HiSAVE Savings Account
0.50% AER

  •                  Best Online Savings
                     Account Provider 2010

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How it works:

  • Start saving with just £1
  • Earn a interest on your savings
  • Get easy access with no penalties for withdrawals
  • Choose monthly or annual interest
  • Please note:
    Only one HiSAVE Savings Account is allowed per person.

Read the terms and conditions

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Product % AER % Gross % Net % Tax Free
Savings Account- Monthly Interest 0.50% 0.50% 0.40% 0.50%
Savings Account-Yearly Interest 0.50% 0.50% 0.40% 0.50%
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Annual Equivalent Rate (AER)
This is a notional rate. It shows the gross interest rate if interest was paid and compounded on an annual basis.

Gross rate
Interest earned before the deduction of the basic tax rate (currently 20%).

Net rate
Interest earned after the deduction of the basic tax rate (currently 20%).
 
Annual Equivalent Rate (AER)
This is a notional rate. It shows the gross interest rate if interest was paid and compounded on an annual basis.

Gross rate
Interest earned before the deduction of the basic tax rate (currently 20%).

Net rate
Interest earned after the deduction of the basic tax rate (currently 20%).
 
Key product information for the HiSAVE Savings Account  
Account Name HiSAVE Savings Account Apply now
Account provider ICICI Bank UK PLC - We are authorized and regulated by the Financial Services Authority (the FSA) and registered in the FSA register under the firm registration number 223268. We are a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. For further information please contact us or visit the Financial Services Compensation Scheme website at: www.fscs.org.uk. Our registered office address is ICICI Bank UK PLC, One Thomas More Square, London E1W 1YN.
Interest rates View our current interest rates
How is interest calculated? Interest is calculated on a daily basis on the total balance in your account at the relevant gross rate.
How is interest paid? Interest can be paid monthly (at the end of each month) or annually (on the 31 March each year).
Tax on interest Interest is paid net (ie, taxed) unless you register for tax-free status
Conditions for bonus payable Not applicable
Withdrawals No notice required
Access Applications - Apply online - it'll take less than 10 minutes
Management: accounts are managed online. Account statements can be viewed and downloaded online.
Contact details Call us at 08081 31 41 51 (free phone) or email at ukdirect@icicibank.com
Charges CHAPS transfer – GBP 20
Physical copy of statement – GBP 5
Physical copy of tax statement – GBP 5
Please go through HiSAVE Savings Terms & Conditions before you apply

  • Save with confidence

    Our current capital adequacy ratio is 29.81% as on September 30, 2011.

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  • Calculate your interest

    Enter how much you want to save, choose a time period and see how much interest you can earn.

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  • Regular savings plan

    Set up regular payments into your HiSAVE Savings Account and maximise your spare cash.

    Find out more
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Use this calculator to work out how much your savings would earn with an ICICI Bank HiSAVE Fixed Rate Account. You can also compare our interest rates with other banks’ interest rates.
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