Icici Bank Fixed Deposit Interest Rates
Posted By admin On 19/07/22- Contact Us
- Business
- Current Account
- Savings Account
- Fixed Deposit
- Forex Solutions
ICICI Bank latest FD interest rates (below ₹ 2 crore) for general public. ICICI Bank gives interest rate ranging from 2.5% to 5.50% on deposits maturing in 7 days to 10 years. These rates are. ICICI Bank Golden Years FD Rates (w.e.f 20 may'20) Now get an exclusive additional interest rate of 0.30% per annum on your Fixed Deposits above 5 years tenure Resident Senior citizen customers, will get an additional interest rate of 0.30% for limited time over and above existing additional rate of 0.50%.
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Icici Bank Fixed Deposit Interest Rates 2019
Business Banking Fixed Deposit
Our Business Banking Fixed 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, USD
- Access to your account through the branch
- No requirement of Minimum Deposit
- Maximum deposit £1,000,000 and $1,000,000
Read our terms and conditions for more information.
Customer needs to have Business Current Account to avail these services with us
Product Overview
How to Apply?
- Visit any of our UK branches and meet a Relationship Manager
- Email us on: uk.business@icicibank.com
- You can download and complete the account opening form:
- For existing current account customers here
- For new customers here
Interest Rates
Interest rates of ICICI Bank UK’s Business Banking Fixed Deposit:
Business Banking Fixed Deposit USD Rates (AER/Gross) effective from 23rd November, 2020:
| Term1 | Gross2 | AER3 |
|---|---|---|
| 6 months | 0.35% | 0.35% |
| 1 year | 0.35% | 0.35% |
| 2 years | 0.35% | 0.35% |
| 3 years | 0.35% | 0.35% |
| 5 years | 0.35% | 0.35% |
Business Banking Fixed Deposit GBP Rates (AER/Gross) effective from 23rd November, 2020:
| Term1 | Gross2 | AER3 |
|---|---|---|
| 6 months | 0.25% | 0.25% |
| 1 year | 0.40% | 0.40% |
| 2 years | 0.40% | 0.40% |
| 3 years | 0.40% | 0.40% |
| 5 years | 0.40% | 0.40% |
*Interest paid on AER basis
Gross1 - is the contractual rate of interest payable before the deduction of income tax at the rate specified by law
AER2 stands for annual equivalent rate. A notional rate which illustrates what the gross rate would be if interest was paid and compounded 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. Interest Rates are fixed for Fixed deposit. Interest Rates on Business Banking Fixed Deposit can change periodically. The rate applicable on your deposit will be as prevalent on the date of deposit opening
What would the estimated balance be after 1 year based on a £1000 deposit?
For £1000 invested for 1 year at interest rate of 1.95% (AER), you will earn approximately £19.50 interest (gross). This is applicable when amount is invested for complete year.
Can ICICI Bank UK PLC change the interest rate?
ICICI Bank UK PLC has the right to change the rate of interest. Read the T&Cs for complete information. Click here.
Other Product Information
Additional information | There are no standard charges on Business Banking Fixed 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 http://www.icicibank.co.uk before making a choice. |
Withdrawal | You cannot withdraw money for the term of deposit mentioned above. |
Access | Branch, Relationship Manager |
Key Information
1.Who regulates us?
ICICI Bank UK PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registration Number: 223268).
2.What should you do if you have a complaint?
If you want to make a complaint, please contact us at:
Customer Relations,
ICICI Bank UK PLC,
2nd Floor, One Thomas More Square,
London – E1W 1YN
Or
Email us at ukcustomerrelations@icicibank.com
We will then arrange for a member of the complaints team to investigate and respond to you immediately.
3.Are we covered by the Financial Services Compensation Scheme (FSCS)?
ICICI Bank UK PLC is 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.
Hisave Accounts
Icici Bank Fixed Deposit Interest Rates Refinance
HiSAVE Savings Account – Online
HiSAVE Savings Account Rates effective from 01st January 2012
| % AER | % Gross |
|---|---|
HiSAVE Savings Account- Monthly Interest | 0.50% |
0.50% |
For more information, please visit http://www.icicibank.co.uk/personal/hisave-accounts/hisave-savings-account.page?#int
HiSAVE Fixed Rate Account – Online
For more information, please visit http://www.icicibank.co.uk/personal/hisave-accounts/hisave-fixed-rate-account.page?#ann
HiSAVE Bonus Saver Account – Online
HiSave Bonus Saver Rates effective from 17th January 2019 for Application received from 17th January 2019.
