ICICI Bank has unveiled a new easy access account, which has moved straight into the Moneyfacts charts for its enticing rate and terms.
HiSAVE SuperSaver Savings Account pays 1.40% AER (1.39% monthly), allowing it to take a secure seat among the top 10 accounts of its sector.
New customers must open an account online while existing customers have the additional option of setting it up by phone. It can then be managed by either method, although access must be via a nominated account.
A minimum investment of just £1 is needed, although the account can be topped up at any time with further additions. Transfers in of existing HiSAVE accounts can also be made by phone. In terms of withdrawals, savers are granted unlimited, penalty-free withdrawals that require absolutely no notice.
Savers are likely to welcome this new addition to the easy access market – its competitive rate sets it firmly among the top 10 accounts of its sector and it also offers complete flexibility in terms of adding and withdrawing funds. Existing customers are also likely to welcome the option to transfer in existing accounts.
Moneyfacts rating: Excellent
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