REVIEW OF THE ECONOMY 2013
81
SUSTAINING GROWTH, SECURING PROSPERITY
APPENDICES
APPENDIX 19
COMMERCIAL BANKS’ INTEREST RATES
Prime Loan Rates
Deposits
Period
Ending
Basic
Prime
Rate
Term Demand Overdraft
Real
Estate
Mortgage
Savings
Ordinary
Special
3
Month
3 to 6
Month
6 to 12
Month
2001
15.00 16.00 15.00 15.50 16.00 3.00
5.25 6.60 6.75 7.80
2002
11.50 13.38 11.50 13.50 11.25
1.90 3.00 2.88 3.63 4.19
2003
11.50 11.25 11.50 11.50 12.50 2.03
3.00 3.06 3.54 4.19
2004
9.50 9.50 9.50 9.50 9.50
1.78
2.53 2.65 3.30 3.55
2005
9.00 9.06
9.00 9.06
9.31
1.46
2.38 2.65 3.06 3.51
2006
11.06 10.25 10.56 11.06 11.06
1.46
2.39 2.68 3.11
3.69
2007
11.75 10.63
11.75
11.75
11.75
1.46
2.39 2.90 3.36 3.88
2008
12.25
12.31
12.25
12.31
12.00
1.88
2.39 3.35 3.86 4.06
2009
12.13 12.06 12.25
12.19 11.63
1.25
1.74 2.23 2.82 3.25
2010
9.50 9.50 9.50 9.50 9.50 0.38
0.37 0.70 0.90 1.64
2011
8.00 8.00 8.00 8.00 8.00 0.25
0.24 0.50 0.79 1.43
2012
7.75
7.75
7.75
7.75
7.75
0.20 0.22 0.22 0.61
0.71
2011
October
7.75
7.75
7.75
7.75
7.75
0.20 0.20 0.22 0.79 1.51
November
7.75
7.75
7.75
7.75
7.75
0.20 0.20 0.22 0.79 1.51
December
7.75
7.75
7.75
7.75
7.75
0.20 0.20 0.22 0.79 1.51
2012
January
7.75
7.75
7.75
7.75
7.75
0.20 0.20 0.22 0.79 1.58
February
7.75
7.75
7.75
7.75
7.75
0.20 0.20 0.22 0.79 1.58
March
7.75
7.75
7.75
7.75
7.75
0.20 0.20 0.22 0.61
0.71
April
7.75
7.75
7.75
7.75
7.75
0.20 0.22 0.22 0.61
0.71
May
7.75
7.75
7.75
7.75
7.75
0.20 0.22 0.22 0.61
0.71
June
7.75
7.75
7.75
7.75
7.75
0.20 0.22 0.22 0.61
0.71
July
7.75
7.75
7.75
7.75
7.75
0.20 0.22 0.22 0.61
0.71
August
7.75
7.75
7.75
7.75
7.75
0.20 0.22 0.22 0.61
0.71
September
7.75
7.75
7.75
7.75
7.75
0.20 0.22 0.22 0.61
0.71
October
7.75
7.75
7.75
7.75
7.75
0.20 0.22 0.22 0.61
0.71
November
7.50
7.63
7.50
7.50
7.50 0.20 0.20 0.22 0.61
0.71
December
7.50
7.63
7.50
7.50
7.50 0.20 0.22 0.22 0.61
0.71
2013
January
7.50
7.50
7.50
7.50
7.50 0.20 0.22 0.22 0.61
0.71
February
7.50
7.50
7.50
7.50
7.50 0.20 0.22 0.22 0.61
0.71
March
7.50
7.50
7.50
7.50
7.50 0.20 0.22 0.22 0.60 0.71
April
7.50
7.50
7.50
7.50
7.50 0.20 0.22 0.22 0.61
0.71
May
7.50
7.50
7.50
7.50
7.50 0.20 0.09 0.22 0.61
0.71
June
7.50
7.50
7.50
7.50
7.50 0.20 0.09 0.22 0.61
0.71
Source: Central Bank of Trinidad and Tobago
