ICICI increases savings rate - Savings - News - Moneyfacts


ICICI increases savings rate

ICICI increases savings rate

Category: Savings

Updated: 19/05/2010
First Published: 18/05/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
ICICI Bank UK has increased the rate of return for savers with four year fixed rate accounts.

The 4 Year HiSAVE Fixed rate account now offers 4.50% interest (+0.15%).

It is good to see the provider implementing this increase, improving its already market leading position, albeit in a limited field.

As with many fixed rate bonds, earlier access and additions are not permitted, so investors will need to know what funds they can commit to from the outset.

A HiSAVE Savings account is automatically opened when customers invest in a fixed rate account.

Four out of five Moneyfacts stars have been awarded.

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