Comments on: Butterfield Adjusts Rates On Deposits & Loans

By: Kathy

Kathy — Sat, 29 Sep 2018 15:07:55 +0000

Bntb should be ashamed at the deposit rates they offer. There is too much of a spread in rates between deposit and borrowing. Deposit rates are not yet high enough to attract my money!!

By: SayItAintSo

SayItAintSo — Thu, 27 Sep 2018 14:31:43 +0000

I’m waiting to hear Premier Burt’s solution.
Why are the banks still charging the +2%?
Why are my expat coworkers given a housing allowance due to the high cost of living here, but are still able to buy properties in their homeland and take advantage of very low interest rates?
In Canada they can get a fixed rate of less than 4% or variable around 3%.
These increasing rates are crushing many locals who haven’t seen pay raises in 5 or 6 years.
The US is using higher rates to cool down their economy….. we need the exact opposite.

By: Justin

Justin — Thu, 27 Sep 2018 01:43:40 +0000

Burt said he’s going to make things cheaper!! Ha ha ha!!!

By: PANGAEA

PANGAEA — Thu, 27 Sep 2018 00:57:57 +0000

That one was long over due .

The borowing public was having it far too good for a long time , seen all the new cars lately .

Seniors have to pay cash, even with having a truck load of collateral.

Some seniors will get a slight boost to their income that is untill the retailers and utilities get their hands on it.

Equally the lending depositors that is you and I were getting the rough end of the stick , even with
0.25 % you will not be “Dancing with the Stars”.

I am still waiting for something wonderfull to happen to this island.