Tennessee sets a new state interest rate at 11.50 percent, linked to the federal prime rate plus 4 percent, as announced by ...

Credit card issuers base their variable interest rates off of the prime rate. Since this rate is directly influenced by the Fed's benchmark, a rate cut means that credit card APRs also drop.

because the federal funds rate is tied to the prime rate, which is used to calculate variable interest rates, like the ones for cards. has an excellent introductory offer for consumers ...

The Bank of Canada (BoC) made another 0.25 per cent cut to its key interest rate on March 12, bringing it to 2.75 per cent.

The Bank of Canada is once again dropping its overnight rate to keep up with the economic instability amid a trade war.