Say hi to returns with ICICI - Savings - News - Moneyfacts


Say hi to returns with ICICI

Say hi to returns with ICICI

Category: Savings

Updated: 15/05/2009
First Published: 15/05/2009

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 It is now over 6 months old so the content may be out of date.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 is to increase the rates of selected Hisave fixed rate accounts.

The one year product will now pay a rate of 4.00% (+0.10%) and the two year now offers a rate of 4.35% (+0.15%), as does the three year offer.

These increases in the short and medium term categories are great news for those who are happy with fixed rates and internet accounts .

While there is no flexibility in terms of additions or withdrawals, these bonds are all market leaders in their respective fields and have been awarded four out of five Moneyfacts stars.

The bank will also be making changes to its Hisave Savings internet account rate, which has been reduced by 0.45% to 2.00%.

It is bad news for investors but it remains one of the top five no notice online products without a bonus and, as such, it retains its four star rating.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!