RCI Bank, the UK's newest savings bank, continues to shake up the savings market with the launch of their Fixed Term account range, which includes the market leading 2 year Fixed Term account, paying 2.35% AER gross fixed.

The launch of RCI Bank's Fixed Term accounts follow one week after they increased the interest rate on its easy access Freedom Savings Account to 1.65% AER gross variable for new and existing customers, taking it back to the top of the table. The new market leading 2 year Fixed Rate account is coupled with the launch of a new 1 year Fixed Rate account paying 2.06% respectively.

With market leading rates and an easy online application process, RCI Bank believes its new Fixed Term accounts will appeal to UK savers. The new Fixed Term savings accounts are available to all customers, new and existing.

RCI Bank, which was launched by RCI Banque, Renault's global banking group, last month plans to launch more products over the next 12 months.

Best Buy Fixed Term savings account

The 1 year and 2 year Fixed Rate accounts include:

• Unlimited top-ups for the first 30 days from application
• Minimum starting balance of £1000
• No account fees
• Choice of paying interest monthly or anually

Steve Gowler, CEO of RCI Bank, said: "We launched into the UK savings market last month, and the response we have had to our Freedom Savings Account has been really positive. We're delighted to follow this up with another simple, market leading product.

"Our Fixed Rate accounts are easy to use, offer the top interest rate for a 2 year Fixed Rate account and allow customers unlimited top-ups for 30 days from applicaton. We are all about simplicity and don't believe it should be difficult to save, and all of our accounts reflect this."

RCI Bank has a dedicated UK based customer service team and call centre open seven days a week. Savers are protected under the French guarantee scheme, FGDR, up to the value of €100,000.

For further information visit the RCI Bank website at www.rcibank.co.uk.

Any questions?

Call Bev Aujla or Lisa Elliott at the RCI Bank press office on 0207 294 3683 / 79

beverleya@lansons.com / lisae@lansons.com