ICICI HiSave Account Update

I posted an update about the problems ICICI bank were having opening new accounts for savers at the start of September.

Well it seems that they have now cleared their backlog of applications, caused by an under-estimation in the level of interest in the account.

It’s worth noting that as the account promises to be 0.25% above the Bank Of England Base Rate, from 1st November it’s interest rate will be cut from 5.4% to 5.15%.

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