Customer Notice

Federal Reserve to increase the federal funds rate

Scotiabank & Trust (Cayman) Ltd. wishes to advise that due to the announcement by the Federal Reserve to increase the federal funds rate by 0.25% on March 16, 2022, the following changes will occur:

USD Prime Rate increase from 3.25% to 3.50%, effective March 21, 2022
KYD Prime Rate increase from 3.25% to 3.50%, effective March 30, 2022

All products linked to USD and KYD Prime Rates will be adjusted on the effective dates indicated.