ICICI fixed rates drop

chewyfat

for the guy above that was the same message I got and:

thanks to Baldur i just checked the interest rate = 7.10% !! YES!!!

mind you as I said in my case I tried to open it on the 6/11/08 just before close of business and my funds were showing up on the easy access a/c...so maybe when I contacted the account manager on 7/11/08 they realised it was their mistake and put a note on my a/c to allow me to get the 7.10% when i resubmitted the request - although they never said this to me.

but again the email I got on 11/11/08 was the one above.

chewyfat

fingers crossed for you AntiClaus

btw - has something about the site changed when you a logged on to your accoun?? I can't figure out why I couldn't find the interest rate before now!?

..I never did like the Hisave site, always thought Icesave's was much simpler and nice.

too bad I couldn't get my Icesave funds into the Hisave one ...still waiting for second Icesave email

apt

The rates have gone down again today.



[FONT=Zurich BT,Arial, Helvetica, sans-serif]


[/FONT]With effect from November 6, 2008, the Bank of England has reduced its base rate from 4.50% to 3.00%. Following this change, the [FONT=Zurich BT,Arial, Helvetica, sans-serif][FONT=Zurich BT,Arial, Helvetica, sans-serif]HiSAVE[/FONT][/FONT] Savings Account and [FONT=Zurich BT,Arial, Helvetica, sans-serif][FONT=Zurich BT,Arial, Helvetica, sans-serif]HiSAVE[/FONT][/FONT] Fixed Rate Account rates have been revised with effect from November 14, 2008, as stated below:


[FONT=Zurich BT,Arial, Helvetica, sans-serif][FONT=Zurich BT,Arial, Helvetica, sans-serif]HiSAVE[/FONT][/FONT] Savings Account

[FONT=Zurich BT,Arial, Helvetica, sans-serif]Monthly Interest Rate Option[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]Yearly Interest Rate Option[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]Gross [/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]AER[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]Gross [/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]AER[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]5.31%[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]5.50%[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]5.50%[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]5.50%[/FONT]

[FONT=Zurich BT,Arial, Helvetica, sans-serif][FONT=Zurich BT,Arial, Helvetica, sans-serif]HiSAVE[/FONT][/FONT] Fixed Rate Account - Without Early Access Facility

[FONT=Zurich BT,Arial, Helvetica, sans-serif]Tenure[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]Interest Rate (Gross)[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]Interest Rate (AER)[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]6 months[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]4.89%[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]4.95%[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]12 months[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]5.75%[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]5.75%[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]24 months[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]5.57%[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]5.42%[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]36 months[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]5.49%[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]5.21%[/FONT]

[FONT=Zurich BT,Arial, Helvetica, sans-serif][FONT=Zurich BT,Arial, Helvetica, sans-serif][FONT=Zurich BT,Arial, Helvetica, sans-serif]HiSAVE [/FONT][/FONT]Fixed Rate Account - With Early Access Facility[/FONT]

[FONT=Zurich BT,Arial, Helvetica, sans-serif]Tenure[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]Interest Rate (Gross)[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]Interest Rate (AER)[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]6 months[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]4.89%[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]4.95%[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]12 months[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]5.40%[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]5.40%[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]24 months[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]5.22%[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]5.09%[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]36 months[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]5.14%[/FONT]
[FONT=Zurich BT,Arial, Helvetica, sans-serif]4.90%[/FONT]

For HiSAVE Fixed Rate Account, this new interest rate would be applied on all accounts opened by us, on receipt of cleared funds, from November 14, 2008. For HiSAVE Savings Account, this new interest rates would be applied for all exisiting and new accounts opened on and after November 14, 2008.

ashbourne

I applied on Tuesday and got this email:

[FONT=Arial, Helvetica, sans-serif]Thank you for your application for HiSave - Fixed Rate Account. We are glad to inform you that we have verified your application details and confirm that you meet our account opening requirements.

To open your account, send us the account opening cheque (If you have applied for HiSAVE Fixed Rate Account than you need to send a minimum 1000 pounds or if you have applied for HiSAVE Savings Account than you need to send a mimimum 1 pound).

Still need to deposit money but i guess i will only get the new rate now??

Whats the best place now for a fixed 1 year!!?
[/FONT]

Kavanne

How long to ICICI take to reply to emails to the address ukdirect@icicibank.com?

Baldur

Kavanne wrote: »

How long to ICICI take to reply to emails to the address [EMAIL="ukdirect@icicibank.com"]ukdirect@icicibank.com[/EMAIL]?

Can't say that I've ever bothered with e-mails; for the occasional enquiry I've always used the secure 'contact account manager' function after logging in to my accounts or telephoned them.

Kavanne

My account isn't opened yet so don't have that function.

I can't really phone them as I am sick as a dog!! If they haven't replied by Monday I will call them (presuming I can speak again, oh dear!!)

Kavanne

Oh dear:

Your HiSave - Fixed Rate Account is not yet opened.

The interest rate applicable to your HiSAVE Fixed Rate Account shall be the interest rate applicable on the date your HiSAVE Fixed Rate Account is opened.

For further assistance, we request you to visit our website www.icicibank.co.uk

You may call our 24-hour toll free Customer Service Centre number 08081314151 for further assistance.

Sincerely,

Vinod Ingle
ICICI Bank UK PLC

How do I cancel my application?
Can I just call my bank and tell them my cheque has been lost and to cancel it?

Kavanne

No from what their email says you get the rate that's advertised when your cheque clears....

LongTermLurker

Kavanne wrote: »

Oh dear:
How do I cancel my application?
Can I just call my bank and tell them my cheque has been lost and to cancel it?

You can always cancel your cheque unless you've guaranteed it, whether lost or not, but they might charge you to do so.

Easier to call ICICI (when you can speak - that would be an interesting conversation if you can't understand each other!) and ask them to cancel the application, although they may tell you it has to go through and you must close your account afterwards ==> significant loss of interest.