New Year savings made easy
As we say goodbye to 2020 and hello to 2021, many of us may be considering our New Year’s Resolutions. Why not kick-start the year with a savings re-vamp? New Year, new budget, new you…and RCI Bank’s new App. Our new App allows you to easily save on the go and makes it easy to withdraw money to and from your linked account quickly and effectively, meaning you can take control of your budget! To give you some pointers in the right direction, here are our top five ways to nail your New Year’s resolutions to save money…


  1. Take a New Year saving challenge

Savings challenges make saving easier and dare we say it….a little bit fun! Our top challenge to start the year off with is the 1p savings challenge, which begins with you saving a single penny. Then on the second day you put in 2p, on the third, 3p, and so on. If you keep this up for a whole year, then you will have saved almost £670!

With our new savings App, doing this challenge couldn’t be simpler. With just a few taps you can transfer the money from your current account to your existing RCI Bank savings account. Top tip: deposit the savings weekly, to see your savings grow quicker!  

  1. Start a Budget

This may seem obvious, but it really is the easiest way to save money. If setting up an excel spreadsheet and working out all of your incomings and outgoings isn’t your idea of fun, then we recommend starting with food. Preparing a weekly or monthly meal plan is a great way to get organised and cut down your costs.

  1. Have a clear out

You’ve heard about a spring clean, well what about a New Year clean? The New Year is the perfect time to look through your things and find anything you no longer wear or use and sell them. This way, you'll be able to declutter your room or house and earn a little bit of extra cash for it.

  1. Switch providers

The New Year for most people usually means a fresh start, so why not have a fresh start on all your providers as well. By seeing what’s on the market and switching insurance, broadband and even phone and TV contracts you could save £100s of pounds.

Once you’ve worked out how much you’ll save each month by switching, why not put that money away in your savings account each month. The new RCI Bank App means you’ll have access to all of your RCI Bank savings accounts at your fingertips. Therefore, you can transfer what you save each month, from your phone, whilst watching your favourite TV programme. Time is money, people!

  1. The 24- hour rule

We’d be willing to bet that you buy more things online than at a store—which means you also know how tempting and easy it is to constantly visit your favourite online shop to see their latest offers and products. The solution to avoiding those impulse purchases you may regret later down the line - impose a 24-hour limit from when you’ve added items to your cart to when you buy them. Nine times out of ten, you’ll probably decide the next day that you don’t need it after all.

To help conveniently manage your new savings habits, why not download our App?



Don’t have an RCI Bank saving account? Open an account within a few minutes by clicking here (subject to account opening terms).

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