Prime Rate Reduction

Scotiabank & Trust (Cayman) Ltd. wishes to advise that, due to the announcement by the Federal Reserve to decrease the federal funds rate by 0.50% on September 18, 2024, the following changes will occur:

• USD Prime Rate decrease from 8.50% to 8.00%, effective September 20, 2024
• KYD Prime Rate decrease from 8.50% to 8.00%, effective September 20, 2024
  
  

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