Any Canadians ever hear of Icici Bank?

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  • SmutGiant
    Confirmed User
    • Oct 2003
    • 4896
    #1

    Any Canadians ever hear of Icici Bank?

    Thinking about getting an account there, highest interest rates I've come across yet. Appearantly they're an Indian bank that provides the same type of services as ING Direct but with slightly higher interest rates. Would you trust your money to them?

    http://www.icicibank.ca
    Last edited by SmutGiant; 12-21-2004, 10:46 PM.
    Tags: None
    • azguy
      Confirmed User
      • Nov 2004
      • 5167
      #2
      I find it funny how people fall for interest rates. They only mean something to you if you're (a) lazy, (b) scared to take risks, (c) stupid. Keeping money in a bank account is pointless. At least dump it into a mutual fund if you're the lazy type, but don't let they pay you 1% (even 4%) a year... wtf is wrong with people.

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        • GTS Mark
          Vrume Mark
          • Jan 2001
          • 20912
          #3
          Check and see if they are CDIC insured, if so the government insures you up to $30,000. So if this bank closes down tomorrow and runs, you will be insured and won't lose your dinero.

          DH

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            • Relish XXX
              Confirmed User
              • Dec 2004
              • 4904
              #4
              They have a huge office in Hyde Park in London.

              It is a seriously expensive area of London so if they own that building I would say they are a big company.

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