For the second time in a month, the award winning* savings provider, RCI Bank has increased rates across its fixed term accounts, with the rate offered on its easy access Freedom Savings Account also increasing for new and existing customers.

• For fixed rate customers:

  • The one year fixed rate increases from 1.46% to 1.56%

  • The two year fixed rate increases from 1.71% to 1.81%

  • The three year fixed rate increases from 1.86% to 1.96%

• For easy access Freedom Savings Account customers:

  • Rates will increase from 1.10% to 1.20%.

All of the bank’s accounts can be opened by UK residents aged 18 years and over, with the fixed rate accounts requiring as little as £1,000 minimum deposit. These accounts boast both annual and monthly interest options, as well as unlimited top-ups for the first 30 days from account opening.

The easy access Freedom Savings Account has a starting balance of £100, with a maximum balance of £1 million, and no penalties, notice periods, tiered rates, gimmicks or small print.

All customers are supported by a dedicated UK based customer service team open seven days a week and 24/7 online access to their accounts.

Jean-Louis Labauge, CEO of RCI Bank, commented: “Since launching two years ago, we have been 100 per cent committed to offering new and existing customers leading rates and simple products. We are really pleased to announce that all of our customers will today see interest rates rise and we hope this encourages more savers to look longer term in regards to their financial planning and boosting their nest eggs.”

Savers are protected under the French guarantee scheme, FGDR, up to the value of €100,000.

For further information visit the RCI Bank website at www.rcibank.co.uk