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 UK

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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.

Easy access savings accounts

Table: sorted by interest rate
RCI Bank UK's best easy access rate of 4.75% is significantly lower than today's market-best rate of 7.49%.
1 - 2 of 2
Name Product Account type Withdrawals Min. opening balance Interest rate Deposit protection Open via Incentive Apply link
RCI Bank UK – Freedom Savings Account
Variable
Instant access
£100
4.75% AER variable
FSCS logo
protected
Open via: website
Go to site
View details
RCI Bank UK – Freedom Savings Account
Variable
Instant access
£100
4.75% AER variable
FSCS logo
protected
Open via: website
Go to site
View details
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Compare more instant and easy access accounts up to 7.49%

Fixed-rate bonds

Table: sorted by interest rate
RCI Bank UK's best fixed-rate bond rate of 5% is very slightly lower than today's market-best rate of 5.5%.
1 - 5 of 11
Name Product Interest rate Invest Interest paid Withdrawals Open via Deposit protection Open via Incentive Table product description Apply link
RCI Bank UK – 2 Year Fixed Term Savings Account
5% AER fixed for 2 years
£1,000 - £1,000,000
Monthly
Withdrawals not permitted
Website
FSCS logo
protected
Open via: website
Go to site
View details
RCI Bank UK – 2 Year Fixed Term Savings Account
5% AER fixed for 2 years
£1,000 - £1,000,000
Anniversary of account opening
Withdrawals not permitted
Website
FSCS logo
protected
Open via: website
Go to site
View details
RCI Bank UK – 3 Year Fixed Term Savings Account
4.76% AER fixed for 3 years
£1,000 - £1,000,000
Anniversary of account opening
Withdrawals not permitted
Website
FSCS logo
protected
Open via: website
Go to site
View details
RCI Bank UK – 3 Year Fixed Term Savings Account
4.76% AER fixed for 3 years
£1,000 - £1,000,000
Monthly
Withdrawals not permitted
Website
FSCS logo
protected
Open via: website
Go to site
View details
RCI Bank UK – Raisin UK - 3 Year Fixed Term Deposit
4.72% AER fixed for 3 years
£1,000 - £85,000
On maturity (compounded annually)
Withdrawals not permitted
Website, mobile app
FSCS logo
protected
Open via: website, mobile app
Go to site
View details
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Notice savings accounts

Table: sorted by interest rate
RCI Bank UK's best notice savings account rate of 4.95% is very slightly lower than today's market-best rate of 5.3%.
1 - 4 of 4
Name Product Account type Withdrawals Open with Deposit protection Interest rate Open via Incentive Table product description Apply link
RCI Bank UK – 95 Day Notice Account
Variable
95 days notice needed
£1,000 - £1,000,000
FSCS logo
protected
4.95% AER variable
Open via: website
Go to site
View details
RCI Bank UK – 95 Day Notice Account
Variable
95 days notice needed
£1,000 - £1,000,000
FSCS logo
protected
4.95% AER variable
Open via: website
Go to site
View details
OFFER
RCI Bank UK – RCI Bank E-Volve Savings 14 Day Notice Account
Variable
14 days notice needed
£100 - £1,000,000
FSCS logo
protected
4.8% AER variable
Open via: website
Green - All funds deposited will be used exclusively for the purpose of financing electric vehicles, charging points and future green transportation projects.
Go to site
View details
OFFER
RCI Bank UK – RCI Bank E-Volve Savings 14 Day Notice Account
Variable
14 days notice needed
£100 - £1,000,000
FSCS logo
protected
4.8% AER variable
Open via: website
Green - All funds deposited will be used exclusively for the purpose of financing electric vehicles, charging points and future green transportation projects.
Go to site
View details
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Compare more notice savings accounts up to 5.3%

What is RCI Bank UK's best savings account with the highest interest rate?

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
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

A bit more about RCI Bank

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.

How do I decide which account is for me?

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:

  • Interest rates
  • Fees (if there are any)
  • Access to cash (if you need quick access for instance)
  • Rewards and loyalty schemes (if you’re into the add-ons or switching bonuses)

Does RCI offer online or mobile banking

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:

  • Easy to navigate around savings section
  • Manage and arrange transactions
  • Manage personal details and preferences

What are the benefits and drawbacks of banking with RCI Bank?

The benefits

  • Top rates. Don’t hold your breath for a dramatic improvement, but RCI Bank’s rates are among the best.
  • FCSC protection. Deposits with RCI Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme.
  • Wide variety of accounts. RCI Bank customers can choose from a wide range of easy access and fixed rate accounts.

The drawbacks

  • No current accounts. At the moment, RCI Bank only offer savings accounts, so are no good for those looking for everyday banking services.
  • No UK branches. All customer support is carried out online or over the phone. RCI Bank doesn’t have any physical branches in the UK.

Customer service information for RCI

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Our verdict: Are savings accounts from RCI Bank worth it?

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.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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