ICICI Bank – HiSAVE Fixed Rate Account
HiSAVE Fixed Rate Account by ICICI Bank gives you, as described on its iciciukpromotions.com website, up to 4.40% Gross/AER.
In particular, you can get a high fixed interest rate out of your savings according to the following Gross/AER terms:
- 2.75% for 6 months
- 4.00% for 1 year
- 4.35% for 2 years
- 4.35% for 3 years
- 4.00% for 4 years
- 4.40% for 5 years
Your chosen interest rate won’t change during the term, no matter what happens to Base Rate.
You must save a lump sum of at least £1,000 during the term (no maximum).
Interest is paid at maturity on accounts with a term of 1 year or less, while it is paid annually on all other terms.
You cannot make any additional deposits, withdrawals or early closures during the fixed terms.
HiSAVE Fixed Rate Account is an online web access savings account.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Gross is the interest rate payable before the deduction of tax (currently 20%).
