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ICICI Bank Canada announces its one-year Canadian Dollar Term Deposit and all Residential Mortgage Rates

Monday, September 26, 2005 4:52 PM


TORONTO, Sept. 26 /CNW/ - ICICI Bank Canada, a full-service direct bank
and a member of Canada Deposit Insurance Corporation (CDIC), announced changes
to its one-year Canadian Dollar Term Deposit and Canadian Residential Mortgage
Rates for all the terms.
Canadian Dollar Term Deposit:
-  one-year term deposit rate is increased by 10 basis points, to 3.10%
Canadian Residential Mortgages:
-  one-year closed mortgage increased by 30 basis points, to 3.95%
-  two-year closed mortgage increased by 25 basis points, to 4.00%
-  three-year closed mortgage remains unchanged at 4.20%
-  four-year closed mortgage decreased by 20 basis points, to 4.45%
-  five-year closed mortgage decreased by 10 basis points, to 4.60%
-  variable mortgage rate decreased by 50 basis points, to Prime minus
   0.50%
These changes are effective September 23, 2005.
The interest rate on its Canadian and U.S. Dollar HiSAVE Savings Accounts
remains unchanged at 3.00%, with a rate guarantee until March 31, 2006.

(Source: CNW )
(Source: Quotemedia)

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