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SuperSaver Savings Account

Earn an attractive interest rate of 0.50% AER (variable) on balances over £500 or 0.25% AER on balances below £500, with the flexibility to withdraw funds whenever you like from this Sterling savings account.

  • Easy access to your savings with no penalties.
  • Easy control of your account – online and phone
  • Get monthly interest on your savings
ICICI SuperSaver Savings Account

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Easy control of your money

For convenience your SuperSaver Savings Account links to your ICICI Bank UK HomeVantage Current Account – so you can easily deposit and withdraw funds whenever you like.

Find out more in our SuperSaver Savings Account FAQs.

Make your money go further

Use our online and phone banking services to transfer cash from your linked current account into your SuperSaver Savings Account. You can also set up automatic monthly transfers so it all takes care of itself.

Please see our Terms and Conditions


Interest paid monthly

Get monthly interest on your savings.The interest rate payable on the SuperSaver Savings Account may vary from time to time – but we strive to offer you competitive rates.

SuperSaver Account Rates effective from January 14, 2012
 
AER(variable) Gross Net Tax Free
     0.50% 0.50% 0.40% 0.50%

0.25% AER Interest paid on days when balance is below £500

Click here for interest rate history

SuperSaver Savings Account

Eligibility
  • 18 years or older
  • Current account with ICICI Bank UK PLC
Interest Rate

On days when balances in your account is £500 and above.

Credit Interest SuperSaver Savings Account
AER(Variable) 0.50%
Gross 0.50%
Net 0.40%
Tax Free 0.50%

On days when balance in your account is less than £500.

Credit Interest SuperSaver Savings Account
AER(Variable) 0.25%
Gross 0.25%
Net 0.20%
Tax Free 0.25%
Gross is the taxable rate of interest without the deduction of UK Income Tax. Net is the rate of interest payable after the deduction of UK Income Tax at the rate specified by law (currently 20.00%). AER (Annual Equivalent Rate) is a notional rate that illustrates what the annual rate of interest would be if the interest was compounded each time it was paid. Where interest is paid annually, the quoted rate and the AER are the same.
Tax Status If you are eligible for tax exemption, please contact our bank staff for help.
Conditions for bonus payment No bonus payment
Withdrawal arrangement
  • Withdrawals can only be made to the linked ICICI Bank UK PLC Current Account
  • Withdrawals can be requested online and through a branch
  • No restrictions on the number of withdrawals done
  • No notice period required for withdrawals
  • No penalty on withdrawals
Administration charges* Nil
Minimum Balance £500 or more required to earn 0.50% AER on any day. 0.25% AER earned on days when balance is less than £500
Access Branch, Internet Banking
Other Charges No charges

* The total monthly average balance is calculated by adding your daily closing balance of all your accounts with us for the month and dividing it by the total number of days for that month.

Key Product Features

  • High Interest Rate
  • Facility to setup regular monthly transfers
  • Unlimited withdrawals with no penalties
  • Online and Phone Banking

Key Facts

  1. What will you have to pay us for our SuperSaver Savings Account services?
    There are no standing charges on SuperSaver Savings Account offered by ICICI Bank UK PLC. However there are charges levied for certain services/facilities provided for day to day running of your account. We recommend that you go through the Rates and Charges Schedule before making a choice.
  2. Who regulates us?
    ICICI Bank UK PLC is authorised and regulated by the Financial Services Authority. ICICI Bank UK PLC (registration number: 223268). ICICI Bank UK PLC (Company number 04663024) has its registered office at One Thomas More Square, London E1W 1YN.
  3. What to do if you have a complaint?
    If you wish to register a complaint, please contact us promptly at:
    ICICI Bank UK PLC,
    Customer Relations,
    2nd Floor,
    One Thomas More Square,
    London E1W 1YN
    Or
    Call our Customer Service Centre at 08081 31 41 51 (Freephone from UK landline)
    Or
    Email us at ukcustomerrelations@icicibank.com
    We will then arrange for a member of the complaints team to investigate and respond to you accordingly.
  4. 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 scheme (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 020 7892 7300 or 0800 678 1100.
1

Who is eligible?

You can start saving with as little as £1

To open a SuperSaver Savings Account you need to hold a HomeVantage Current Account with us – this is easy for us to arrange.

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 and summary information.

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 080 81 31 41 51 (freephone from UK landlines) 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.

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 (at least 0.30% above the Bank of England base rate until Dec 2011).
  • Start saving with as little as £1 (for our HiSAVE Savings Account).

More about HiSAVE accounts

We're here to help

Call us 080 81 31 41 51 (freephone from UK landlines).

If you're outside the UK, call +44 203 106 7160.

©ICICI Bank UK PLC 2012. All Rights Reserved.