ICICI increases 1 Year Fixed Term Deposit rate to 2.02%

Update: This fixed term deposit is no longer available. Please visit our marketplace to choose an alternative savings product.

Having launched their 1 Year Fixed Term Deposit through the Raisin UK savings marketplace in June, we’re delighted to announce that ICICI Bank has raised the rate on this FSCS protected fixed term deposit, from 1.95% to a very competitive 2.02% AER.

In addition to the attractive returns on this fixed term deposit, you can also claim a bonus of up to £80 for funding a savings product with us.

ICICI Bank UK is ‘raisin‘ the bar

Established in the UK in 2003, ICICI Bank has an extensive history comprising over 60 years of experience in providing financial services to individuals and businesses, spread across 17 countries. They promote an ethical approach to banking through corporate social responsibility by engaging in human and economic development.

ICICI Bank is regulated by the Financial Conduct Authority and Prudential Regulation Authority, and the fixed term deposits that they offer through our marketplace are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person, per banking group.

Don’t miss the next rate increase

The Raisin UK savings marketplace is home to a range of competitive fixed term deposits from a variety of partner banks, with new savings products due to be added in the future. If you don’t want to miss out on future offers; subscribe below to receive email notifications.

This article may contain information about partner banks, savings accounts, rates and bonus offers which were correct at the time of publication on 16th August 2018.