Prime Rate Increase
Effective August 28, 2023
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 July 26, 2023 the following changes will occur:
- USD Prime Rate increase from 8.25% to 8.50%, effective August 28, 2023
- KYD Prime Rate increase from 8.25% to 8.50%, effective August 28, 2023
All products linked to USD and KYD Prime Rates will be adjusted on the effective dates indicated.