Available for both new and existing customers: the RCI Bank 95 Day Notice Account has risen to 4.20% AER Gross, 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.

Tafari Smith, Head of Savings, at RCI Bank: “With this testing economic climate, we want to pass the benefit of the recent interest rate rises on to our customers. We believe it is of the utmost importance that we continue to embody our commitment to providing savers with rewarding rates and simple products. As such our 95-day Notice Account provides a great balance between earning a higher return and having to lock away your money for the notice period. For those keen to save and put it to the back of their mind, our Fixed Term accounts offer great rates that allow you to put your money away for longer periods, safe in the knowledge that it is still working hard for you. This means that within our product range, we’ve made sure every kind of saver is catered for.”