Please be advised in order to keep our systems up to date and to carry out essential/routine maintenance, there will be a scheduled downtime across our network From 17 July 2024, between the hours of 11:00 pm GMT to 18 July 2024 01:00 am GMT and you will be unable to access your debit card. We are sorry if this affects you. You may use the services once they are up.


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What Does ICICI Bank UK’s SuperSaver Term Deposit Offer?


Our SuperSaver Term Deposit is a savings option which pays you a fixed rate of interest for a fixed term.

  • Save with a fixed interest rate for a term of 6 months, 1 year, 2 years, 3 years or 5 years
  • Deposit GBP, US Dollars
  • Access to your account through the branch or over the phone
  • Minimum deposit required is GBP 1,000, USD 1,000 and no maximum limit.

No withdrawals, early closures or additional deposits can be made during the fixed term.

Product Overview

A Secure Fixed Term Deposit Account

  • Earn a fixed interest rate on your savings for the full term
  • Invest a minimum of £1000 (there is no maximum)
  • Access to your account – online or phone

Find out more in our SuperSaver Term Deposit FAQs.

Flexible saving options

  • Choose to save in GBP or US Dollars
  • Select a savings term of 6 months, 1 year, 2 years, 3 years or 5 years
  • Open an account individually or jointly.

Please see our terms and conditions.

USD Rates effective from 5th January 2024  

Term Gross2 AER3
6 month 4.50% 4.50%
1 year 4.25% 4.25%
2 years 3.75% 3.75%
3 years 3.75% 3.75%
5 years 3.75% 3.75%

Click here for interest rate history

 GBP Rates effective from 5th January 2024

Term Gross2 AER3
6 month 4.60% 4.65%
1 year 4.25% 4.25%
2 years 3.50% 3.50%
3 years 3.50% 3.50%
5 years 3.50% 3.50%

Click here for interest rate history

Term2- Terms other than six months , 1 year, 2 years, 3 years or 5 years are not available for new deposits.

Gross2 - Gross is the rate of interest before the deduction of the tax applicable to interest on savings account.

AER3 - AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Note: Interest is paid gross. If you are a UK tax payer you may have to pay tax on interest earned in excess of your Personal Savings Allowance. For information and guidance, please refer to the HMRC website.

You are eligible to open a SuperSaver Term deposit if you:

  • Are 18 years or above
  • Hold a HomeVantage Current Account with ICICI Bank UK
  •  Satisfactory identity and address verification

  • To Apply Online: Visit and log on to internet banking. Go to Instant Services > Open SuperSaver Term Deposit and place a request to open a SuperSaver Term deposit. Alternatively download our iMobile app, and tap on “New Product and Services” > tap on “Open SuperSaver Term Deposit” ·
  • Visit any one of ICICI Bank UK branches
  • Call our Customer Service Centre on 0344 412 4444 (Calls to this number use free plan minutes if available, otherwise they cost the same as 01/02 prefix calls).
  • We will inform you when we receive your application and if your application has been approved.

For £1000 invested for 1 year at interest rate of 4.25% (AER), you will earn approximately £42.5 interest (gross). This is applicable when amount is invested for complete year.

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

  • ICICI Bank UK PLC has the right to change the rate of interest.
  • Interest rate on SuperSaver Term Deposit is fixed for term and will not be changed during the tenor. For other savings account please read our  terms and conditions.
  • No withdrawals, early closures or additional deposits can be made during the fixed term.
  • Read the T&C for complete information.

Withdrawals are not permitted for the term of deposit
Premature closure of a Term Deposit is allowed before the end of the agreed term however this may result in loss of interest..

There are no standard charges on SuperSaver Term Deposit 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 before making a choice.

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 30 January 2017, an eligible depositor is entitled to claim up to £85,000. 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 £85,000 each (making a total of £170,000). The £85,000 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 or call the FSCS on 0800 678 1100 or 020 7741 4100. Please note only compensation related queries should be directed to the FSCS.


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