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RCI improves savings rates

RCI improves savings rates

Category: Savings
Date: 27/01/2017

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

RCI Bank UK has increased several of its savings rates, which sees its Freedom Savings Account sit comfortably at the top of two Best Buy charts, and its two and three-year fixed bonds retain their places in the Best Buys, earning them all a high rating in the process.

The basics…

The Freedom Savings Account pays 1.10% yearly, the top rate for easy access accounts as well as those that pay interest on a monthly basis. The two-year bond, meanwhile, boasts a rate of 1.55%, while the three-year equivalent pays yearly interest of 1.70%, both competitive.

Monthly versions of all accounts are also available, paying respective rates of 1.09%, 1.54% and 1.69%.

The finer details…

The easy access deal requires a minimum investment of £100 and naturally allows further additions and withdrawals at will, with the only caveat being that access will have to be completed via a nominated current account. The fixed bonds require a minimum investment of £1,000 and allow additions for 30 days from account opening, but do not permit withdrawals or early access. All deals have to be opened online, after which they can be managed by post and phone as well.

Why we like them…

The competitive rates on these deals are more than enough to see them retain their positions in the Best Buy charts, including the number one spot for the easy access account, thereby deservedly earning them all a high rating.

Moneyfacts rating: Excellent

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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