icici rate increase email

shazkhan111

i emailed icici to see if their rate was going to increase ..... this is what i got

Dear Sir/Madam,

We thank you for writing to us.

Our current rate of interest is 5.15% AER.

Any revision in interest rate will be published in our website. We currently do not have any further information to share for public notice.

Regards,
Mrunal Ghate
ICICI Bank UK Ltd.

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nrsql

I would have been surprised if it had increased.
Suspect this was a loss (or less profit) leader to gain market share and they were probbaly hoping that interest rates would have caught up before now.

It's guaranteed .25% above boe untill 31 Dec 07 so they are ok at the moment. Even at the guarantee rate it's not bad.

masonic

By now, I'm fairly convinced the rate is staying put. So much so I have just moved all of my ICICI funds to my A&L Online Saver Issue 2 with the bonus, now paying 5.4%.

DocProc

Or even 4.5%

masonic

DocProc wrote:

Or even 4.5%

No really, 5.4%. First line.

humfer

As they are still very competitive at 5.15% I doubt they will move soon

montycat_2

masonic wrote:

No really, 5.4%. First line.

What do they mean by "closed Issue"?

Just wondering .

masonic

montycat wrote:

What do they mean by "closed Issue"?

Closed Issue = No longer available to new customers.