Savings rates
Rates reviewed daily · last updated 5 October 2026
Savings rates
All rates AER · Updated October 2026
Rates shown are AER and correct as of October 2026.
Fixed Rate
| Account | AER | Term | Interest paid | Min Balance | |
|---|---|---|---|---|---|
| 2 Years Fixed | 4.75% | 2 Years | Monthly/Annually | £1,000 | |
| 3 Year Fixed Term Deposit | 4.70% | 3 Years | Annually | £1,000 | |
| 1 Year Fixed | 4.50% | 1 Year | Monthly/Annually | £1,000 | |
| 5 Years Fixed | 4.45% | 5 Years | Monthly/Annually | £1,000 | |
| 4 Years Fixed | 4.40% | 4 Years | Monthly/Annually | £1,000 |
Cash ISA
| Account | AER | Access | Transfers in | Min Balance | |
|---|---|---|---|---|---|
| 2 Year Fixed Term Cash ISA | 4.60% | 2 Years | Accepted | £1,000 |
Notice Account
| Account | AER | Notice period | Interest | Min Balance | |
|---|---|---|---|---|---|
| 95 Day Notice Savings Account | 4.05% | 95 Days | Variable | £1,000 | |
| E-Volve Savings notice account | 4.00% | 14 Days | Variable | £100 |
Easy Access
| Account | AER | Access | Interest | Min Balance | |
|---|---|---|---|---|---|
| Freedom Savings Account (Easy Access) | 3.95% | Instant | Variable | £100 |
Is RCI Bank FSCS protected?
Yes — FSCS protected up to £120,000
Yes. RCI Bank savings are FSCS protected up to £120,000 per person, per banking licence, under RCI Bank UK Limited.
Banking licence: RCI Bank UK Limited
Last checked against the FCA register on 5 October 2026.
See every brand that shares a banking licenceSwitch offers
Who they are
RCI Bank launched in 2015 with the aim of offering a genuine alternative for UK savers - and it has an unusual backstory: it is owned by the Renault Group, making it one of the first savings banks in the UK market to be backed by a car company.
Renault originally created the business back in 1974 as an internal financing arm for its dealerships. The UK operation has its own standalone banking licence, and customers' deposits are protected under the UK's Financial Services Compensation Scheme (FSCS) and regulated by the Prudential Regulation Authority (PRA). RCI Bank's eligible deposits are protected by the FSCS up to £120,000 per person, per authorised firm (banking licence). The bank's model means deposits are used to support the sales of new and used vehicles in the UK, including Nissan manufacturing in the North East of England.
It is a direct bank - no branches - reached online, by phone, email or post, with a UK support team available seven days a week.
Savings accounts
RCI Bank keeps its range focused and straightforward. On the easy access side, the Freedom Savings Account pays a variable rate and opens from just £100, making it one of the more accessible options in the range. For savers who can commit to a notice period, the 95 Day Notice Account and the E-Volve Savings notice account offer variable rates in return for a short wait before withdrawal. If you want to lock in a rate, RCI Bank has fixed-term deposits running from 1 year all the way out to 5 years, with a minimum of £1,000. There is also a 2 Year Fixed Term Cash ISA for tax-efficient saving, again from £1,000. All products carry the same elevated FSCS protection limit of £120,000 per person.
As rates shift over time, the live figures on this page are always the most up-to-date guide to what RCI Bank is currently paying.
Is it right for you?
RCI Bank suits savers who are comfortable banking entirely online and who want a clean, no-frills range of accounts. The breadth of fixed-term options - from 1 to 5 years - means you can build a ladder of maturities if that suits your plans. The above-standard FSCS limit of £120,000 is a genuine point of difference worth knowing about, particularly for savers with larger deposits. There are no switch offers or bonus rates to factor in, so the rate you see is the rate you get from day one, with no strings attached.
Check the live rates shown on this page to see how RCI Bank's accounts compare with the wider market right now.
This overview was generated by DepositScout's AI, Penny on 30 September 2026. It may contain inaccuracies — always confirm rates and terms with RCI Bank directly. Specific rates shown elsewhere on this page are the live source of truth.
