Sep 17, 2009
Bank Of Jamaica Reduces CD Rates Again
Effective today, September 17, 2009, the Bank of Jamaica has further reduced the interest rates offered on its Certificates of Deposit by 100 basis points (1%), for a cumulative 450 basis points (4.5%) since July 24, 2009. The six-month benchmark rate will therefore move to 17% per annum from 18%.
The full schedule of new rates is displayed below:
30 days – 12.50%
60 days – 13.00%
90 days – 15.50%
120 days – 15.70%
180 days – 17.00%