Will you ditch ICICI?

Bisoy

Hi fellow MSEr's,

Having bombarded with new Top Paying interest products: A & L online saver 5.38% (minimum deposit of £5000 and interest paid monthly) and icesave 5.20% (minimum deposit of £250 either monthly or yearly interest paid)

Will you part company with ICICI?

cheers

realaledrinker

A&L have the same restriction as HSBC - no interest paid in the month of withdrawal.

nrsql

Yes - but not because of the interest rates.

[Deleted User]

nrsql wrote:

Yes - but not because of the interest rates.

Ditto. The wheels are already in motion. Hopefully! :rolleyes:

masonic

Already have, but for my old A&L Online Saver paying 5.4%.

Bisoy

thanks for all your replies guys. I am about to ditch them but would probably leave a £1. Who knows how they react if their army of faithful moneysavers have abandoned them. They are due for an increase in rate, aren't they?;)

[Deleted User]

FYI. See here especially FAQ number 13. Unlucky for some.

masonic

Bisoy wrote:

They are due for an increase in rate, aren't they?;)

They will be forced into increasing their rate by the next base rate rise because of their rate guarantee. I see no reason to formally close the account. It might look attractive again in the future.

Bisoy

I would not close just yet. This is the beauty of being unfaithful to your wife, I mean to your bank.You just need to move your money around.:D

[Deleted User]

Bisoy wrote:

I would not close just yet. This is the beauty of being unfaithful to your wife, I mean to your bank.You just need to move your money around.:D

But is your wife incompetent and makes worrying mistakes?

Further to my own experiences, and the anecdotal evidence of others, I have closed my account completely. The examples of poor customer service and appalling errors have meant that ICICI has lost all credibility in my eyes. They could not pay me enough to save with them again.

They did not shape up, so I have shipped out.

Paul_Herring

I'll just do what I did with ING - leave a nominal amount in, and move it elsewhere (IceSave in this instance)