SunTrust Bank Increases Prime Rate
Tuesday, March 27th, 2018
Following the Federal Reserve's announcement to increase the Federal Funds rate, SunTrust Bank announced it has increased its prime lending rate to 4.75% from 4.50%, effective March 22, 2018. The prime rate is a benchmark used to set interest rates on various forms of consumer and commercial loans. The prime rate last changed on December 14, 2017.
