ICICI Bank UK

Super Saver

Earn 0.75% interest on days when balance in your account is Ł500 or above, with the money available for withdrawal whenever you want.

Credit Interest	Supersaver
AER (variable)	0.75%
Gross	0.75%
Net	0.60%
Tax Free	0.75%

Note: It is available only in GBP

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

24X7 online and phone banking

Your SuperSaver Account gives you 24X7 access to move money to and from your linked Current Account. You can set up regular monthly transfers as well. You can also pick up the phone to speak to a Phone Banking Officer anytime on our freephone 08081314151.

Click here for interest rate history

Gross Rate: It is the contractual rate of interest payable before the deduction of income tax at the rate specified by the applicable laws which is 20% currently. Thus, it is the rate before the deduction of tax applicable to interest on savings.

Net Rate: It is the rate of interest which would be payable after allowing for the deduction of income tax at the specified rate of 20% at present. Thus it is the rate after the deduction of tax applicable to interest. Higher rate tax payers will have an additional liability.

Tax Free Rate: It is the contractual rate of interest payable where interest is exempt from income tax. For residents whose income is below their annual tax free income limit, tax exemptions can be obtained by submitting a r85 form from HM Revenue and Customs.

AER: AER is the Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded each year It is a notional rate which illustrates the contractual interest rate (excluding any bonus payable) as if paid and compounded on an annual basis. Thus it is a notional rate which illustrates what the gross rate would be if interest were paid and compounded each year.