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SuperSaver Term Deposit up to 2.70% AER

Our SuperSaver Term Deposit is a savings option which pays you a fixed rate of interest for a fixed term.

  • Save with a fixed interest rate for a term of 6 months, 1 year, 2 years, 3 years or 5 years
  • Deposit GBP, US Dollars
  • Access to your account through the branch or over the phone
  • Minimum deposit required is GBP 1,000, USD 1,000
  • Relationship Rewards - Get savings, improved rates and other special offers when you use our products and services.
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ICICI Fixed Deposit Account

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A secure fixed rate account

  • Earn a fixed interest rate on your savings for the full term
  • Invest a minimum of £1000 (there is no maximum)
  • Access to your account – online or phone

Find out more in our SuperSaver Term Deposit FAQs.

Flexible saving options

  • Choose to save in GBP or US Dollars
  • Select a savings term of 6 months, 1 year, 2 years, 3 years or 5 years
  • Open an account individually or jointly.

Please see our terms and conditions.

Automatic renewal

Our renewal service means that we can automatically renew
your SuperSaver Term Deposit when it matures.

SuperSaver Term Deposit

Eligibility
  • 18 years or older.
  • Application subject to identity and address verification
Interest Rate
  • Rates are fixed for the term of the deposit.
  • Rates are periodically updated. Please visit our website for latest interest rates or contact a branch.
Tax Status Tax is deducted on interest earned at a rate of 20%. If you are eligible for tax exemption, please speak to our staff.
Bonus interest rate None
Withdrawals Withdrawals are not permitted for the term of deposit
Premature closure Premature closure is allowed subject to a penalty of 1% reduction in the interest rate offered for the period of the deposit. If the penal charge of 1% is greater than the interest rate for the invested period, the interest earned will be deducted and only the original Principal amount will be returned.
  • This means that your original investment is protected.
  • Minimum Balance GBP1000; USD1000
    Access Branch, phone banking
    Other charges CHAPS and SWIFT Charges
      GBP USD Euro
    CHAPS £20 NA NA
    SWIFT £10 $20 €15
    Foreign currency cheque collection charges (25 working days approx.)

    GBP USD Euro
    £25 $45 € 45
    Paper version of tax certificate : £5

    Key Product Features

    • Fixed Rate for the term of the deposit
    • Interest paid on maturity
    • Available in GBP,or USD

    Key Facts

    1. Who regulates us?
      ICICI Bank UK PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registration Number: 223268). ICICI Bank UK PLC (Company number 04663024) has its registered office at One Thomas More Square, London E1W 1YN.
    2. What you should do if you have a complaint?
      If you want to make a complaint please contact us at:
      ICICI Bank UK PLC,
      Customer Relations,
      2nd Floor,
      One Thomas More Square,
      London E1W 1YN
      Or
      Telephone Customer Relations at 0844 412 4444 (calls cost 5 pence per minute plus your phone company’s access charge)
      Or
      Email at ukcustomerrelations@icicibank.com
      We will then arrange for a member of the complaints team to investigate and respond to you accordingly.
    3. Are we covered by the Financial Services Compensation Scheme (FSCS)?
      ICICI Bank UK PLC is covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.
      In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank including their share of any joint account, and not to each separate account.
      For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.fscs.org.uk or call the FSCS on 0800 678 1100 or 020 7741 4100. Please note only compensation related queries should be directed to the FSCS.
    1

    Who is eligible?


    To open a SuperSaver Term Deposit you need to deposit at least £1,000 or $1,000.

    2

    What documents do I need?

    • You need to submit:
      • A valid proof of identity
      • A valid proof of address

    Please read our short documents guide before you apply.

    3

    Download and complete the forms

    Please download our application form

    If you’d like any help while completing your form, or if you have any questions about the application process, you can call us on 0844 412 4444 (calls cost 5 pence per minute plus your phone company's access charge) and we’ll be happy to assist you.

    4

    Submit your forms


    Please bring your completed application form, proof of identity and proof of address to one of our branches.

    ICICI Bank reserves the right to:

    • Decline an application for a new account
    • Change or withdraw any or all of the benefits, services or special promotions offered at any time

    To ensure that we carry out your instructions accurately, to help us continually improve our service and in the interests of security, we may monitor and/or record your telephone calls made to us.

    You can access our full terms and conditions here.

    SuperSaver Term Deposit USD Rates (AER/Gross) effective March 5, 2014

     
    Gross AER
    7 days to 30 days 0.35% 0.35%
    31 days to 60 days 0.35% 0.35%
    61 days to 90 days 0.85% 0.85%
    91 days to 180 days 0.85% 0.85%
    181 days to 270 days 1.00% 1.00%
    271 days to less than 1 year 1.25% 1.25%
    1 Year 1.60% 1.60%

    Terms other than one year are not available for new deposits. Only existing fixed deposits selected for auto renewal can be renewed for different terms.

    Click here for interest rate history


    SuperSaver Term Deposit GBP Rates (AER/GROSS) effective March 5, 2014

     
    Gross AER
    7 days to 30 days 0.35% 0.35%
    31 days to 60 days 0.35% 0.35%
    61 days to 90 days 0.85% 0.85%
    91 days to 180 days 0.85% 0.85%
    181 days to 270 days 1.00% 1.00%
    271 days to less than 1 year 1.25% 1.25%
    1 Year 1.60% 1.60%
    2 Years 2.04% 2.05%
    3 Years 2.68% 2.70%
    5 Years 2.48% 2.50%

    *Interest paid on AER basis

    Terms other than six months (183 Days), 1 year, 2 years, 3 years or 5 years are not available for new deposits. Only existing fixed deposits selected for auto renewal can be renewed for different terms.

    Click here for interest rate history


    NRI services

    We can assist Non- Resident Indians (NRIs) with a wide range of India products – Rupee savings accounts, fixed deposit accounts, India home loans and award-winning online trading services.

    More about NRI services

    Money transfers

    Our international network and low charges enable fast and convenient money transfers with preferential exchange rates – online, in branch and over the phone.

    More about transferring money

    HiSAVE Accounts

    • Earn a high interest on your savings.
    • Start saving with as little as £1 (for our HiSAVE Savings Account).

    More about HiSAVE accounts

    We're here to help

    Call us on 0344 412 4444 (Calls to this number use free plan minutes if available, otherwise they cost the same as 01/02 prefix calls).

    If you're outside the UK, call +44 203 478 5319.

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