The current Bank of America, N A prime rate is seven point zero zero percent (rate effective as of September 17, 2026). The prime rate is set by Bank of America based on various factors, including the bank's costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans. Bank of America may price loans to its customers at, above, or below the prime rate.
Bank of America, N A was created through the merger of NationsBank N A and Bank of America N T and S A on July 23, 1999. A history of the prime rate for Bank of America, N A shows each prime rate change since that date.
Following is a history of changes in the prime rate for Bank of America, N A (Note: In some Bank of America loan documentation, the term “reference rate” has been used to refer to this lending rate. The terms “prime rate” and “reference rate” refer to the same rate.)
Updated September 17, 2026
| Date | Rate |
|---|---|
| September 17, 2026 | seven point zero zero percent |
| Date | Rate |
|---|---|
| December 11, 2025 | six point seven five percent |
| October 30, 2025 | seven point zero zero percent |
| September 18, 2025 | seven point two five percent |
| December 19, 2024 | seven point five zero percent |
| November 8, 2024 | seven point seven five percent |
| September 19, 2024 | eight point zero zero percent |
| July 27, 2023 | eight point five zero percent |
| May 4, 2023 | eight point two five percent |
| March 23, 2023 | eight point zero zero percent |
| February 2, 2023 | seven point seven five percent |
| December 15, 2022 | seven point five zero percent |
| November 3, 2022 | seven point zero zero percent |
| September 22, 2022 | six point two five percent |
| July 28, 2022 | five point five zero percent |
| June 16, 2022 | four point seven five percent |
| May 5, 2022 | four point zero zero percent |
| March 17, 2022 | three point five zero percent |
| March 16, 2020 | three point two five percent |
| March 4, 2020 | four point two five percent |
| October 31, 2019 | four point seven five percent |
| September 19, 2019 | five point zero zero percent |
| August 1, 2019 | five point two five percent |
| December 20, 2018 | five point five zero percent |
| September 27, 2018 | five point two five percent |
| June 14, 2018 | five point zero zero percent |
| March 22, 2108 | four point seven five percent |
| December 14, 2017 | four point five zero percent |
| June 15, 2017 | four point two five percent |
| March 16, 2017 | four point zero zero percent |
| December 15, 2016 | three point seven five percent |
| December 16, 2015 | three point five zero percent |
| December 16, 2008 | three point two five percent |
| October 29, 2008 | four point zero zero percent |
| October 8, 2008 | four point five zero percent |
| April 30, 2008 | five point zero zero percent |
| March 18, 2008 | five point two five percent |
| January 30, 2008 | six point zero zero percent |
| January 22, 2008 | six point five zero percent |
| December 11, 2007 | seven point two five percent |
| October 31, 2007 | seven point five zero percent |
| September 18, 2007 | seven point seven five percent |
| June 29, 2006 | eight point two five percent |
| May 10, 2006 | eight point zero zero percent |
| March 28, 2006 | seven point seven five percent |
| January 31, 2006 | seven point five zero percent |
| December 13, 2005 | seven point two five percent |
| November 1, 2005 | seven point zero zero percent |
| September 20, 2005 | six point seven five percent |
| August 9, 2005 | six point five zero percent |
| June 30, 2005 | six point two five percent |
| May 3, 2005 | six point zero zero percent |
| March 22, 2005 | five point seven five percent |
| February 2, 2005 | five point five zero percent |
| December 14, 2004 | five point two five percent |
| November 10, 2004 | five point zero zero percent |
| September 22, 2004 | four point seven five percent |
| August 11, 2004 | four point five zero percent |
| July 1, 2004 | four point two five percent |
| June 27, 2003 | four point zero zero percent |
| November 7, 2002 | four point two five percent |
| December 13, 2001 | four point seven five percent |
| November 7, 2001 | five point zero zero percent |
| October 3, 2001 | five point five zero percent |
| September 18, 2001 | six point zero zero percent |
| August 22, 2001 | six point five zero percent |
| June 28, 2001 | six point seven five percent |
| May 16, 2001 | seven point zero zero percent |
| April 19, 2001 | seven point five zero percent |
| March 21, 2001 | eight point zero zero percent |
| February 1, 2001 | eight point five zero percent |
| January 3, 2001 | nine point zero zero percent |
| May 16, 2000 | nine point five zero percent |
| March 21, 2000 | nine point zero zero percent |
| February 2, 2000 | eight point seven five percent |
| November 16, 1999 | eight point five zero percent |
| August 24, 1999 | eight point two five percent |
| July 1, 1999 | eight point zero zero percent |
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