icici bank
With interest rates as high as 9.5 for a five year investment, this will be a better return than my s+s portfolio at the moment.
A few questions.
1) Although an Indian bank it is governed under UK law via the FSA. What amount of investment do the FSA guarantee?
2) How can I find out if it is a Hindu, Sikh or muslim company? There is no mention that it is sharia compliant from what I have read.
3) Has anybody had any problems with icici? It says on the moneyexpert forum that 41 percent of new accounts run smoothly with about another 50 percent running smoothly after a while. Is this fair compared with more traditional saving accounts?
Thank you.