business
1 min read
KeyCorp Increases Prime Lending Rate to 7.00 Percent
KeyCorp and its banking affiliates have raised their prime lending rate from 6.75 percent to 7.00 percent. The new rate becomes effective on September 17, 2026. This change impacts borrowers tied to the prime rate.
09/27/2026 · Florida edition
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Why it matters locally: While KeyCorp's primary operations are not based in Florida, an increase in the prime lending rate can affect Floridians with variable-rate loans, such as certain credit cards, home equity lines of credit, and small business loans, potentially increasing their borrowing costs.
CLEVELAND — KeyCorp, the financial services company, announced an increase in its prime lending rate. The company and its banking affiliates raised the rate to 7.00 percent from its previous 6.75 percent. This adjustment takes effect on Thursday, September 17, 2026. Borrowers whose loans, such as certain credit cards or lines of credit, are benchmarked against the prime rate will see this change reflected. KeyCorp's history in banking spans more than two centuries, originating in Albany, New York.Related Topics
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