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RCI Bank UK review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

RCI Bank UK's easy-access savings account pays 3.95% variable, with unlimited payments and withdrawals and no monthly fee, so it suits savers who want instant access with nothing deducted each month. The trade-off is a moving rate and a £100 minimum deposit, higher than most easy-access accounts ask for.

Key facts

Best for
Easy access at 3.95% variable with no monthly charge.
Headline rate
3.95%↗
Rate type
Variable↗
Minimum deposit
£100↗
Deposit protection
FSCS up to GBP 85,000↗
Access terms
Easy access with unlimited payments and withdrawals; pay in and out through a linked UK current account or another RCI Bank savings account; keep the account open with a balance of at least GBP 1↗
Monthly fee
£0↗
Account kind
Easy access↗
Legal entity
RCI Bank UK Limited↗
Headquarters
United Kingdom↗
Founded
2015↗
Support channels
Email, Phone, Help-centre↗
Pricing model
No monthly fee
Official website
rcibank.co.uk

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
Google Play
Elsewhere
Trustpilot

Pros and cons

Pros

  • 3.95% variable sits above the site median of 3% for savings accounts.
  • The monthly fee is £0 and the model is no monthly fee, so nothing is charged to hold the balance.
  • Unlimited payments and withdrawals, so savings stay reachable without giving up access.
  • Deposits are covered by FSCS up to GBP 85,000 and the bank is regulated by the Prudential Regulation Authority in the United Kingdom.

Cons

  • The rate type is variable, so the 3.95% headline can move rather than being fixed for a term.
  • The £100 minimum deposit is above the €0 median for savings accounts on the site.
  • Paying in and out runs through a linked UK current account or another RCI Bank UK savings account, so a link is needed.
RCI Bank UK

Ready to try RCI Bank UK?

Scored 8.7 / 10 by SumCue.

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Who it suits

  • Savers who want easy access and unlimited withdrawals with no monthly charge.
  • UK savers who want a regulated bank with FSCS up to GBP 85,000 behind the balance.
  • People who can start with the £100 minimum deposit and leave the money growing.

Who should look elsewhere

  • Wise, at 3.29%, for savers who want a lower variable rate than 3.95%.
  • bunq, at 3.01%, for savers who want a lower headline rate and a different kind of bank.
  • Finteres, listed at 0% to 36%, for savers who want a spread of rates instead of one easy-access rate.

Fees and currency costs

The easy-access savings account carries a monthly fee of £0 and a minimum deposit of £100. Holders therefore only need to plan for the opening deposit, with no recurring charge eating into the interest. For anyone already banking with RCI Bank UK in the UK, the balance can sit there at no cost for as long as it is wanted.

Rates and terms

Interest is paid at 3.95%, and the rate type is variable, so the headline is the rate at the start of a period rather than a guaranteed return. Savers who want certainty on a known sum for a set term are looking at a different kind of product. The savings account is built for flexibility, with the balance available when it is wanted and interest accruing while it sits.

How RCI Bank UK compares

Where RCI Bank UK is available

Available
United Kingdom
Licence in United Kingdom
Prudential Regulation Authority (815220), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What interest rate does RCI Bank UK pay?+

The account pays 3.95% and the rate type is variable, so the figure is the rate at the time rather than a fixed return locked for a term. Interest is paid on the balance held, and the account is easy access rather than a notice or fixed-term product.

Is there a monthly fee to keep the account open?+

The monthly fee is £0 and the account is listed as no monthly fee, so nothing is deducted each month for holding it. The only amount to set aside when opening is the minimum deposit of £100.

Is my money safe with RCI Bank UK?+

Deposits are covered by FSCS up to GBP 85,000, so savings sit inside the stated protection limit. The bank, RCI Bank UK Limited, is regulated by the Prudential Regulation Authority in the United Kingdom, with reference 815220, and has been trading since 2015.

How do I pay money in and take it out?+

The account is easy access with unlimited payments and withdrawals, and money moves through a linked UK current account or another RCI Bank UK savings account. The account stays open while a small balance is kept, so a current account link is the practical route for everyday use.

How much do I need to open the account?+

The minimum deposit is £100, which sits above the €0 median minimum deposit for savings accounts on the site. Anyone starting with a very small sum should check that opening amount is workable before applying.

How does the rate compare with other savings brands?+

At 3.95%, the rate is above the 3.29% offered by Wise and the 3.01% from bunq, though those brands serve different markets. Finteres lists 0% to 36%, a spread of rates rather than a single easy-access figure.

What support can I get?+

Support runs on email, phone and help centre, giving savers email, phone and a help centre to work with. Anything that needs a conversation can happen by phone, while the help centre covers routine questions about paying in and taking money out.

Sources

  • rcibank.co.uk checked September 26, 2026

    Backs: Deposit protection, Headquarters, Legal entity, Licences

    “Registered offices: Rivers Office Park, Denham Way, Rickmansworth, WD3 9YS ... registered in England and Wales”

  • rcibank.co.uk/about-us/our-story checked September 26, 2026

    Backs: Founded

    “In 2015, RCI Bank launched in the UK, with a vision to provide a real alternative for UK savers”

  • rcibank.co.uk/help-and-support/contact-us checked September 26, 2026

    Backs: Support channels

    “Our Customer Service team are available to help 7 days a week ... Telephone 0345 6056050 ... Email hello@rcibank.co.uk”

  • rcibank.co.uk/savings-accounts checked September 26, 2026

    Backs: Account kind

    “Easy access : 3.95% AER gross variable ... Free your savings with the Freedom Savings Account from RCI Bank”

  • rcibank.co.uk/savings-accounts/freedom-savings-account checked September 26, 2026

    Backs: Access terms, Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type

    “Easy access with unlimited payments and withdrawals ... You need to pay in and out through an RCI Bank savings account or a 'linked' UK current account ... Keep your Freedom Savings Account open by...”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term.

RCI Bank UK

RCI Bank UK

Easy access at 3.95% variable with no monthly charge.

8.7/10See alternatives