Prime Rate Reduction

Effective December 20th, 2024

Scotiabank & Trust (Cayman) Ltd. wishes to advise that due to the announcement by the Federal Reserve to decrease the federal funds rate by 0.25% on December 18, 2024, the following changes will occur:

  • USD Prime Rate decrease from 7.75% to 7.50%, effective December 20, 2024
  • KYD Prime Rate decrease from 7.75% to 7.50%, effective December 20, 2024

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