The best replacement for libor is prime.

The best alternatives to libor are rated as following:
★★★★★  prime
★★★  prime rate
★★★  fed funds
★★  euribor
★★  treasury
★  fed funds rate
★  base rate
★  ois
★  libid
★  cmt
★  libor
★  mta
★  swap rate
★  ois discounting
★  eurodollar
  federal funds rate
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  treasury index
  tibor
  federal funds
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  lie-bor
  swap
  cofi
  t bill
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  t-bill
  boe base rate
  bma
  sibor
  abr
  cosi
  commercial paper
  euro dollar
  prime index
  treasury rate
  libo
  libid rates
  fed
  prime interest rates

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