Customer Notice

Federal Reserve adjustments  to the federal funds rate

Scotiabank Turks & Caicos Ltd. wishes to advise that  the Federal Reserve has increased the federal funds rate to 4%,  and  as such the following changes will occur:

  • USD Prime Rate increase from 3.50% to 4.00% effective May 5, 2022.

All products linked to USD Prime Rates will be adjusted on the effective dates indicated.