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Prime Rate Reduction
Effective November 12, 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 November 07, 2024, the following changes will occur:
USD Prime Rate decreased from 8.00% to 7.75%,
effective November 12, 2024
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KYD Prime Rate decreased from 8.00% to 7.75%,
effective November 12, 2024
All products with variable pricing linked to USD and KYD Prime Rates will be adjusted on the effective dates indicated.