ICICI Bank UK is authorised to change the standard monthly variable rate. However, in doing so, we will inform you about any changes in advance.

If the change is to your advantage, you will be informed within 30 days from the date of change. Under other circumstances, we will intimate you before the change takes effect.

For Notice Savings Accounts, a period of 14 days plus the withdrawal notice period will be applicable.
For instance, a 45-day Notice Savings Account the revised interest rate will be effective after a period of 14 days plus 45 days. The new interest rate for a 95-day Notice Savings Account will take effect after a period of 14 days plus 95 days.

Please note: In case of reduced interest rate, you will have the option to close your account (subject to terms and conditions), without incurring charges or loss of interest. You can also choose to switch to another account (subject to the terms and conditions of your existing and new account).

You can call our customer care centre 24/7 on 0344 412 4444 or email your queries to ukdirect@icicibank.com.

On an amount of £1000, deposited for 12 months at standard variable interest rate of 4.50% (AER), you'll earn an interest of approximately £45.00.

The above example is applicable when amount is deposited for complete year(12 months) and is not withdrawn from the account

Minimum £1; There is no maximum amount.

• Yes, Withdrawals are only available subject to 45 days notice or 95 days.
• Withdrawals can only be made in the form of transfers to your nominated linked current account.
• Withdrawals are permitted once the notice is served.
• The notice period is based on calendar days and begins the day we receive your withdrawal request. If you initiate transaction on non-business day, the notice period will start from next business day
• Your money will be transferred on the expiry of the notice date, which must be a business day, if the notice period is ending on non-business day, the transfer will be done on next business day, in accordance with the General Terms and Conditions.

Account can be closed by giving notice period mentioned in your product (either 45 Days or 95 Days)

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 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.