Sep 8, 2009

ICICI UK Fixed Deposit Rates

ICICI UK Fixed Deposit Rates

Fixed Deposit Rates highlights one of the latest highest and best UK fixed deposit rates available from banks and financial institutions in the United Kingdom (UK).

ICICI UK fixed deposit rates are for information and your interest. You are advised to re-confirm UK fixed deposit rates with bank in the United Kingdom if you intend to invest cash in such financial investments.

ICICI UK fixed deposit rates apply for depositors who are 18 years old and above and who reside in the United Kingdom. Other terms and conditions apply.

ICICI UK fixed deposit rates are shown in the table below.

ICICI UK Fixed Deposit RatesTerm | % Gross | % AER | % Net Rate | % Tax Free
6 months 1.99%  2.00% 1.59% 1.99%
12 months 3.45% 3.45% 2.76% 3.45%
18 months 3.60% 3.60% 2.88% 3.60%
24 months 4.35% 4.35% 3.48% 4.35%
36 months 4.60% 4.60% 3.68% 4.60%
48 months 4.50% 4.50% 3.60% 4.50%
(rates subject to change.)

Read about other bond rates at UK Fixed Rate Bonds.


Annual Equivalent Rate (AER). This is a notional rate which illustrates the gross interest rate as if paid and compounded on an annual basis.

Gross Rate. This means the interest rate you are paid before the deduction of income tax.

Net Rate. This is the rate of interest which would be payable after allowing for the deduction of income tax at the specified rate of 20% at present. Thus it is the rate after the deduction of tax applicable to interest. Higher rate tax payers will have an additional liability.

Tax Free Rate. This is the contractual rate of interest payable where interest is exempt from income tax. For residents whose income is below their annual tax free income limit, tax exemptions can be obtained by submitting a R85 form from HM Revenue and Customs.

ICICI UK fixed deposit rates are subject to change at any time as banks may vary their fixed deposit rates promotions without giving notice. By reading this news on UK fixed deposit rates that we present, you signal that you have read and understood and accept all points listed in our fixed deposits rates blogspot disclaimer.

Fixed deposit rates and savings interest rates quoted here are subject to change without any notice.

Before investing money or cash in deposit accounts and financial products, verify fixed deposit rates and all interest rates with bank or financial institution.


Visit UK Fixed Rate Bonds for more great rates!


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Fixed Deposits Rates

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