Scotiabank changes GIC rates

    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:

For further information: Paula Cufre, Scotiabank Public Affairs, (416)

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