PNC Bank Raises Prime Lending Rate
PNC Bank, N.A. has announced an increase in its prime lending rate to 7.00%, effective September 17, 2026. The adjustment impacts loan rates tied to the prime rate.
PNC Bank, N.A. announced on September 16, 2026, that it is raising its prime lending rate. The new rate will be 7.00%, taking effect on September 17, 2026.
The adjustment is in line with broader economic conditions and potential shifts in federal interest rate policies. Prime rate is a benchmark for many variable-rate loans.
This change means that borrowers with loans tied to the prime rate, including many business and consumer credit products, will see their interest rates increase. The exact impact will depend on the specific terms of each loan agreement.
PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC), a diversified financial services company with operations across the United States.