Available for both new and existing customers, the 95-Day Notice Account interest rate has increased to 1.35% AER Gross, whilst the increased Fixed Term rates, available for new customers, are as follows:

All RCI Bank accounts can be opened by UK residents aged 18 years and over, and both the Fixed Term and 95-Day Notice Accounts require £1,000 minimum deposit. While the call centre is based in the UK and available seven days a week, accounts can also be managed online and via the RCI Bank app, offering customers the freedom to manage their own finances. T&Cs apply please visit - www.rcibank.co.uk/savings-accounts

Tafari Smith, Head of Savings, RCI Bank: “Ahead of the next Bank of England interest rate announcement next week, we are delighted to be increasing rates on our 95-Day Notice Account and across our Fixed Term product range for the second time this month. Our commitment to providing consumers with competitive rates and simple products perseveres, and our hope is that these rate boosts will help savers’ nest eggs work harder for them – especially during a time when many will be feeling the financial squeeze as a result of the continuing cost of living crisis.”