Posted at 11:40 a.m., Tuesday, December 11, 2007
Biggest Hawaii banks follow Fed in lowering rates
Advertiser Staff
Hawaii's two largest banks are lowering interest rates after the Federal Reserve lowered the federal funds rate today by a quarter point.First Hawaiian Bank, the state's largest bank, said it lowered its base lending rate to 7.25 percent from 7.5 percent today.
No. 2 Bank of Hawaii said it will drop its base rate to 7.25 percent from 7.5 percent starting tomorrow.
