The E-Volve Savings 14-Day Notice Account, RCI Bank’s first green savings product, launched late last year, will have a new rate of 0.70% AER gross variable .

The product enables consumers to put their money towards supporting both greener transport and mobility. All deposits from the RCI Bank E-Volve Savings 14-Day Notice Account are used exclusively for the financing of electric vehicles (EVs) and EV charging infrastructure.

Additionally, RCI Bank are raising rates on their 95-Day Notice Account to 0.90% AER gross variable. This follows the bank’s announcement last week that it has increased rates across its full Fixed Term Account product suite.

RCI Bank’s call centre is based in the UK and available seven days a week, but accounts can also be managed online and via the RCI Bank app giving customers the freedom to manage their own finances.

Tafari Smith, Head of Savings, RCI Bank: “Following the announcement of rate rises across our Fixed Term Accounts, we are delighted to today announce a further increase in rates across more of our savings products. Increasing the rate on the E-Volve Savings 14-Day Notice Account means that doing your bit for the planet has just become even more rewarding, and alongside putting rates up on our 95-Day Notice Account, continues our commitment to providing competitive rates and simple products for UK savers”.