PITTSBURGH, Dec. 19, 2018 /PRNewswire/ — PNC announced an increase in its prime lending rate. The new rate of 5.50 percent is effective.
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The prime rate is the underlying index for most credit cards, home equity loans and lines of credit, auto loans, and personal loans. Many small business loans are also indexed to the Prime rate.
Starting June 16, 2018, existing Prime members with an annual membership will renew at a rate of $119/year. Prime Student members with an annual membership will renew at a rate of $59/year. Monthly Prime members continue to pay $12.99 per month.
The publication says that financial flows to low- and middle-income countries came under pressure in 2018 due to a.