ICICI Bank UK has unveiled a new competitive easy access savings account, securing a prized place on the Moneyfacts charts as a result.
HiSAVE SuperSaver Savings Account Issue 1 pays a variable rate of 1.54% monthly (1.55% AER), allowing it to rest comfortably among the top 10 accounts of its sector.
New customers must open and operate their account online, but existing customers can also open and manage it by phone. All transactions must be via a nominated account. A minimum investment of just £1 is required to open an account.
Additional deposits can be made at any time and transfers from existing HiSAVE savings accounts can be made by telephone. Unlimited, penalty-free withdrawals are also permitted with absolutely no notice required.
This easy access deal is likely to appeal to those looking for a flexible savings account. The rate is competitive and the monthly interest will suit those who are looking to secure a regular income. The fact that unlimited and penalty-free withdrawals and additions can be made further sweetens the deal.
Moneyfacts rating: Excellent
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