| Period | Balance | Standard variable Interest rates (AER / Gross) | Bonus Interest rates** (AER / Gross) | Interest including bonus (AER / Gross) |
|---|---|---|---|---|
| From 22nd August 2020 Onwards | 1 GBP and above | 0.65% AER (0.65% Gross) | 0.30% | 0.95% AER (0.95% Gross) |
| From 1st August 2020 to 21st August 2020 | 1 GBP and above | 0.90% AER (0.90% Gross) | 0.30% | 1.20% AER (1.19% Gross) |
| From 17th January 2019 to 31st July 2020 | 1 GBP and above | 1.25% AER (1.24% Gross) | 0.30% | 1.55% AER (01.54% Gross) |
** Bonus Interest Rate would be applicable for Bonus Period only, which is from 12 month from account opening.
HiSAVE Super Saver Savings Account – Online (closed)
HiSave SuperSaver Savings Account Rates effective from 22th August 2020 for all customers
| % AER | % Gross |
|---|---|
HiSAVE SuperSaver Savings Account monthly interest | 0.65% |
HiSave SuperSaver Savings Account - Issue one Rates effective from 22th August 2020 for all customers.
| % AER | % Gross |
|---|---|
HiSAVE SuperSaver Savings Account - Issue one, monthly interest | 0.65% |
Accounts opened prior to 1st September, 2017.
Please note, in your statement, this account is mentioned as “Normal Savings Account”. Please refer to date of account opening for product version.
For more information, please visit http://www.icicibank.co.uk/personal/hisave-accounts/hisave-fixed-rate-account.page?#ann
HiSAVE Super Saver Savings Account - Bonus Saver – Online (Closed)
HiSave SuperSaver Savings Account – Bonus Saver
| Standard variable Interest rates (AER / Gross) | Bonus Interest rates** (AER / Gross) | Interest including bonus (AER / Gross) |
|---|---|---|
| Less than £500 | 0.65% ( 0.65% Gross) | 0.65% ( 0.65% Gross) |
0.65% ( 0.65% Gross) | 1.25% ( 1.24% Gross) |
** Bonus Interest Rate would be applicable for Bonus Period only, which is from 1st September, 2017 to 30th September, 2018.
- Interest is calculated daily and credited to the account monthly.
- The standard variable interest is accrued daily and only the standard variable interest will be paid in any month where the balance is less than the set criteria of £500.
- Bonus Interest is accrued daily and will be paid along with the standard variable interest in any month where balance is above minimum set criteria of £500.
Accounts opened from 1st September, 2017 to 31st January 2018.
Please note, in your statement, this account is mentioned as “Normal Savings Account”. Please refer to date of account opening for product version.
For more information, please visit http://www.icicibank.co.uk/personal/hisave-accounts/hisave-sssbs-savings-account.page?#int
HiSAVE Bonus Saver Account – Series Two – Online (Closed)
Hisave Bonus Saver – Series Two
| (AER / Gross) | Bonus Interest rates** (AER / Gross) | Interest including bonus (AER / Gross) |
|---|---|---|
| Less than £750 | 0.65% ( 0.65% Gross) | 0.65% ( 0.65% Gross) |
0.65% ( 0.65% Gross) | 1.35% ( 1.34% Gross) |
** Bonus Interest Rate would be applicable for Bonus Period only, which is from 1st February, 2018 to 31st January, 2019.
- Interest is calculated daily and credited to the account monthly.
- The standard variable interest is accrued daily and only the standard variable interest will be paid in any month where the balance is less than the set criteria of £750.
- Bonus Interest is accrued daily and will be paid along with the standard variable interest in any month where balance is above minimum set criteria of £750.
Accounts opened from 1st February 2018 to 31st May 2018.
Please note, in your statement, this account is mentioned as “Normal Savings Account”. Please refer to date of account opening for product version.
For more information, please visit http://www.icicibank.co.uk/personal/hisave-accounts/hisave-bonus-saver-series-two.page?#toptitle
Branch Based Account
Branch – SuperSaver Savings Account
Branch based SuperSaver Savings Account - from 05 September, 2020 for all customers
| % AER | % Gross |
|---|---|
SuperSaver Savings Account - monthly interest | 0.75% |
Please note, SuperSaver Savings Account links to your ICICI Bank UK HomeVantage Current Account.
For more information, please visit http://www.icicibank.co.uk/personal/hisave-accounts/hisave-savings-account.page?#int