December of 2018 before falling again to its present rate of 4.75%. picks that landed a spot on our shortlist of the best savings accounts for 2020.