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TORONTO, May 25 /CNW/ - Scotiabank today announced changes in the interest rates earned on Scotia Guaranteed Investment Certificates (GICs). The new rates are effective May 26, 2007.- one-year GIC rate increases 0.05 per cent to 3.10 per cent; - two-year GIC rate increases 0.05 per cent to 3.15 per cent; - three-year GIC rate increases 0.10 per cent to 3.25 per cent; - three-year Ultimate(R) GIC rate increases 0.20 per cent to 4.05 per cent; - four-year GIC rate increases 0.20 per cent to 3.35 per cent; - five-year GIC rate increases 0.30 per cent to 3.50 per cent; - five-year Ultimate(R) GIC rate increases 0.25 per cent to 4.20 per cent; - seven-year GIC rate increases 0.25 per cent to 3.50 per cent; - ten-year GIC rate increases 0.20 per cent to 3.55 per cent. - The effective yield on the five-year Accelerated Rate GIC increases from 4.1260 per cent to 4.3263 per cent. (R) Registered trademark of The Bank of Nova Scotia.
For further information: Paula Cufre, Scotiabank Public Affairs, (416) 933-1093, email@example.com