1 Year Fixed Term Savings Account - RCI Bank

1 Year Fixed Term Savings Account

RCI Bank
1.56 % AER
Headline Interest Rate
Fixed
For 12 months
FDGR
Compensation Scheme
£ 1,000 min initial deposit
£ 1,000,000 max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 1.56 % AER
Headline Interest Balance: £ 1,000
Protection Scheme: The French deposit guarantee scheme (the FGDR, or Fonds de Garantie Dépôts et de Résolution) pays compensation to depositors up to a maximum amount, currently set at €100,000. The FGDR's investor compensation scheme becomes effective when the ACPR (Autorité de contrôle prudentiel et de résolution - the french financial regulator) determines that the service provider is no longer able to return to its customers the securities and associated cash entrusted to it.
Minimum Initial Deposit: £ 1,000
Date account was introduced: 21 Jul 2017

This account may be appropriate for you if

  • You are happy not withdrawing funds before the end of the term
  • You are over 18 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£1,0001.56%1.56%1.56%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: annually, monthly
Minimum Balance: £ 1,000
Maximum Balance: £ 1,000,000
Statement Frequency: on-line
Additional Deposits: Allowed
Standing Orders: Not allowed

Withdrawals

Withdrawal Conditions: No withdrawals or closure permitted during term.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: Withdrawals are not permitted during term.
Transferred on Maturity: RCI Bank will contact customer thirty days before the end of the term. If no instruction given they will convert the Fixed Term Account into their current easy access account.

Conditions

Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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