ICICI also offer bonds for 6 months and 36 months with different rates so there’s bound to be a bond length / interest rate combination that suits you. ICICI UK is authorized and regulated by the Financial Services Authority. The HiSAVE Fixed Rate Account from ICICI offers 3.90% AER giving you great returns on your cash investments. If 3.9% AER isn’t good enough for you then they also offer 4.01% AER on a two year deposit.
ICICI has not tapped the international bond markets since late September 2007, when it reopened Asia’s public G3 bond markets with a US$2bn five-year senior Reg S/144a global. The deal achieved the distinction of being the largest offshore bond transaction from India and Asia’s biggest single-tranche deal from a financial institution. If you can afford to lock your money away for a year or more, ICICI fixed rate bonds are a good way to keep your rates fixed, regardless of the current the state of the Bank of England base rate.
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