• Island Insurance lowers home rate • Banks lower their lending rates • Basic accounting class set for KCC Island Insurance lowers home rate Island Insurance Companies announced recently that, effective today, Sunday, July 1, its homeowner rates will drop between
• Island Insurance lowers home rate • Banks lower their lending rates • Basic accounting class set for KCC
Island Insurance lowers home rate
Island Insurance Companies announced recently that, effective today, Sunday, July 1, its homeowner rates will drop between 7 percent and 25 percent, depending on the type of coverage and policy amount. The average decrease is expected to be 19 percent, and policy-holders will see the lower rates in renewal notices issued as of today.
Banks lower their lending rates
Bank of Hawai’i, First Hawaiian Bank and American Savings Bank all lowered their base lending rates from 7 percent to 6.75 percent, effective last week, in response to the Federal Reserve’s dropping its federal funds rate.
The federal funds rate is an overnight bank lending rate that is a benchmark for other short-term interest loans. The local banks’ base lending rates influence business loans, auto loans, credit cards, and more.
Basic accounting class set for KCC
Basic accounting for the small business is the title of a seminar offered Tuesday, July 10, from 9 a.m. to 11 a.m. at Kaua’i Community College in Puhi. The Hawai’i Small Business Development Center Network (HSDC) presents the workshop, covering basic recordkeeping, financial statements, balance sheets, operating statements, cashflow statements, other transactions, correcting errors, and more.
The seminar cost is $20 per person, and those interested must pre-register by calling 246-1748. Rian M.S. Lau, associate state director of the HSDC, conducts the course, and has an extensive background in management, strategic planning, business finance and operations.
