ICICI Bank
- Thread starter Papi Chulo
- Start date
they have the worst customer service since i have a u.s. savings account with them. but then again i wouldn't expect much from an indian bank anyway.
avoid at all costs.
avoid at all costs.
I use ICICI but only online.
They are a member of CDIC.
People often say that the CDIC insurance limit is $100k per person per institution but this is wrong.
For example, one can have $100k in a GIC and also have another $100k in an RRSP GIC and be covered by CDIC.
The GICs must mature in 5 years or less.
http://www.cdic.ca/1/6/0/8/index1.shtml
Many people deposit money into more than one account or financial product. For example, you might have a personal chequing account, a joint savings account with your spouse, as well as a GIC that is registered in an RRSP. CDIC takes this into account. We calculate insurance payments separately (up to $100,000, including principal and interest) for EACH of the following . . .
* Savings held in one name
(personal, business or other organization)
* Savings held in trust
* Savings held in an RRSP
* Savings held in a RRIF
* Savings held for paying realty taxes on mortgage payments
* Savings held in more than one name (joint deposits)
What's Covered, What's Not?
http://www.cdic.ca/1/5/2/7/index1.shtml
They are a member of CDIC.
People often say that the CDIC insurance limit is $100k per person per institution but this is wrong.
For example, one can have $100k in a GIC and also have another $100k in an RRSP GIC and be covered by CDIC.
The GICs must mature in 5 years or less.
http://www.cdic.ca/1/6/0/8/index1.shtml
Many people deposit money into more than one account or financial product. For example, you might have a personal chequing account, a joint savings account with your spouse, as well as a GIC that is registered in an RRSP. CDIC takes this into account. We calculate insurance payments separately (up to $100,000, including principal and interest) for EACH of the following . . .
* Savings held in one name
(personal, business or other organization)
* Savings held in trust
* Savings held in an RRSP
* Savings held in a RRIF
* Savings held for paying realty taxes on mortgage payments
* Savings held in more than one name (joint deposits)
What's Covered, What's Not?
http://www.cdic.ca/1/5/2/7/index1.shtml
just moved some $$$ to HSBC Australia last week... they are paying 4.75 percent if you use their SuperSaver account.
The key words here are virtual bank. I like a bank with assets at stake, besides money. It's getting rare now. if I had it to start over, I'd got HSBC. They're business model is one of the best and ll over the place internationally. As it stands, with a lengthy track record with 2 banks now I can take advantage of things new clients can't. History with a company is a good thing.I have dealt with ING, a foreign virtual bank operating in Canada and have never had an issue with time zones or accents.
What currency is your deposit? Australian dollars?just moved some $$$ to HSBC Australia last week... they are paying 4.75 percent if you use their SuperSaver account.
I've dealt with ICICI bank... rates, prices and other things are good, but their website sucks if you do online banking a lot. It's a horror to call in their customer service. Lastly, their internal computer system is horrible and slow.
Don't expect much in service, but as long as you don't have those type of issues & just need a higher interest savings account go with them.
Don't expect much in service, but as long as you don't have those type of issues & just need a higher interest savings account go with them.
They speak English with a very thick accent. Can be difficult to understand them sometimes.It's a horror to call in their customer service.
