Monday, January 4, 2016

Interest rate change January 1, 2016

All Yankee Farm Credit variable interest rates increased by 0.25% on January 1, 2016. This action followed market interest rates. The Federal Reserve increased interest rates by 0.25% at its meeting on December 16, 2015. The prime interest rate immediately followed, increasing from 3.25% to 3.50%.

This is the first general increase in our interest rates since October 1, 2010.