ICICI Bank has revamped its fixed rate bonds by offering a selection of bonds ranging from 6months to 5 years and paying upto 4.4% far higher than the competition which ranges up from just 0.5% upto typically 3%, this is set against continuing retail prices deflation which implies little sign of significantly higher base interest rates for the rest of of this year.

ICICI Fixed HISAVE Savings Accounts / Bonds Key Facts

Minimum investment of £1,000
Account online opening and management.
Can open multiple fixed rate bonds, each bond cannot be added to after initial deposit.
ICICI registered and authorised by the FSA, and a member of the Financial Services Compensation Scheme that protects the first £50k of savings.

The ICICI has consistently proven itself to be one of the highest paying banks as my article of August 2008 illustrated when the account was paying a fixed rate of 7.2%, those that locked in that high interest rate must be now laughing all the way to the bank!

By Shahla Walayat

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