The award winning* savings provider RCI Bank today announces, that for the fourth time this year, they’ve increased the rate on their Freedom Savings Account to 1.30% putting them at a market leading position within the Easy access market.
This takes the Freedom Savings Account to the top of the Easy access best buy tables, with the highest savings rate for a non-fixed account. As consumer inflation continues to rise, with CPI standing at 2.7% in August**, this new 1.30% rate, up from 1.20%, gives savers alight relief. It is available to both new and existing customers from 6, Ocotber.
The Freedom Savings Account has a starting balance of £100, with a maximum balance of £1 million. There are no penalties, notice periods, tiered rates, gimmicks or small print, and can be opened by all UK residents aged 18 years and over.
RCI Bank’s fixed notice accounts offer a rate of 1.46% for one year, 1.71% for two years and 1.86% for three years.
Jean-Louis Labauge, CEO of RCI Bank, commented: “Since we launched, we have always been committed to offering simple savings products and great rates. We’re really pleased to be at the top of the best buy tables with this new rate, especially at a time when the cost of living is rising. We hope our new 1.30% rate will encourage more savers to plan ahead when it comes to managing their money and boosting their nest eggs.”
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