honoluluadvertiser.com

Sponsored by:

Comment, blog & share photos

Log in | Become a member
The Honolulu Advertiser

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.