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TORONTO, March 4 /CNW/ - Scotiabank today announced changes in the interest rates earned on Scotia Guaranteed Investment Certificates (GICs). The new rates are effective March 5, 2008.- one-year GIC rate decreases 0.20 per cent to 2.30 per cent; - two-year GIC rate decreases 0.25 per cent to 2.55 per cent; - three-year GIC rate decreases 0.25 per cent to 2.80 per cent; - four-year GIC rate decreases 0.25 per cent to 3.00 per cent; - five-year GIC rate decreases 0.25 per cent to 3.10 per cent; - seven-year GIC rate decreases 0.15 per cent to 3.30 per cent; - ten-year GIC rate decreases 0.10 per cent to 3.40 per cent.(R) Registered trademark of The Bank of Nova Scotia.
For further information: Paula Cufre, Scotiabank Public Affairs, (416) 933-1093, paula_cufre@scotiacapital.com