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The Prime Interest Rate and its Relationship with InflationLatest Data(percent per annum). Effective Dates, Short-Term Prime Lending Rates of Banks1, Long-Term Prime Lending Rates3. Most Frequent, Highest, Lowest. Historical TD Prime Rates ; July 13, , % ; June 8, , % ; January 26, , %. The current Bank of America, N.A. prime rate is % (rate effective as of November 8, ). The prime rate is set by Bank of America based on various.