RCI BANK INCREASES INTEREST RATES ON 2 & 3 YEAR FIXED TERM ACCOUNTS
04 Apr 2024
RCI Bank increases interest rates across its Fixed Term Accounts
12 April 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 new customers:
|
Product |
New Rate |
|
One year Fixed Term Account |
1.60% AER Gross |
|
Two year Fixed Term Account |
1.95% AER Gross |
|
Three year Fixed Term Account |
2.05% AER Gross |
|
Four year Fixed Term Account |
2.10% AER Gross |
|
Five year Fixed Term Account |
2.15% 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.
Tafari Smith, Head of Savings, RCI Bank: “As the cost of living continues to rise, we continue to be committed to providing savers with competitive rates and simple products. Many families will be really feeling the squeeze following recent changes to the cost of essentials, such as the energy price hike earlier this month. Our hope is that during a time when consumers are feeling the pressure financially, this latest rate rise will help people’s savings work harder for them.”
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