ICICI increases one year rate - Savings - News | moneyfacts.co.uk


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ICICI increases one year rate

ICICI increases one year rate

Category: Savings

Updated: 29/06/2010
First Published: 29/06/2010

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 It is now over 6 months old so the content may be out of date.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 its 1 Year HiSAVE account, improving its position in the market.

The rate has been increased by 0.10% to 3.10%. Monthly options will also be amended, although all other terms and conditions on the account remain unchanged.

For investors looking to tie their bonds up for the short term, this is an attractive rate, although, as with many fixed rate bonds, no early access is permitted.

A HiSAVE savings account will be automatically opened for the administration of funds when they mature.

This account deserves Hi praise and is well worth four out of five Moneyfacts stars.

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