Effective 1 May 2020: Base Lending Rate impacting Retail and Business customers
The Bank will decrease its base lending rate for Retail & Business customers effective 1 May 2020.
The base rate for Bermuda dollar residential mortgages and consumer loans will decrease by 0.25% to 3.50%. The base rate for Business clients will decrease by 0.5% to 4.25%.
The Bank will be sending letter notification to impacted clients advising of this change prior to 1 May 2020.
Effective 4 April 2020 the Quarterly Bonus Saver standard and bonus interest rates will be changing.
The Bank will be adjusting the Quarterly Bonus Saver’s standard and bonus interest rate effective 4 April 2020. Further details on the standard and bonus interest rates are available below.
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