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ICICI HiSave interest rates cut
d00fus
Posts: 52 Forumite
Pretty hefty cut in the interest rate on the HiSave account, from 2.45% to 2%. From the email:
Over the past 12 months the Bank of England Base Rate has fallen by 4.50%. During the same period the HiSAVE Savings Account interest rate has been reduced by a lesser amount (just 4.16%) and also remains well above the current Base Rate (which is just 0.50%).
Some of the fixed rates have gone up though, see http://www.icicibank.co.uk/home_hisave.html.
Over the past 12 months the Bank of England Base Rate has fallen by 4.50%. During the same period the HiSAVE Savings Account interest rate has been reduced by a lesser amount (just 4.16%) and also remains well above the current Base Rate (which is just 0.50%).
Some of the fixed rates have gone up though, see http://www.icicibank.co.uk/home_hisave.html.
0
Comments
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sort of a banking wide phenomenon. how is the question on their stability nowadays?
not bust yet unlike the 'safer' british banks0 -
Just got the email myself.
If they go below 2% I'll start looking around to switch.0
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