Published On: Fri, Nov 24th, 2017

MCB Bank reduces interest on savings

MCBWILLEMSTAD - MCB lowers its interest on savings. Instead of 1 percent, savers now only get half percent.

The youth saving plan Lito also becomes less attractive. The 3 percent interest rate remains but the 5 percent extra interest per year is abolished. This saving’s plan was meant for loyal savers between 0 and 21 years.

And you save through the youth savings plan Lito, then you are completely the bobbin. The 3 percent

According to MCB, the interest rate cut is due to the poor economic situation of the island.

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