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

April 26, 2017average Bank customer Fare Interest rate Prime regard

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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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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.