1 Year LIBOR | Libor Rate Current Interest Rates Index One - Bankrate

Home » What Is Current Index Rate » 1 Year LIBOR | Libor Rate Current Interest Rates Index One - Bankrate

Maybe your like

Skip to Main Content 1-year Libor LIBOR, other interest rate indexes Updated:
This Week Month Ago Year Ago

What it means: Libor stands for London Interbank Offered Rate. It's the rate of interest at which banks offer to lend money to one another in the wholesale money markets in London. It is a standard financial index used in U.S. capital markets and can be found in The Wall Street Journal. In general, its changes have been smaller than changes in the prime rate.

How it's used: It's an index that is used to set the cost of various variable-rate loans. Lenders use such an index, which varies, to adjust interest rates as economic conditions change. They then add a certain number of percentage points called a margin, which doesn't vary, to the index to establish the interest rate you must pay. When this index goes up, interest rates on any loans tied to it also go up. Although it is increasingly used for consumer loans, it has traditionally been a reference figure for corporate financial transactions.

Compare Rates

Mortgage Rates
  • 30 year fixed
  • 15 year fixed
  • 5/1 ARM
  • 7/1 ARM
  • 30 year FHA
  • 30 year fixed refi
  • 15 year fixed refi
  • 5/1 ARM (IO)
  • 30 year jumbo
  • See all mortgage
HIGH YIELD CD AND MMA RATES
  • 6 month CD
  • 18 month CD
  • 3 year CD
  • 3 year jumbo CD
  • MMAs
  • 1 year CD
  • 2 year CD
  • 1 year jumbo CD
  • 5 year IRA CD
  • See all CDs
Other Rates
  • Home equity
  • Credit cards
  • Savings
  • Student loans
  • Credit union CD
  • Auto
  • Checking
  • Auto refinance
  • Personal loans
  • Prime rate
Close X Icon How likely are you to recommend Bankrate to a friend or colleague? Not at all likely Extremely likely Checkmark Icon Anything else you'd like us to know? (optional) /200 Submit Cancel Send Icon

We appreciate your feedback

Thank you for taking the time to share your experience.

Tag » What Is Current Index Rate