Available for both new and existing customers, the RCI Bank 95 Day Notice Account rate has risen to 4.85% AER Gross. 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 95 Day Notice Account requires a £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: “Ahead of the Bank of England’s decision on whether to move the base rate again on Thursday, we are pleased to be able to raise rates across our fixed term savings accounts and 95 day notice account. As ever, we want to reiterate our commitment to rewarding savers with competitive rates and hassle-free products through this rise. Our hope is that these rate boosts will help savers’ nest eggs work harder for them during a time when many will be feeling the financial squeeze as a result of the continuing cost of living crisis.”