Clarien Holds Base Lending, Increases Deposit

March 21, 2018 | 0 Comments

Clarien Bank Limited will not adjust its BMD$ base lending rate following the US Federal Reserve rate increase of 0.25% announced today, however, the Bank announced that it will increase its BMD and USD Board Rates for term deposits, effective today, March 21.

Clarien Bank CEO Ian Truran said: “We increased our base lending rate by 0.25% in January so we do not feel an additional increase to our clients is warranted at this time.

“However we are pleased to announce that we have increased our board rates for term deposits and savings accounts. This follows increases we made in January and is positive news for our clients and a move that we hope will continue to help stimulate Bermuda’s economic recovery and growth.”

Please reference the following BMD and USD Clarien Board Rate increases per the effective date:

Microsoft Word - Clarien Media Release - Board Rates increase

Additional information regarding Clarien Board rates and Promotional Deposit Products is available at www.clarienbank.com

Share via email

Read More About

Category: All, Business

Leave a Reply