Prime Rate increase
effective May 3, 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 May 5, 2023, the following changes will occur:
- USD Prime Rate increase from 8.00% to 8.25%, effective May 5, 2023
- KYD Prime Rate increase from 8.00% to 8.25%, effective May 5, 2023
All products linked to USD and KYD Prime Rates will be adjusted on the effective dates indicated.