ICICI Bank UK savings rates — compare every account, plus switch offers and guides

Who they are

ICICI Bank UK is a wholly owned subsidiary of ICICI Bank Ltd, an award-winning global bank. The parent was established in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. ICICI Bank UK itself was incorporated in England and Wales on 11 February 2003, initially as a private company, before becoming a public limited company in October 2006.

Today it operates from 10 locations across the UK and has approximately a quarter of a million customers. It serves personal, business and corporate customers, and is particularly well regarded among those who need to move money between the UK and India. Transferring funds within the UK and to India is a core part of what the bank does.

Savings accounts

DepositScout does not currently hold rate data for ICICI Bank UK, so we are not able to show live figures here. What we can tell you is that the bank offers a range of savings options. These include a HiSAVE Savings Account, Notice Savings Accounts with 45 and 95 day notice periods, and a Child Savings Account with daily interest and goal-based planning. Fixed Rate accounts are also available, with terms running from 6 months up to three years.

Accounts can be managed online, by phone or in-branch. That flexibility suits different types of savers, whether you prefer doing everything digitally or would rather speak to someone.

Protection and regulation

ICICI Bank UK is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. It is covered by the Financial Services Compensation Scheme (FSCS), which can pay compensation to depositors if a bank is unable to meet its financial obligations. From 1 December 2025, an eligible depositor is entitled to claim up to £120,000. ICICI Bank UK holds its own UK banking licence and does not appear to share it with any other brand, so your full FSCS allowance applies here.

Is it right for you?

ICICI Bank UK tends to appeal most to savers with a connection to India - it offers a straightforward route to send money home alongside keeping sterling savings. For those simply hunting the best rate on a fixed term or easy-access account, it is worth comparing alongside other providers. Because DepositScout does not currently have rate data for ICICI Bank UK, the live figures on this page are your best starting point for seeing exactly where it stands today.