ICICI Bank Canada Offers Unprecedented Interest Rates For HiSAVE Savings Account

ICICI Bank Canada is pleased to announce an increase to its Canadian and US Dollar HiSAVE Savings Account interest rates. The new rates are 4.50% per annum on the Canadian Dollar and 5.00% per annumon U.S. Dollar HiSAVE Savings Account. Both rates were effective June 18, 2007. ICICI Bank Canada''s higher rates are supplemented by the HiSAVE Savings Account''s features of no monthly fees, no minimum balance requirement, and available exclusively through its online platform to all its Canadian retail customers. HiSAVE is an online offering with no strings attached. It is hassle-free, extremely attractive and very straightforward, says Hari Panday, President & CEO of ICICI Bank Canada. Through such an offering, we bring best-in-class interest rates to our online customers coast to coast. HiSAVE Savings Account can be opened in Canadian and U.S. Dollars and operated through the Internet and telephone banking channels; in addition, customers need not close their existing bank accounts - they can link their existing bank accounts at other financial institutions with accounts opened at ICICI Bank Canada. In addition to the above changes, ICICI Bank Canada also increased rates of interest on Canadian and U.S. Dollar GICs, effective June 18, 2007.