What is the best method for downloading this data automatically?
What Is Wall Street Prime Rate. The wall street journal conducts a regular, ongoing market survey of america's biggest banks to see what interest rate they are charging to their prime. The prime rate is an important index used by banks to set rates on many consumer loan products, such as credit cards or auto loans.
United States (Fed) Prime Rate Chart from www.fedprimerate.com
The best answer has to do with information; The prime rate is the interest rate commercial banks charge their most creditworthy customers, which are usually corporations. Publications may also refer to the wall street journal prime lending rate or the wsj prime lending rate.
It is not the best rate offered by banks.
Treasury constant maturity rate, the cost of funds index rate, the commercial bank prime rate, the mortgage loan index rate, and the libor rate are all sources for index interest rates for adjustable. Other prime rates aren't directly comparable; The wall street journal surveys the 10 largest u.s. The wsj prime rate is essentially the base interest rate that banks are charging borrowers, and it's referenced by lenders and borrowers alike.
