Power Your Plans with HiSAVE Account

The HiSAVE Savings Account is an online Savings Account that allows you to save and manage your money digitally. It offers a seamless application process, flexible access to your funds, and competitive interest features, making it a convenient way to build your savings.

Joint account holders need to have a shared Current Account either with us or with another UK bank. This is required so we can link your joint HiSAVE account to your joint Current Account

Each account holder must be able to use the joint account on their own, without the permission of the other account holder

If there is a disagreement between joint account holders, one or both of you should promptly contact us in writing

From the date we receive and acknowledge the correspondence, anything to do with your account has to be authorised by both account holders.

For £1000 invested for 12 months at interest rate of 1.25% (AER*), you'll earn approximately £12.5 interest (Gross**). This is applicable when amount is invested for complete year and the interest is not withdrawn from the account.

*AER stands for Annual Equivalent Rate and illustrates. This shows the gross interest rate if interest was paid and compounded on an annual basis.

** Gross is the rate of interest before the deduction of the tax applicable to interest on savings account.

ICICI Bank UK PLC has the right to change the rate of interest.

Yes, the standard variable rate can be changed.

As per Hisave Terms and Conditions 11.10.2,  we will communicate any change in interest rate to you by posting it on the Website, informing the Customer Service Centre and writing to you by email in the following ways:

If the change is to your advantage, we will tell you within 30 days of the change.

If a change in interest rate is not to your advantage, we will always notify you in advance of the change taking effect

For Easy access Savings Accounts, we will inform you before any other changes about in advance a period of 30 days.

Where we reduce the interest rate on your account you will have an option to close your account (subject to that account’s terms and conditions) without incurring charges or loss of interest or switch to another account (subject to the terms and conditions of your existing HiSAVE and new account). If you wish to switch or close your account,please inform us accordingly.

Read the T&C for complete information.

You can make online withdrawals from your HiSAVE account by transferring money to your nominated Current Account.

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

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

For more information read our FAQs and Terms and Conditions