What interest rate does the RCI Bank 2 Years Fixed pay?

The RCI Bank 2 Years Fixed pays 4.75% AER, fixed for 2 years.

How much interest could I earn?

Saving £10,000 for 2 years would earn about £973 at 4.75% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £1,000 and up to £1,000,000.

Can I withdraw my money?

No. Your money is locked in until the fixed term ends, so only put in what you won't need before then.

When is interest paid?

You can choose to have interest paid monthly or annually.

Who can open this account?

New and existing RCI Bank customers can open it. You can open it online or in the app.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other two-year fixed rate bonds?

At 4.75% AER it ranks 20th of 63 two-year fixed rate bonds we track. The best pays 5.16% and the average is 4.61%.

Dashboard

Fixed Rate

RCI Bank 2 Years Fixed Review

A competitive two-year fixed rate bond from RCI Bank, with a £1,000 minimum deposit. It ranks 20th of 63 two-year fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 2 years

4.75%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

£1,000,000

Access

At maturity only

Interest paid

Monthly/Annually

How It Stacks Up

Ranks 20th of 63

2-year fixed bonds we track

Above average

This account 4.75%

UK CPI (Aug 2026): 3.10%; Pays 1.65% more
Average 2-year fixed: 4.61%; Pays 0.14% more
Best 2-year fixed: 5.16%; Pays 0.41% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare fixed bonds

A Good Fit For

Pro: New and existing savers
Pro: Savers who want a monthly income

Worth Weighing Up

Con: Your money is locked in for 2 years
Con: You need at least £1,000 to open it

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Estimated returns with RCI Bank's Fixed Rate

What you could earn with RCI Bank's 2 Years Fixed.

Estimated interest

£1,000 saved

£97.26

At 4.75% AER

£5,000 saved

£486

At 4.75% AER

£10,000 saved

£973

At 4.75% AER

£1,000,000 saved

£97,256

At 4.75% AER

Estimated over the 24-month term, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on RCI Bank 2 Years Fixed

Jonny PeaseCo-Founder, DepositScout

RCI Bank's 2 Years Fixed pays 4.75%, which beats August 2026 CPI of 3.1% by 1.65%, so your money does grow in real terms over the two-year term. That said, the rate sits below the market average for fixed-rate accounts, and the market leader across that category is paying 5.35%, putting RCI Bank 0.60% behind. If you want to stay in the two-year space, Kent Reliance's 2 Year Fixed Rate Bond is available at 4.91%, which is worth a look. The key catch here is the usual one for fixed bonds: no access until maturity, so only commit money you can lock away.

Compare Fixed Rate Bonds