Comments on: ICICI Bank HiSAVE Accounts

By: mario

mario — Fri, 02 Mar 2007 16:16:20 +0000

Avoid Icici at all costs, I’m still waiting for my interest and can’t get them to reply to my e-mails.

By: Canadian Capitalist » This and That

Canadian Capitalist » This and That — Mon, 27 Nov 2006 05:02:49 +0000

[...] ICICI Bank Canada does not offer the best high-interest savings account anymore (even for US dollars). Also, as this Toronto Star story points out there are customer service problems at the bank. [...]

By: Kay

Kay — Fri, 10 Feb 2006 19:42:37 +0000

Canadian Capitalist, We are moving to Toronto (from US) in two months and I was looking at various banking options. Looks like the interest rates have gone up since this January. ING offers 3% and ICICI offers 3.25%

Are you having any problems with ING being an internet bank? Can you recommend any other bank to have a checking account, with min. fee?

Thanks!

By: hepman

hepman — Wed, 30 Nov -0001 00:00:00 +0000

Check out Outlook Financial and Acheiva in Manitoba. Both have savings accounts which offer 2.85%. Don’t have any freebee’s for opening an account though.

By: Anonymous

Anonymous — Wed, 30 Nov -0001 00:00:00 +0000

Read some of the experiences that people have had with ICICI before making your decision. I’ve seen some of the posts on redflagdeals.com and they haven’t been too positive.
People have had difficulties in accessing their funds, customer services issues and technical problems with the web site.

By: Anonymous

Anonymous — Wed, 30 Nov -0001 00:00:00 +0000

Arbee, you don’t have an emergency fund. So, I would imagine, you don’t have a lot of money in a savings account. If you do the math, is it really worthwhile moving for a few bucks extra every year.

By: Canadian Capitalist

Canadian Capitalist — Wed, 30 Nov -0001 00:00:00 +0000

Anon: You are right. I don't have a big emergency fund to make a move worthwhile. I am really attracted by the spread in USD accounts though (3% at ICICI vs 2.25% at ING) and I anticipate a big USD cheque twice every year (when selling shares in ESPP).

Anon: Great point. I will definitely check out the feedback before opening an account.

Hepman: I am mainly interested in the high USD interest rate. Maybe, I will just open a USD account.