Prime Rate

Discussion in 'Credit Talk' started by Shantel, Jun 11, 2001.

  1. Shantel

    Shantel Well-Known Member

    Can anyone tell me the name of a website where I can find Prime. It's going to start being very important to me with CCs that are based on it.

    Also, how often should I check the website? Monthly?

  2. JacquiG

    JacquiG Well-Known Member

  3. VJ

    VJ Well-Known Member

    Shantel, here's one URL that reports daily.

    Remember,most variable cc's reflect the increases in prime almost immediately but start to calculate the decreases only after the statement cycle date.(up to 29 days later)

  4. VJ

    VJ Well-Known Member

    JacquiG , FOMC does not meet once a month(more like 8-10 times /year) and the chairman can change rates between meetings if necessary.

  5. Shantel

    Shantel Well-Known Member

    Thanks folks!

    GEORGE Well-Known Member

    WITHIN is on the news...and on this board...
  7. JacquiG

    JacquiG Well-Known Member


    Sorry, just trying to help. Went to the FOMC website - found out they only meet 8 times a year, some are unscheduled. Next time I guess I'll verify before I open my mouth :)
    No harm done?
  8. Shantel

    Shantel Well-Known Member

    I know when it changes, it's announced, but I don't retain that stuff. If I forget (which is what typically happens), it's nice to have a place to go for a "refresher".
  9. VJ

    VJ Well-Known Member

    If anyone should be sorry its me.I meant no disrespect to you
    and if I hurt your feelings I deeply regret it.

    Its just that I see so much misinformation, bad information and bickering/posturing for position around here lately, I was more sensitive to correcting your post.

    I've always valued and enjoyed reading your posts and encourage you to continue to help others whenever you possibly can.
    No harm done...


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