SuperSaver Term Deposit

SuperSaver Term Deposit up to 2.30% 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.

Know More >

Product Details

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.

 

Automatic renewal

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

 

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.

Product Summary

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

 

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.

Interest Rate

SuperSaver Term Deposit USD Rates (AER/Gross) effective December 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 1.85% 1.85%

 

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 December 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 1.85% 1.85%
2 Years 1.89% 1.90%
3 Years 2.09% 2.10%
5 Years 2.28% 2.30%

 

*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

How to Apply

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.