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ICICI Hi-Save 6.30% from 23rd JULY

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Comments

  • exel1966
    exel1966 Posts: 5,060 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    And 8 days before most other organisations increase their even lower rates. I know which one I'd sooner have !!
  • samuela66
    samuela66 Posts: 1,203 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Hi,

    I have just sold my house and have £70,000 to save, I have put 20,000 into icesave and 50,000 into my new hsbc online save, would i be best to move it across to icesave and leave it there :confused:

    thanks
    Sam B
  • crossleydd42
    crossleydd42 Posts: 1,065 Forumite
    ......and likely to go up again with this latest rate rise of 0.25%! Yippee for savers (but not so good for borrowers, I admit).
    "Some say the cup is half empty, while others say it is half full. However, this is skirting around the issue. The real problem is that the cup is too big."
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Part of the Furniture Combo Breaker
    samuela66 wrote: »
    Hi,

    I have just sold my house and have £70,000 to save, I have put 20,000 into icesave and 50,000 into my new hsbc online save, would i be best to move it across to icesave and leave it there :confused:

    thanks

    How long are you saving it for? Dont HSBC remove a months interest if you move your money away from them.
  • exel1966
    exel1966 Posts: 5,060 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    samuela66 wrote: »
    Hi,

    I have just sold my house and have £70,000 to save, I have put 20,000 into icesave and 50,000 into my new hsbc online save, would i be best to move it across to icesave and leave it there :confused:

    thanks

    What rate are you getting from HSBC ? Why not put the rest into ICICI paying a better rate then Icesave ? Are you 60+ ? If so use Coventry 60+, they pay the highest (so far), but it's a fixed rate til 06/08. Do you want to play ULTRA safe ? If so spread the money about among 2-3 accounts.
    It's not quite as easy as YES/NO, move it or not. You need to provide more info.
  • Biggles
    Biggles Posts: 8,209 Forumite
    1,000 Posts Combo Breaker
    crossleydd42 wrote: »
    ......and likely to go up again with this latest rate rise of 0.25%!
    No, that is the latest rise of 0.25%.
  • samuela66
    samuela66 Posts: 1,203 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Hi All,

    Sorry for not giving much info, I am 40, not planning on spending it for prob 2 years, I have the icic account but found it problematic logging in etc..... just didnt like the site, happy with Ing and happy with icesave, also just applied for sainsburys account, dont think i fancy getting my interest yearly, only put this money into the accouts yesterday, also got an isa,

    thanks sam:p
    Sam B
  • Brian-S_3
    Brian-S_3 Posts: 1 Newbie
    I have just opened an ICICI HiSave Account and would like to know why it takes EIGHT days to transfer money into this account.
    :confused:
  • anniecave
    anniecave Posts: 2,476 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    hsbc online saver is variable (I think) so I would wait and see if it goes up
    I would try and keep no more than £30K in each organisation (bacause of the max payout rules under the financial services compensation scheme if organisations go under)
    alliance & leicester's direct saver might be worth a look if they increase the rates with this rate rise
    Indecision is the key to flexibility :)
  • gt94sss2
    gt94sss2 Posts: 6,185 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    anniecave wrote: »
    hsbc online saver is variable (I think) so I would wait and see if it goes up

    Based on previous experience I expect HSBC to increase rates on the 6th August..

    Regards
    Sunil
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