ICICI Bank Savings
 |  Compare ICICI Bank savings details against other savings or use our savings comparison tables. | ||
| Company: | ICICI Bank UK Plc www.icicibank.co.uk | ICICI Bank UK Plc www.icicibank.co.uk | ICICI Bank UK Plc www.icicibank.co.uk |
| Product: | HiSave 6 Month Fixed Rate Account (Access) | HiSAVE Savings Account | 3 Year Fixed Term Deposit |
| details | details | details | |
| Apply via this site: | Not available | Not available | Not available |
| | | |
| Savings Details | |||
 Account Type: | Term | Instant Access | Term |
| Rate Type: | fixed | bbr | fixed |
| Headline Interest Rate: | 6.3% | 6.16% | 6.1% |
| Interest Rate Guarantees: | n/a | bbr + 0.30% until 31/12/11 | n/a |
| Application Criteria | |||
| Existing Customer Only: | no | no | no |
| Minimum Age: | 18 | 18 | 18 |
| Restricted Availability: | no | no | no |
| Area Restrictions: | none | none | none |
| Minimum Investment: | £1,000 | £1 | £1,000 |
| Maximum Investment: | Unlimited | Unlimited | Unlimited |
| Minimum Balance: | £1,000 | £0 | £0 |
| Introductory Rates | |||
| Introductory Bonus: | 0% | 0% | 0% |
| Incentives Offered: | no | no | no |
| Rates | |||
| Tax Free: | no | no | no |
| Open-ended Bonus: | 0% | 0% | 0% |
| Rate Tiers: | no | no | yes |
| Fixed Term: | 6 months | n/a | 3 years |
| Fixed Term in Months: | 6 | n/a | 36 |
| Fixed Interest Rate: | yes | n/a | yes |
| Fixed Rate Period: | 6 months | n/a | 3 years |
| Term Period: | 6 | n/a | 36 |
| Interest Payment Freq: | maturity | monthly | maturity |
| Managing Account | |||
| Instant: | n/a | no | n/a |
| Passbook: | no | no | no |
| Transactions at Branch: | no | on-line | no |
| Statement Frequency: | annually | yes | on request |
| Transactions by Phone: | yes | no | no |
| Transactions by Internet: | yes | yes | no |
| Transactions by Post: | no | no | yes |
| Special Access: | yes | no | yes |
| Withdrawal Conditions: | yes | no | yes |
| Closure Before Maturity: | yes | n/a | yes |
| Transferred on Maturity: | transfer to nominated account | n/a | reinvested for same term |
| Fees & Charges | |||
| Penalty on all Wdls: | n/a | no | n/a |
| Withdrawal Notice: | 0 | n/a | 0 |
| Withdrawal Penalty: | 0 | n/a | 0 |
| Withdrawal Charge: | 5% penalty interest | n/a | 1% penalty interest |
| W/d Notice/Penalty/Charge: | charge only | n/a | charge only |
Compare ICICI Bank Savings
7.2% AER Fixed on your Savings
What's the deal?
ICICI Bank are offering 7.2% AER on their HiSave 1 Year Fixed Rate account. This is the highest rate currently available for a 1 year fixed rate savings account, giving you the chance to guarantee a market leading return on your savings for the next 12 months.
You can invest from £1,000 and manage your account over the internet or via telephone.
How do I benefit?
To take advantage of this 1 year fixed term rate simply visit the ICICI Bank website and complete the HiSave online application form. ICICI Bank will then send you a verification email to the address you provide within 2 working days.
After you receive this confirmation email you will need to forward them a cheque for the total amount you'd like to save. Once this has cleared ICICI Bank will open the account for you.
Expiry
Funds in your HiSave account will attract the 7.2% rate for 12 months from the date of opening.
Conditions
You must be a UK resident, over the age of 18, and hold a UK based current account with a direct debit facility to be eligible for an account.
It is important to bear in mind that as this is a fixed term account you won't be able to draw on your savings during the 12 month term.
Compare savings accounts via money.co.uk
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