Reduction of CLA USD Credit Interest Rate tiers

Craig Dalton
January 5, 2020

In October 2019 the US Treasury announced a further 0.25% cut to the USD FED Funds Rate to 1.50-1.75%.  We were able to absorb this drop for a period of time, however we have now made the decision to reduce all USD interest rate tiers by 0.25% with effect from Monday the 20th January 2020.