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Internet Savings Account Uk

Posted on May 28, 2010.
Internet Savings Account UkUnited Kingdom: High Interest Internet Savings Accounts: ICICI or Icesave - any views on these banks?

I heard that ICICI (a large bank in India) has had some system problems when they established the United Kingdom, but are now OK. Icesave (managed by an Icelandic bank) pays an interest rate slightly better, but their site is reported to be slow due to their current popularity. Any experiences (good or bad) of these banks?

ICICI Bank has a financial strength rating of C-from Moody's and long-term foreign currency credit rating of Baa2 by Moody's and BB + by Standard & Poor's.

Essentially from a point of view of investors, a debt issue is rated junk credit rating agencies both.

For a bank in the UK, the FSCS provides some security (100% on the first £ 2,000 and 90% on next £ 33,000).

Personally, I do not think the extra interest is worth it, but it is yours.

Icesave is rated A2 by Moody's. This acceptable I think. According to its website the Icelandic deposit guarantee is worth a little more when combined with the British system.

I have very good experience with ICICI Bank and I also used the Bank in India and the United Kingdom. It is one of the largest private banks in India and very techno Savy

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