ICICI - Fixed Rates ... INCREASING FR by 0.35% ???

skoolmaster

ICICI - Fixed Rates ... INCREASING FR by 0.35% ???

ICICI Bank UK
12 MONTH HISAVE FIXED RATE (without early access) withdrawn and replaced paying an increased rate of 5.10% w.e.f. 16.12.08: a 12 month fixed term account with a minimum investment of £1K paying 5.10% on maturity. Earlier access and further additions are not permitted. All transactions via a nominated current account.
16 Dec 2008 emoneyfacts

good to see ICICI Bank UK bucking the current trend and increasing the rate on this 12 month bond by 0.35% to 5.10%.

This market leading bond may appeal to many as fixed and variable rates have started to tumble. With no earlier access or additions permitted, investors need to ensure they can afford to tie up funds for the full term.

eeja

skoolmaster wrote: »

ICICI - Fixed Rates ... INCREASING FR by 0.35% ???

ICICI Bank UK
12 MONTH HISAVE FIXED RATE (without early access) withdrawn and replaced paying an increased rate of 5.10% w.e.f. 16.12.08: a 12 month fixed term account with a minimum investment of £1K paying 5.10% on maturity. Earlier access and further additions are not permitted. All transactions via a nominated current account.
16 Dec 2008 emoneyfacts

good to see ICICI Bank UK bucking the current trend and increasing the rate on this 12 month bond by 0.35% to 5.10%.

This market leading bond may appeal to many as fixed and variable rates have started to tumble. With no earlier access or additions permitted, investors need to ensure they can afford to tie up funds for the full term.

Friend please realise that ICICI itself is not totally secure, at least not over the guaranteed £50K in the UK. In fact their dollar bonds (where rates are lower than with the pound) are trading at an 11-12 percent yield which must say something.

eeja

eeja wrote: »

Friend please realise that ICICI itself is not totally secure, at least not over the guaranteed £50K in the UK. In fact their dollar bonds (where rates are lower than with the pound) are trading at an 11-12 percent yield which must say something.

NB Anglo-Irish now also paying 5.25% for 12 months ....see Moneyfacts

darren72

eeja wrote: »

NB Anglo-Irish now also paying 5.25% for 12 months ....see Moneyfacts

Looks like the Anglo-Irish one is 5.00% according to their own website.

Baldur

darren72 wrote: »

Looks like the Anglo-Irish one is 5.00% according to their own website.

Also shown as 5% on Moneyfacts today - http://www.moneyfacts.co.uk/money/savings/1/short-term-fixed-rate-bonds.aspx

eeja

Baldur wrote: »

Also shown as 5% on Moneyfacts today - http://www.moneyfacts.co.uk/money/savings/1/short-term-fixed-rate-bonds.aspx

LOOK AGAIN !

Fixed Rate Bond 3 Months 4.65 4.73
12 months 5.25 5.25

gozomark

link shows 5% for 12 months

gozomark

ah, eeja is looking at offshore rates....

Baldur

eeja wrote: »

LOOK AGAIN !

I did, and my post was correct.

As pointed out by gozomark, you appear to have been looking elsewhere, rather than the page to which I linked.

eeja

gozomark wrote: »

ah, eeja is looking at offshore rates....

IOM safer than UK for amounts over £50k as no limit on guarantee
Now owned by the Republic of Eire..... or soon to be !

earlgrey_3

eeja wrote: »

IOM safer than UK for amounts over £50k as no limit on guarantee

Assuming it has the resources presumably. Iceland has a population the size of Croydon. I.o.M has a population a quarter of the size of Croydon. (Or about half the size of the Isle of Wight.)

Now owned by the Republic of Eire..... or soon to be !

Must of missed that. As it's a Crown Dependency I hope someone has mentioned it to the Queen.