Easy access
RCI savings accounts
RCI Bank UK offers a broad range of savings accounts with interest rates up to 4.9%.
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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 4.9% is available on one of its notice accounts.
Easy access savings accounts
Table: sorted by interest rate
RCI Bank UK's best easy access rate of 4.45% is significantly lower than today's market-best rate of 7.29%.
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Fixed-rate bonds
Table: sorted by interest rate
RCI Bank UK's best fixed-rate bond rate of 4.5% is very slightly lower than today's market-best rate of 4.81%.
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Notice savings accounts
Table: sorted by interest rate
RCI Bank UK's best notice savings account rate of 4.9% is very slightly lower than today's market-best rate of 5.2%.
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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 | 4.45% |
| Best fixed-rate bond rate | 4.5% |
| Best notice account rate | 4.9% |
| 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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