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Scheduled maintenance: We have a scheduled maintenance on 13 Sep 2026, between the hours of 02:00 AM BST to 07:00 AM BST, and faster payment services will be impacted. You may use the services once they are up.

BEST FOR

People seeking flexible returns

  • Earn interest monthly

  • No minimum balance

  • Individual and joint accounts

  • Multiple withdrawals & transfers

  • Online and phone banking access

Why get it from us?

  • Monthly interest

    Earn interest on your savings every month to help your money grow consistently.

  • No minimum balance

    Save without worrying about maintaining a minimum balance in your account.

  • Unlimited withdrawals

    Withdraw funds anytime with no penalties or restrictions for full flexibility.

  • Online & phone banking

    Easily manage your account and transfers anytime through online or phone banking.

  • Individual & joint accounts

    Open accounts for yourself or jointly with another person for added convenience.

How to apply

About

Interest rates

Savings Account Rates effective from 21st January 2026 for all customers

Monthly Interest Rates AER Gross
Savings Account 1.75% 1.74%

Click here for interest rate history

AER– AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

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

Kindly Note - Interest is calculated on daily basis. The standard variable interest is accrued daily and credited to the account monthly.

Withdrawing your money

  • Withdrawals can only be made to the linked ICICI Bank UK Current Account
  • Withdrawals can be requested online and through a branch
  • No restrictions on the number of withdrawals made
  • No notice period required for withdrawals
  • No penalty on withdrawals

Additional information

There are no standard charges on 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 in our website http://www.icicibank.co.uk before making a choice.

Additional information

ICICI Bank UK PLC offers no standard charges on the Savings Account. However, charges are levied for certain services/facilities used for the day-to-day running of your account. We recommend that you review the Rates and Charges Schedule at http://www.icicibank.co.uk before making a decision.

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).

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 1st December 2025, an eligible depositor is entitled to claim up to £120,000. 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 £120,000 each (making a total of £240,000). The £120,000 limit relates to the combined amount in all the eligible depositors' 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 that only compensation-related queries should be directed to the FSCS.

FAQs

What is the ICICI Bank UK Savings Account?

The ICICI Bank UK Savings Account is a monthly interest savings account linked to your ICICI Bank UK Personal Current Account. It helps you save easily and access your money anytime.

How do I set up regular transfers?

To set up regular transfers to your Savings Account, you have to hold an operational Personal Current Account. To set up standing instructions on your Current Account, please access your account online or enquire with our branch staff.

Can ICICI Bank UK PLC change the interest rate?

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

  • ICICI Bank UK PLC will keep you informed about changes in the interest rates on your Account/s by sending you a personal notice within 30 days of the change.
  • If ICICI Bank UK PLC reduces the interest rate to your disadvantage, you will be given 30 days prior notice and if you wish, we will close your Account or help you switch your Account to a Bank of your choice.
  • Read the T&C for complete information.

What would the estimated balance be after 12 months based on a £1000 deposit?

For £1000 invested for 12 months at interest rate of 1.75% (AER), you'll earn approximately £17.5 interest (gross). This is applicable when amount is invested for complete year and the interest is not withdrawn from the account.

How can I manage and transfer money in my account?

You can manage your Savings Account through online or phone banking. You can also set up regular monthly transfers from your linked Personal Current Account.