AGH 3.85 0.00 Vol 0 AGL 17 0.00 Vol 0 BAS 1.7 0.00 Vol 0 BFM 16.4 0.00 Vol 0 BG23B 98.0011 0.00 Vol 0 BPH 7 0.00 Vol 0 DEVON 3.55 0.00 Vol 0 LOM 2.5 0.00 Vol 0 NTB 40 0.00 Vol 0 ONE 3.2 0.00 Vol 0 POLAR 5 0.00 Vol 0 SOM 15.25 0.00 Vol 0 WHHL 4.06 0.00 Vol 0 WWW 21.5 0.00 Vol 0
Market Closed:

BSX News


BUTTERFIELD HOLDS MORTGAGE RATES STEADY, INCREASES TERM DEPOSIT RATES AFTER FED FUNDS INCREASE

Hamilton, Bermuda—13 June 2018: The Bank of N.T. Butterfield & Son Limited (“Butterfield” or the “Bank”) (NYSE: NTB | BSX: NTB.BH) announced that it will not increase interest rates on residential mortgages or Bermuda dollar consumer loans in response to today’s 25 basis point increase in the US Federal Funds Rate, and will increase interest rates on fixed-term deposits.

Deposit Rates

To provide customers with the opportunity to earn higher returns on Bermuda dollar and US dollar deposits, rates paid on fixed-term deposits with terms of 90 days or more will be increased by between 0.15% and 0.25%, depending on the product.  Changes will be effective 19 June 2018 and detailed deposit rate information will be available online and at Butterfield Banking Centres shortly.

Loans

The base rate for Bermuda dollar residential mortgages and consumer loans will remain unchanged at 5.00%.

The base rate for Bermuda dollar corporate loans and USD loans will increase from 5.25% to 5.50% effective 15 June 2018.

For more information regarding loan rates and terms, customers should contact the Bank’s Consumer Credit department on (441) 298 4799 or their relationship managers.

-ENDS-

TRADING HOURS

08:30-09:00 Price Discovery
09:00-16:30 Continuous Trading

CONTACT DETAILS

TEL: +1 (441) 292 7212
FAX: +1 (441) 292 7619
Email: info@bsx.com

LOCATION

30 Victoria Street
3rd Floor
Hamilton, Bermuda

MAILING ADDRESS

P.O. Box HM 1369
Hamilton HMFX

Disclaimer

 

The information contained in these pages has been obtained from sources which The Bermuda Stock Exchange believes are reliable. However, the accuracy of the information cannot and is not guaranteed and The Bermuda Stock Exchange makes no representation as to its accuracy or completeness. Neither this Web site, nor any information contained herein, constitutes advice or a solicitation to subscribe, purchase or sell any securities. The Bermuda Stock Exchange expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon any part of the contents of this site or any external sites referenced from this website.