Clarien Base Lending Rates Remain Unchanged
Clarien Bank announced that base lending rates will remain unchanged amid the US Federal Reserve rate increase announced today [Dec 19]. The Clarien Bank Bermuda Dollar Base rate for personal mortgages will remain 4.50% and 4.75% for commercial mortgages.
CEO of Clarien Bank Limited, Ian Truran commented: “The decision not to increase base lending rates reflects our commitment to constantly assess overall market conditions globally and the impact it has on our local economy.”
Mr. Truran continued: “We are intensely mindful of how base lending rate changes impact our clients, and after carefully analyzing several different factors including the rise in the US Federal Reserve rate, it has been determined that we will not increase our base lending rates at this time.”
“Clarien recently announced increases in its deposit rates, providing clients with a broad range of products at competitive rates to secure and grow their savings. As with lending rates, Clarien will continue to review deposit rates as well, and make adjustments as needed to ensure it provides a superior range of financial planning solutions for its diverse range of clients,” the company said.
Additional information regarding Clarien Bank rates are available at www.clarienbank.com.
