RCI Bank has once again shot to the top of the Best Buy table by raising the interest rate on its easy access Freedom Savings account from 1.50% AER to 1.65% AER. The new rate is now available to all customers, new and existing.
The straightforward account has a starting balance of £100, with a maximum balance of £1 million, no penalties, notice periods, tiered rates, gimmicks or small print. The new interest rate of 1.65% AER variable gross kicks in from today and all existing customers are being notified that their rate will increase automatically.
Steve Gowler, CEO of RCI Bank, said: “Our aim is always to offer simple, straightforward and competitive savings products. By increasing the interest rate on our Freedom Savings Account to 1.65% AER for all customers we are delighted to be back at the top of the table, and earning UK savers real interest.
“When we launched back in June, our vision was to create innovative and competitive products that made saving money simple. We were confident we had a product that people would love, but we've been thrilled by the response and warm welcome to our Freedom Savings Account. Over the next few months we plan to follow this up with further product launches."
RCI Banque, part of Renault’s global banking group, launched UK savings bank, RCI Bank, on 8 June 2015, and is the only car finance company currently active in the UK savings market. RCI Banque has a 90 year history in financial services and has been active in the UK for 20 years through its car finance operation with Renault, Nissan, Dacia and Infiniti.
RCI Bank has a dedicated UK based customer service team open 7 days a week. 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
Call Bev Aujla or Lisa Elliott at the RCI Bank press office on 0207 294 3683 / 79