Savings Account

HiSAVE Savings Account 0.50% AER

  • Start saving with as little as £1.
  • Easy access to your savings – no withdrawal penalties.
  • Monthly interest payments.

 

 

Product Details

  • Earn a high interest rate on your savings.
  • Easy access to your savings – no withdrawal penalties.
  • Start savings with as little as £1.
  • Monthly interest payments.

 

Regular Savings Plan

Set up regular payments into your attractive interest HiSAVE Savings Account and maximise your spare cash.

 

More about Regular Savings Plan

 

HiSAVE Savings Account 0.50% AER

  • Start saving with as little as £1.
  • Easy access to your savings – no withdrawal penalties
  • Choose monthly or annual interest payments.

 

See our FAQs for more about our HiSAVE Savings Account and HiSAVE SuperSaver Savings Account

 

Download our HiSAVE terms and conditions

 

Jargon Buster

Product Summary

About us

ICICI Bank UK PLC has its registered office at One Thomas More Square, London E1W 1YN. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registration 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 Savings and HiSAVE SuperSaver Savings Account - Issue one

Account provider

ICICI BANK UK PLC – We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registration Number: 223268).

We are 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 businesses – are covered by the scheme.

In respect of deposits, from 1 January 2016, an eligible depositor is entitled to claim up to £75,000. 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 £75,000 each (making a total of £150,000). The £75,000 limit relates to the combined amount in all the eligible depositor’s accounts with us 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 rates

View our current 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?

For a HiSAVE Savings Account interest can be paid monthly (at the end of each month) or annually (on the 31 March each year)

For a HiSAVE SuperSaver Savings Account - Issue one interest is paid monthly (at the end of each month)

Tax on interest

Interest is paid net (ie, taxed) unless you register for tax-free status

Conditions for bonus payable

Not applicable

Withdrawals

No notice required – no penalties.

Access

Applications - please apply online - it'll take less than 10 minutes

Management: you manage your accounts online. Account statements can be viewed and downloaded online.

Contact details

Call us 24/7 on 0344 412 4444 (Calls to this number use free plan minutes if available, otherwise they cost the same as 01/02 prefix calls) or email HiSAVE enquiries

Charges

CHAPS transfer – £20

Physical copy of statement – £5

Physical copy of tax statement – £5

Please read the HiSAVE Account Terms & Conditions before you apply

Interest Rates

HiSAVE SuperSaver Savings Account - Issue one Rates effective from 25 April, 2016 for all customers

 

Product% AER% GrossTax Free
HiSAVE SuperSaver Savings Account - Issue one, monthly interest 1.15% 1.14% 1.14%

 

The interest rate on your HiSave SuperSaver Savings Account - Issue one will be changed from 1.15% AER to 1.00% AER from November 20, 2016.

 

Product% AER% Gross
HiSAVE SuperSaver Savings Account - Issue one, monthly interest (effective from November 20, 2016) 1.00% 1.00%

 

Previous interest

 

HiSAVE Savings Account Rates effective from 01st January 2012

 

Product% AER% Gross% NetTax Free
HiSAVE Savings Account- Monthly Interest 0.50% 0.50% 0.40% 0.50%
HiSAVE Savings Account-Yearly Interest 0.50% 0.50% 0.40% 0.50%

 

 

Previous interest

 

HiSAVE SuperSaver Savings Account Rates effective from 25 April, 2016 for all customers

 

Product% AER% GrossTax Free
HiSAVE SuperSaver Savings Account - monthly interest 1.15% 1.14% 1.14%

 

The interest rate on your HiSAVE SuperSaver Savings Account will be changed from 1.15% AER to 1.00% AER from November 20, 2016.

 

Product% AER% Gross
HiSAVE SuperSaver Savings Account -, monthly interest (effective from November 20, 2016) 1.00% 1.00%

 

Previous interest

 

Jargon Buster