This comparison simply includes all savings accounts.
RCI Bank Savings Accounts
Why we like it: Unlimited deposist and withdrawals, interest paid annually. Includes 0.61% AER bonus for first 12 months. Eligible deposits covered by UK FSCS.
Why we like it: Balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest. Eligible deposits covered by UK FSCS.
Why we like it: Minimum deposit £1. Unlimited deposits. Transfer in ISAs held elsewhere - no limit. Eligible deposits covered by UK FSCS.
Why we like it: Minimum deposit £500. Transfer in ISAs held elsewhere - no limit. Eligible deposits covered by UK FSCS.
Why we like it: Minimum deposit £1000. No withdrawals permitted. Apply online. Eligible deposits covered by UK FSCS.
Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected
Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
Why we like it: Higher rates available if investing over £20,000 (6.06%) or over £100,000 (7.01%). Invest up to £20,000 this tax year and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. When you join the easyMoney family you will automatically become an easyMoney plus card member, offering savings at over 1,000 of Britain’s biggest retailers and more! e-Money Capital Ltd trading as easyMoney is authorised and regulated by the FCA (FRN 231680). As with all investing, your capital is at risk when you lend to businesses and returns are not guaranteed. No FSCS. For more details please refer to our full risk statement.
Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS
Why we like it: Invest up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. Invest over £1,000 and you will automatically become an easyMoney plus card member, offering savings at over 1,000 of Britain’s biggest retailers and more! e-Money Capital Ltd trading as easyMoney is authorised and regulated by the FCA (FRN 231680). As with all investing, your capital is at risk when you lend to businesses and returns are not guaranteed. No FSCS. For more details please refer to our full risk statement.
Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS
Why we like it: 5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Must be aged 18 or older.
Compare RCI Bank Savings Accounts
RCI is a retail and commercial bank. Their range of savings accounts include some options best suited to long term and short term savings. Below is a breakdown of RCI’s main types of savings accounts.
Current Accounts
Current accounts often give the best rates of interest on the market, but only up to a certain deposit threshold.
If your savings are more than your account will pay interest on, transfer the excess balance to a different account. This will enable you to benefit from a better return overall.
Instant Access Savings Accounts
If you are keen on flexible saving, an instant access account is hard to beat. This will let you make deposits and withdrawals as often as you like, although bear in mind there may be an annual limit on withdrawals.
Instant access accounts will usually allow you to make transfers online or by phone, and some even offer a cash card that means you can take money out at a standard ATM.
Fixed Rate Bonds
For savers that want to earn a reliable return on a significant deposit, fixed rate bonds tend to be ideal. In exchange for not being able to access your money for a set amount of time (usually 1 to 5 years), you will be offered a fixed rate of interest for the life of the bond.
Generally speaking, the interest rates on fixed rate bonds are pretty rewarding, and make a good way to save if you are confident you will not need your deposit in the near future.
Cash ISAs
If you are liable to pay UK tax, putting part of your savings into a fixed rate ISA may be a smart plan. This allows you to earn tax-free interest on deposits up to a combined yearly total set by the government. For the 2017/18 tax year that amount is £20,000.
When choosing an ISA, there are two main types to be aware of - instant access and fixed term. Instant access cash ISAs let you take out money whenever you need without paying a penalty, so are best for short term saving. Fixed term cash ISAs work much like fixed rate bonds, in that you will receive a guaranteed return in exchange for locking your money away for a set period. In general, fixed term ISAs will have better interest rates than the instant access variety.
Find the best RCI Bank savings account for you
Our savings account comparison tool (see top of page) takes the hassle out of finding the best savings account deals. You can see the best offers from right across the industry, including all of the top providers, allowing you to find the best match for your personal finances and saving needs.
