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HiSAVE Fixed Rate Account up to 2.99% AER

  • Earn a fixed interest rate on your savings for the full term.
  • Invest a minimum lump sum deposit of £1,000 (there’s no maximum limit on deposits).
  • No withdrawals, early closures or additional deposits can be made during the fixed term.

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HiSAVE Fixed Rate Account

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High fixed interest savings

  • Choose a term of 6 months or 1 year.
  • Select either monthly or annual interest payment.

Renewing your Fixed Rate Account

  • Renew your Fixed Rate Account (also called a Fixed Rate Bond) on maturity by selecting the ‘auto-renewal’ feature at the time of applying.
  • We’ll contact you at least 45 days before maturity to discuss your re-investment options.
  • If no renewal instruction is received from you before maturity, we’ll transfer your savings to a HiSAVE Savings Account on maturity. If you don’t already hold one, we will open one for you.

Existing HiSAVE Fixed Rate Account holders


See our FAQs to find out more about our HiSAVE Fixed Rate Account

Download our HiSAVE terms and conditions

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Key product information for the HiSAVE Fixed Rate Account

About us ICICI Bank UK PLC has its registered office at One Thomas More Square, London E1W 1YN. It is authorised and regulated by the Financial Services Authority (Reference Number 223268).It is subject to the laws of England and Wales. It is registered in England and Wales as a public limited company (Registration Number 04663024).
Account Name HiSAVE Fixed Rate Accounts: 6 months and 1 year terms.
Interest rates View our annual interest rates
View our monthly interest rates
How is interest calculated? Interest is calculated on a daily basis on the total balance in your account at the relevant gross rate.
How is interest paid?

After your HiSAVE Fixed Rate Account matures, interest will be paid to your HiSAVE Savings account. In case you don’t have a HiSAVE Savings account, we will open one for you.

Interest can be paid monthly (on the last day of each month: if the last day is not a working day, we will pay the interest on the next working day) or annually (on the anniversary of account opening). Please note annual interest is replaced with interest at maturity for terms of one year or less.
Tax on interest Interest is paid net (i.e. taxed) unless you register for gross interest.
Our interest rate guarantee for existing customers On renewal of your HiSAVE Fixed Rate Account, you will get the benefit of the higher interest rate even if the rates go up or down during the period of 45 calendar days to 2 working days before maturity.
Loyalty Bonus for existing customers

Earn a Loyalty Bonus interest rate of 0.05%.

Applicable to all HiSAVE Fixed Rate Accounts renewed in the period between 45 to 2 days prior to maturity

Click here for FAQs

Click here for Terms & Conditions
Withdrawals No withdrawals can be made during the fixed term.
Access

New customers: please apply online. It'll take around 10 minutes.
Existing customers: please log in and click 'Apply for a HiSAVE Fixed Rate Account'. Or, call us on 080 81 31 41 51 (freephone from UK landlines).

Management: you manage your accounts online.
 
Term % AER % Gross % Net Tax Free
6 months 1.50% 1.49% 1.19% 1.49%
1 Year 2.99% 2.99% 2.39% 2.99%

Previous interest

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Earn Loyalty bonus interest rate of 0.05%. Click here for details

 
Term % AER % Gross % Net Tax Free
6 months 1.50% 1.49% 1.19% 1.49%
1 Year 2.99% 2.95% 2.36% 2.95%

Previous interest

Jargon Buster

Earn Loyalty bonus interest rate of 0.05%. Click here for details

Save with confidence

Our capital adequacy ratio is 29.81% as on September 30, 2011.

More about ICICI Bank UK PLC

Calculate your interest

Enter the amount you want to save, choose your saving term and see how much interest you could earn.

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We're here to help

Call us on 080 81 31 4151
(freephone from UK landlines).

If you're outside the UK, call +44 207 942 0788

Email: ukdirect@icicibank.com

©ICICI Bank UK PLC 2012. All Rights Reserved.
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