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RCI Bank: Fixed term savings account reviews

Name: Fixed term savings account
Rating: 4.85 (3962 reviews)

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4.85

Based on 3,962 reviews, last reviewed 29th Apr 2026

49% decrease in 5 star reviews

in the past 90 days

100% increase in 1 star reviews

in the past 90 days

91%

Latest highest rating:

5

All good , easy to use and competitive in the market. All good , easy to use and competitive in the market. Reviewed on: 29th April 2026

Latest lowest rating:

1

I've been banking woth RCI Bank for a number of year... I've been banking woth RCI Bank for a number of years, investing in different accounts they provide. Ive found there banking system safe easy to use. ... Read more Reviewed on: 17th April 2026

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About this product

With RCi, you can lock your money away in a fixed term savings account.

RCi fixed term savings accounts are available for one, two, three, four or five years. You’ll need to open the account with between £1,000 and £1 million. Unlimited top-ups can be made in the first 14 days.

RCi fixed term savings account reviews help you find out what it’s really like to be a customer. If you’ve used RCi before, you can also leave a review and share your experience.

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RCI Bank Fixed term savings account reviews (3962)

Customer service

Been on hold all weekend. Worst telephone customer service ever. Its Monday now and still waiting to speak with someone. My phone bill will be huge this month (: Reviewed on: 7th November 2022

Reply from RCI Bank Hi Azhar, head of savings here, and with bit of a long reply to all the comments but bear with me. I’m very sorry if you had a long wait time on the telephone or not being able to connect. We’ve kept some very competitively priced accounts on sale for the past two weeks up to this morning. At a time when household finances are stretched, I asked the team to give some priority to opening accounts at these rewarding rates (rather than taking the products off sale) so customers would earn a competitive return on their savings for years to come. I’m sorry this impacted your experience with us. I also regret this happened to as many people as it did- we do take onboard all feedback. Due to the sheer volume of applications, the team has been busy processing over 30k manual account openings, telephone calls, emails, and inquiries as we welcomed tens of thousands of new savers. We’re heartened that so many UK households are saving and getting a rewarding rate of interest. We’re now working through the contact backlog. If you still have an outstanding issue and would like a personal response to your query, please follow us on Facebook and send us a private message so that we can contact you directly. Please make sure it’s a private message and you don’t publish your personal information for all to see. Best wishes! Response date: 17th November 2022

BIG CALL MANAGEMENT PROBLEM - "We are experiencing high call volumes at the moment"

BIG CALL MANAGEMENT PROBLEM. Yesterday (Friday 4th November) I held on the phone for 35 minutes for someone to answer the phone on a query I had with opening a 1 year Fixed Deposit. I followed this up with an email dealing with the same query. No response to date so have sent a second email. 5th November). I am trying to speak to someone today (Saturday I am still holding on the phone right now. I'm growing tired of hearing - "Apologies for the delay, We're experiencing high call volumes at the moment. Please stay on the line and we'll answer your call as soon as we can". Why can' tthe much repeated message give an indication of where the caller is in the queue, as other organisation do. In this way a decision can be made by the caller as to whether it is worth holding on. Now this would be a real service to their customers. BTW have been hanging on the phone for over 41 minutes and have decided to quit.right now. Reviewed on: 5th November 2022

Reply from RCI Bank Hi Roger, head of savings here, and with bit of a long reply to all the comments but bear with me. I’m very sorry if you had a long wait time on the telephone or not being able to connect. We’ve kept some very competitively priced accounts on sale for the past two weeks up to this morning. At a time when household finances are stretched, I asked the team to give some priority to opening accounts at these rewarding rates (rather than taking the products off sale) so customers would earn a competitive return on their savings for years to come. I’m sorry this impacted your experience with us. I also regret this happened to as many people as it did- we do take onboard all feedback. Due to the sheer volume of applications, the team has been busy processing over 30k manual account openings, telephone calls, emails, and inquiries as we welcomed tens of thousands of new savers. We’re heartened that so many UK households are saving and getting a rewarding rate of interest. We’re now working through the contact backlog. If you still have an outstanding issue and would like a personal response to your query, please follow us on Facebook and send us a private message so that we can contact you directly. Please make sure it’s a private message and you don’t publish your personal information for all to see. Best wishes! Response date: 17th November 2022

Never answer the phone

Tried to set up an Account but on hold for ages. If I am dealing with a Bank that doesn't have branches I expect to be able to contact them. Now taking an Account for less interest elsewhere. Reviewed on: 5th November 2022

Reply from RCI Bank Hi Sean, head of savings here, and with bit of a long reply to all the comments but bear with me. I’m very sorry if you had a long wait time on the telephone or not being able to connect. We’ve kept some very competitively priced accounts on sale for the past two weeks up to this morning. At a time when household finances are stretched, I asked the team to give some priority to opening accounts at these rewarding rates (rather than taking the products off sale) so customers would earn a competitive return on their savings for years to come. I’m sorry this impacted your experience with us. I also regret this happened to as many people as it did- we do take onboard all feedback. Due to the sheer volume of applications, the team has been busy processing over 30k manual account openings, telephone calls, emails, and inquiries as we welcomed tens of thousands of new savers. We’re heartened that so many UK households are saving and getting a rewarding rate of interest. We’re now working through the contact backlog. If you still have an outstanding issue and would like a personal response to your query, please follow us on Facebook and send us a private message so that we can contact you directly. Please make sure it’s a private message and you don’t publish your personal information for all to see. Best wishes! Response date: 17th November 2022

Impossible to speak with queries - don't answer phone !

tried to open fixed term account - had query before depositing large sum of savings - tried 4 times on different days and diff times - always the same "high call volumes" whatever time of day, and they never actually answer! if they want the customers the need to provide the service ! Reviewed on: 4th November 2022

Reply from RCI Bank Hi, head of savings here, and with bit of a long reply to all the comments but bear with me. I’m very sorry if you had a long wait time on the telephone or not being able to connect. We’ve kept some very competitively priced accounts on sale for the past two weeks up to this morning. At a time when household finances are stretched, I asked the team to give some priority to opening accounts at these rewarding rates (rather than taking the products off sale) so customers would earn a competitive return on their savings for years to come. I’m sorry this impacted your experience with us. I also regret this happened to as many people as it did- we do take onboard all feedback. Due to the sheer volume of applications, the team has been busy processing over 30k manual account openings, telephone calls, emails, and inquiries as we welcomed tens of thousands of new savers. We’re heartened that so many UK households are saving and getting a rewarding rate of interest. We’re now working through the contact backlog. If you still have an outstanding issue and would like a personal response to your query, please follow us on Facebook and send us a private message so that we can contact you directly. Please make sure it’s a private message and you don’t publish your personal information for all to see. Best wishes! Response date: 17th November 2022

I have been with you for many years and have never had any problems

you have a great customer service team that is why I will always stay with you Reviewed on: 21st March 2022

You can bank on us !

Excellent contact with all the staff when contacted with clear assistance on all financial matters leaving me feeling very confident . Reviewed on: 20th March 2022

Straightforward and good rates

Straightforward to apply and good rates (at the time) Reviewed on: 13th March 2022

Award winning service

Competitive rate of interest backed up by simple to use system processes. Reviewed on: 12th March 2022

Great interest rate

This was the best interest rate I could find at the time. Happy with the account set up process. No issues since. Reviewed on: 8th March 2022

Great company

Good interest rates. Easy to open account. Kept informed of products and any changes Reviewed on: 8th March 2022

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