Available for both new and existing customers: the RCI Bank E-Volve Saver 14 Day Notice Account interest rate has increased to 1.70% AER Gross, the Freedom Easy Account has risen to 1.67% AER Gross, and the 95 Day Notice Account has risen to 1.90%, whilst the increased Fixed Term rates, available for new customers, are as follows:

All RCI Bank accounts can be opened by UK residents aged 18 years and over, and the Fixed Term accounts, 95 Day Notice Account and E-Volve Savings 14 Day Notice Account 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: “After the Bank of England announced its biggest rate rise in over 25 years last week, we want to continue with our commitment to providing savers with competitive rates and simple products. After warnings of a continued increase in inflation and the UK entering a recession, we hope that these rises will provide some support for savers during this period. It’s also important for us to continue to support our customers with the confidence to save for a better tomorrow, by helping create a world in which people and the planet can thrive. That is why we continue to exclusively finance the switch to electric vehicles and charging infrastructure with the deposits to our green savings product, the RCI Bank E-Volve Savings 14 Day Notice Account.”