U.S. Banks Raise Prime Rate to 7%
U.S. Bancorp, Fifth Third Bank, and other large U.S. lenders have raised their prime lending rates to 7.00% from 6.75%, with U.S. Bank setting the new level to take effect on September 17, 2026 and others moving in after the Federal Reserve’s rate hike. The changes are designed to lift banks’ net interest income but may raise borrowing costs for consumers and businesses, even as executives express optimism about the economy.
Finance · 12 sources · Sep 17, 2026Read itThe journal
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About KeyBank
KeyBank is an American regional bank, headquartered in Cleveland, Ohio. Formed by the 1994 merger of the Society Corporation and KeyCorp, KeyBank is the 27th largest bank in the United States. The company today operates nearly 1,000 branches and over 1,200 ATMs across the Midwest, the Pacific Northwest and Northeast United States as well as in Alaska, Colorado, Texas and Utah.
Everything about KeyBank →- Country
- United States
- Headquarters
- Cleveland
- Inception
- 1825
- Website
- http://www.key.com/, https://www.key.com/