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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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.