RCI BANK INCREASES INTEREST RATES ON 2 & 3 YEAR FIXED TERM ACCOUNTS
04 Apr 2024
RCI Bank increases its rates across its Fixed Term products
14 March 2022
Award winning digital savings bank, RCI Bank, today announces a rate increase across the full suite of its Fixed Term Accounts.
The increased rates are available for new customers:
|
Product |
New Rate |
|
One year Fixed Term Account |
1.45% AER Gross |
|
Two year Fixed Term Account |
1.80% AER Gross |
|
Three year Fixed Term Account |
1.85% AER Gross |
|
Four year Fixed Term Account |
1.95% AER Gross |
|
Five year Fixed Term Account |
2.00% AER Gross |
All RCI Bank accounts can be opened by UK residents aged 18 years and over. The Fixed Term Accounts require £1,000 minimum deposit. While the call centre is based in the UK and available seven days a week, accounts can also be managed online and via the RCI Bank app, offering customers the freedom to manage their own finances. T&Cs apply please visit - www.rcibank.co.uk/savings-accounts
Tafari Smith, Head of Savings, RCI Bank: “Ahead of the Bank of England’s decision on whether to move the base rate later this week, we are delighted to be able to raise rates across our full Fixed Term product range. As the cost of living keeps going up, we continue to be committed to providing savers with competitive rates and simple products. Our hope is that this latest announcement helps people’s savings work harder for them, at a time when things will be tighter financially.”
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