Rates
How We Determine Our Rates
Most of our rates are based on established reference rates used throughout the financial industry, including:
- 1-Month LIBOR
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The London Interbank Offered Rate is based on the interest rates at which banks borrow from each other in the London wholesale money (interbank) market.
- Federal Funds Rate
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The interest rate at which banks in the United States lend to each other. It is set by the Federal Reserve. The Prime Rate is approximately 3% above this.
- Interest Rate Swaps
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An interest rate swap is an agreement between two parties where one stream of future interest payments is exchanged for another based on a specified principal amount. Interest rate swaps often exchange a fixed payment for a floating payment. There exists an active market for interest rate swaps with the base rates for certain periods being published by the Federal Reserve. USAB utilizes the swap "base rate" plus an applicable spread to determine a fixed rate on a loan at the time of closing. By clicking View Rates, you will be taken to the Federal Reserve website. Scroll to the bottom, just before the footnotes, to view the interest rate swap base rates.
Call your local USAmeriBank branch for today’s rates, and terms of our money market accounts, CDs and loans.
- Brandon
- 813.315.3120
- Carrollwood
- 813.397.4960
- Clearwater
- 727.723.7273
- Downtown Tampa
- 813.226.0111
- East Bay
- 727.585.4111
- South Tampa
- 813.418.5111