RCI savings accounts
RCI Bank UK offers a broad range of savings accounts with interest rates up to 5%.
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RCI Bank is a subsidiary of French car manufacturer Renault. In the UK, RCI Bank began operations as a responsible lender, offering competitive rates to people and businesses. By 2015, RCI Bank launched with a view to offering UK savers a real alternative.
RCI Bank UK's top savings rate of 5% is available on one of its fixed-rate bond accounts.
The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.
Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts RCI Bank UK offers, plus the highest interest rate currently available.
Savings account types include | Easy access, fixed-rate bonds, notice accounts |
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Best easy access rate | 4.75% |
Best fixed-rate bond rate | 5% |
Best notice account rate | 4.95% |
Fixed bond terms | 1 year - 5 years |
Notice account periods available | 14 days - 95 days |
Opening options | Website, mobile app |
FSCS protection |
With Renault customers often needing help to finance the purchase of their vehicles, Renault created its own internal bank in 1974 – RCI Bank.
Forty years on and RCI Bank is still owned by Renault, operating in 36 countries with customers all over the world. It has approximately 100,00 savings customers in the UK. It focuses on offering what it describes as “transparency, simplicity, and a great service” to UK savers. Compare RCI Bank with other competitors in the UK market and see what you think.
You need to work out what it is you need from your bank account. Are you looking to put a bit of money away each month? Do you want to put some money away and restrict access to it? Are you after rewards or hoping to maximise interest?
You need to work out what you need before comparing the different offers available for certain types of bank account. Once you’ve done that, useful guidelines to compare include:
RCI offers online banking through its website, but does not have a dedicated mobile app.
Here are some of the basic features of RCI’s online banking service:
Email support | |
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Telephone support | |
In-app or live chat | |
Contact form | |
Branch support |
RCI Bank offers a wide range of savings accounts, all of which are covered by the FSCS scheme. Its rates are consistently some of the most competitive on the market among the best, whether you’re looking for an instant access saver or are looking for a place to park your money for up to five years.
Read our rundown of today’s best savings accounts to see how it weighs up against other savings providers to check if it’s the right choice for you.
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