No Change: HSBC Bermuda Base Lending Rate

December 15, 2016

Following the 25 basis point increase announced yesterday, HSBC Bermuda said they will “leave its base lending rates for customers unchanged” at this time.

HSBC Bermuda TC template December 15 2016

The company said, “HSBC Bermuda assesses a range of macroeconomic and other factors in determining the bank’s base lending rates. The US Federal Funds Rate is an important one of those factors.

“Following the 25 basis point increase announced yesterday, HSBC has determined at this time to leave its base lending rates for customers unchanged.

“We will continue to monitor the US Fed Funds Rate and other factors and respond as appropriate.”

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Comments (5)

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  1. sandgrownan says:

    Let’s all switch our mortgages to HSBC.

  2. Truth is killin' me... says:

    The devil’s in the fine print. HSBC will get it back in other ways.

  3. Jahstice says:

    Trust me, they will up it soon.

  4. Oh,I see now says:

    The calm before the storm.

  5. ... says:

    hsbc increased the rate at the depths of the recession about 5 years ago. butterfield is only just catching up…