RCI Bank, the UK's newest savings bank, continues it's run of best buy savings products with the launch of its new 3 year Fixed Term account, paying 2.70% AER gross.

The launch of RCI Bank's 3 year Fixed Term account follows last month's announcement of their market leading 2 year Fixed Rate account, paying 2.35% and their 1 year Fixed Rate account paying 2.06% respectively.

With a market leading rate and easy online application process, RCI Bank believes its new 3 year Fixed Term account will appeal to UK savers who have a longer term savings plan. The new Fixed Term savings account is available to all customers, new and existing.

RCI Bank, which was launched by RCI Banque, Renault's global banking group, in June this year, plans to launch more easy-to-use accounts over the next 12 months.

Best Buy Fixed Term savings account

The 3 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 annually.

Steve Gowler, CEO of RCI Bank, said: "We're delighted to be able to step into the long term savings market. Our three year Fixed Rate account is easy to use, offers a best buy interest rate and allows customers unlimited top-ups for 30 days from application.

"Were passionate about simplicity and making it easy for consumers looking for a longer term plan to start savings - we're proud to be driving rates upwards and offering real choice to UK savers."

RCI Bank has a dedicated UK based customer service team and call centre open seven days a week. Saver 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 Tom Pavey-Smith at the RCI Bank press office on 0207 294 3683 / 06

beverleya@lansons.com / thomasps@lansons.com