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Last Updated: Friday, 8 July, 2005, 16:57 GMT 17:57 UK
Indian bank lures UK savers
Indian bank ICICI is following in the steps of Dutch bank ING
BBC Radio 4's Money Box was broadcast on Saturday, 9 July, 2005 at 1204 BST.

The programme was repeated on Sunday, 10 July, 2005, at 2102 BST.

Indian bank ICICI has moved into the market for British savers by offering an internet-based account paying 5.4% interest, although that rate may not last forever.

Money can be withdrawn or paid in with no restrictions, and the market-beating rate will apply from the first pound deposited.

We spoke to Managing Director and Chief Executive Officer of ICICI Bank UK Ltd Sonjoy Chatterjee about the HiSave account.

Further information:

Splits compensation deadline looms

Alarm clock
Time is running out for people to submit their claims

Thousands of people who lost money in the split capital investment trust scandal and could claim compensation have still not done so.

Out of an estimated 50,000 eligible investors only around 23,000 claims have been submitted, according to Fund Commissioner Mike Ellis.

And with just over a week to go before the 18 July deadline, there is controversy over the way the claims process has been handled.

Chris A'Court has been investigating.

Further information:

YBS offers divorce mortgage

Father and child
Fresh Start offers access to family law practitioners and counsellors

The Yorkshire Building Society has launched a new type of mortgage product designed to meet the needs of divorcees.

The main features of the fixed or tracker mortgage include 0% interest for six months, a 100% loan, and takes into account maintenance payments.

Rachel Court, Head of Mortgages at Yorkshire Building Society told us more, and we spoke to David Hollingworth from mortgage brokers L&C.

Further information:

Presenter: Paul Lewis
Producers: Paul O'Keeffe and Jessica Dunbar
Reporter: Chris A'Court

Money Box



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