image
image
Your savings are ready to E-Volve
In 2021, people have never been more conscious of their impact on the environment and many of us are looking to make choices that help the planet.

At RCI Bank, we want our customers to feel confident that their money is being used to make a positive influence on the world, which is why we have launched the RCI Bank E-Volve Savings 14 Day Notice Accountto give our customers the choice to save for a better tomorrow. Funds deposited into our new RCI Bank E-Volve Saver product will be used exclusively for the financing of electric vehicles (EVs) and electric vehicle charging infrastructure, as well as future green transportation projects.

Over the past year, we have used our expertise to show savers how to maintain a more sustainable lifestyle on a tight budget.

Leading by example, we are signed up to the SME Climate Hub pledge – whereby RCI Bank have committed to halving our greenhouse gas emissions based on 2019 levels by 2030, achieving a net-zero position by the same year and disclosing progress annually. To achieve this, our internal Green Team are helping the business reduce professional travel, plastic waste, and supercharging digitalisation with a goal to eliminate paper use.

As of today, RCI Bank is operationally a net zero company. We calculate our carbon footprint and we’re compensating for our remaining operational emissions by contributing to and collaborating with a broad range of certified, international climate change projects. Now, the final step is offering products to our customers so that they can get involved in getting to net-zero.

Alice Altemaire, CEO of RCI Bank UK says: “RCI Bank is passionate about futureproofing your finances and helping you save. Following on from the COP26 conference in Glasgow, and a year since the UK Government’s announcement to ban the sale of petrol and diesel cars from 2030, we are delighted to launch the RCI Bank E-Volve Saver product.  As the last two weeks have shown, we are living in a time where consumers are more conscious of their own environmental impact and are looking to live life in more sustainable ways.

All deposits from the RCI Bank E-Volve Savings 14 Day Notice Account will be used exclusively for the financing of our green transportation ambition; in the first instance this will be our lending for electric vehicles (EVs) and EV charging infrastructure. We foresee the RCI Bank E-Volve Savings 14 Day Notice Account developing into a full suite of green products, in the hope that this evolution will support the switch to net-zero vehicles even further, safeguarding the planet for generations to come."

The RCI Bank E-Volve Savings 14 Day Notice Account and everything else you need to know:

The RCI Bank E-Volve Savings 14 Day Notice Account launches with a competitive, variable interest rate of 0.55% AER Gross Variable. It is built to adhere with the UK and EU Green Taxonomy regulation and the Green Financing Framework for financing clean transportation. This means that deposits in the RCI Bank E-Volve Savings 14 Day Notice Account are tracked and recordable so they will only be used for sustainable activity such as EV lending and charging stations. To join the RCI Bank E-Volve Savings revolution, register here.

‘RCI Bank E-Volve Savings 14 Day Notice Account’ terms and conditions

 

Minimum pay in

£1,000

Maximum deposits

£1 million

Variable rate

0.55%

Customer withdrawal notice (days)

14 days

Rate reduction notification (days)

28 days

Partial withdrawals

Permitted

Additional deposits

Permitted

Maturity

None (evergreen)

Linked account requirement

Same as current process, please see here for further details

T&Cs apply – www.rcibank.co.uk/savings/E-Volve-Savings-notice-account.

You can also find out more information by viewing the RCI Bank E-Volve Savings video.

 

RCI Bank scoops up during awards season
31 May 2022
A quick guide to green finance
16 May 2022
How to spring clean your home and your finances
05 Apr 2022