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Prime is the bank’s own reference rate
Prime rates are reference rates issued by banks, and they are used as reference rates in home loans and other long-term loans. The level of a Prime rate is decided by the bank issuing the rate.
Nordea Prime is adjusted in line with market rates, albeit less frequently, which makes it more stable than the Euribor rates. The value of the Prime rate is affected by the current level of short and long-term market rates as well as by interest rate expectations, the inflation outlook and the general economic outlook.
We will announce any revisions to the Nordea Prime rate at least 14 days before the new rate enters into force. You can find these announcements in the news section of nordea.comOpens new window (in Finnish).
