RCI Bank UK review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
RCI Bank UK suits UK savers who want easy access to their money with no recurring charge. The easy-access account pays a variable rate of 3.95%, above the site median 3%, and deposits are covered by FSCS up to GBP 85,000, with the Prudential Regulation Authority as the UK regulator.
Key facts
- Best for
- An easy-access savings account with no monthly fee for savers who move money in and out often.
- 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
- Deposits are covered by FSCS up to GBP 85,000, and the account is regulated in the UK by the Prudential Regulation Authority.
- Money can move as often as needed through a linked UK current account or another RCI Bank savings account, and the account stays open while a balance remains.
- Help runs on email, phone and help centre, so a question about the account can reach a person by phone or email.
- The account is provided by RCI Bank UK Limited, which has operated in the UK since 2015.
Cons
- The rate type is variable, so the return can move and there is no fixed rate to lock in.
- Opening takes a minimum deposit of £100, above the site median €0.11.
- Money moves in and out through a linked UK current account or another RCI Bank savings account, so it suits savers who keep one of those.
Who it suits
- Savers who want cash in and out often without giving up interest.
- UK residents who keep a linked current account open, since that is how money moves in and out.
- Anyone comfortable with a variable rate who wants deposits inside FSCS up to GBP 85,000.
Who should look elsewhere
- Savers chasing a much higher headline number, since AXI Card Tarjeta y Credito lists 21.59% and Plazo ES lists 24.19%.
- Readers who want a savings account aimed at another market, such as PayPal Colombia at 3.3%.
Fees and currency costs
The easy-access account carries a monthly fee of £0 and needs a minimum deposit of £100 to open, both in pounds. The monthly charge is the easy part, because a funded balance can sit there without charge. The opening deposit is the figure to weigh, since it is the one number you hand over before the account exists.
Where it sits among rivals
On headline rate the account places 161 among 473 brands ranked on the site, which puts a variable rate in the middle of the field rather than near the top. On minimum deposit it ranks 315 of 370, so the opening requirement is the weaker of the two numbers.
How RCI Bank UK compares
8.7 vs 8.6
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8.7 vs 9.1
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8.7 vs 8.7- 8.7 vs 8.0
8.7 vs 9.0
8.7 vs 8.1
8.7 vs 8.7
8.7 vs 8.0
8.7 vs 9.5
8.7 vs 9.4
8.7 vs 9.3
8.7 vs 9.2
8.7 vs 9.0
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8.7 vs 8.4
8.7 vs 8.3
8.7 vs 9.0
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 rate does RCI Bank UK pay?+
The easy-access savings account pays a headline rate of 3.95%, and the rate type is variable. A variable rate moves with the market, so the figure to read is the one shown when you open the account, not the one quoted here.
What does it cost to hold the account?+
The monthly fee is £0, so there is no recurring charge set against your balance. The one number you commit up front is the minimum deposit of £100 needed to open, which is the figure to compare across easy-access accounts.
Is my money protected?+
Deposits are covered by FSCS up to GBP 85,000, and the account sits with RCI Bank UK Limited, a UK bank. Anything held above the scheme limit falls outside that cover, which matters if you plan to keep a large balance or more than one account with the bank.
Who regulates RCI Bank UK?+
The regulator is the Prudential Regulation Authority, listed for this bank in the UK, and the reference 815220 identifies its entry. Deposits here sit under FSCS up to GBP 85,000, so the money and its supervision both sit in the UK.
How do I pay money in and take it out?+
The account kind is listed as easy access, with unlimited payments and withdrawals. Money moves through a linked UK current account or another RCI Bank savings account, and the account stays open as long as a balance remains in it.
Who is the account for?+
It suits UK savers who want their money reachable, and who are comfortable with a variable rate that can move. The account kind is easy access and the headline rate is 3.95%, so the offer is built around access rather than a longer term.
How do I get help?+
Help is offered by email, phone and help centre, so a question about the account can go to the phone line, by email or through the help centre. The bank is RCI Bank UK Limited, regulated in the UK, and has worked from there since 2015.
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.
Related by the facts
RCI Bank UK
An easy-access savings account with no monthly fee for savers who move money in and out often.