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This comparison simply includes all savings accounts.

FlexDirect Current Account Nationwide
Open With £1000
Account Type Current Account
Interest AER 5.00%

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.

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 1.30%

Why we like it: MARKET LEADING RATE. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes.

Habib Bank Zurich
Fixed Rate Bond Habib Bank Zurich
Min deposit £1000
Term 1 Year
Interest AER 1.85%

Why we like it: Minimum deposit £1000. No withdrawals permitted. Apply online. Eligible deposits covered by UK FSCS.

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 30 Months
Interest AER 2.11%

Why we like it: 30 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 3 Years
Interest AER 2.31%

Why we like it: Save from £1,000 to £1,000,000. No withdrawals before the end of the term. RCI Bank are protected up to a total of €100,000 by the FGDR (Fonds de Garantie Dépôts et de Résolution), the French deposit protection scheme. Apply online.

Fixed Rate Bond Vanquis
Min deposit £1000
Term 4 Years
Interest AER 2.52%

Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.

Fixed Rate Bond Vanquis
Min deposit £1000
Term 5 Years
Interest AER 2.70%

Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.

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.

Latest news

Pensioner Bond Maturity - 5 Ideas For Your Cash

From January 2018 over 900,000 people who invested in pensioner bonds will start to see their bonds mature. Savers who have been enjoying 4% pa are going to get a shock when they look for comparable returns from cash in the current market. We have put together 5 ideas for your cash in 2018

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