RCI Bank today announces a rate increase for its three year Fixed Term savings account. It increases from 2.06% to 2.31%, making it the best rate currently available and putting RCI Bank in a market leading position within the three year fixed market.

Fixed Term accounts can be opened by all UK residents aged 18 years and over, with £1,000 minimum deposit. The account offers both annual and monthly interest options, with unlimited top-ups for the first 30 days of the account opening. There is a UK based customer service team to support customers 24 hours a day, seven days a week, and accounts can also be accessed online.

Jean-Louis Labauge, CEO of RCI Bank, commented: “It’s no secret that we’re living longer, healthier lives, but recent research we conducted found that today’s retirees are using their nest eggs to travel more, take up new hobbies and socialise more. It’s therefore more important than ever that we’re saving hard, so we can enjoy this well earned time off in retirement, and fulfil all our ambitions for life after work. We’re really pleased to strengthen our fixed term offering to 2.31%; it will offer our customers some light relief and help them build their nest eggs and work towards longer term financial planning.”