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RCI Bank: Freedom Savings Account reviews

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4.89
Based on 10,585 reviews, last reviewed 18th Mar 2026
311300% increase in 5 star reviews
in the past 90 days
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Latest highest rating:

4

I've never had any trouble with RCI bank. I've never had any trouble with RCI bank over the years. However, when my wife tried to open an account she was treated quite badly. As she's not an E... Read more Reviewed on: 18th March 2026
TEOHEM's avatar
TEOHEM

Latest lowest rating:

1

I recently told RCI bank about an illness I have and... I recently told RCI bank about an illness I have and wanted to close my accounts. I was told my money would be in my nominated bank account by the clo... Read more Reviewed on: 12th March 2026
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T S
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About this product

RCI Bank savings reviews can help you to find out more about life at RCI Bank. How easy is it to contact RCI Bank? And how friendly are they? Our RCI Bank savings reviews can help you to find out information like this. Smart Money People is an independent source of honest reviews.

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RCI Bank Freedom Savings Account reviews (10585)

So far so good...

3
I opened my account in Nov '15, and so far no issues. With regard to previous reviews, my understanding is that the requirement for a registered account is fairly obvious - it's where an online savings bank accepts a deposit from, but more importantly, it's where they return a withdrawal to. This, to my mind, keeps things simple and secure (for both parties). With regard to interest rates, I also opened at 1.65%. And whilst there have been a couple of reductions along the way, these were small and not wholly unexpected, given the prevailing financial climate - and were well communicated in advance by the bank each time. With regard to the larger drop from 1.45% to 1.2% in particular, this was a direct result of the BoE halving the base rate from 0.5% to 0.25%. This impacted similarly upon savings rates across the board, therefore (I feel) it is probably unfair to use this as a stick to beat RCI Bank with within a review..! Reviewed on: 5th October 2016
S Sadler's avatar
S Sadler

Easy usage

4
Easy to set up and online but need a linked account to pay in/ withdraw not a big problem however. The one downside like listed already is that when I joined at a 1.45% interest paid per annum (1.44% if paid monthly) at the beginning of July the interest has now been lowered to 1.2%. Reviewed on: 31st August 2016
john's avatar
john

If you want a teaser rate...

3
Moved to RCI in October 2015 when they were offering a rate of 1.65%, it was then lowered to 1.55% in January and has now been lowered to 1.45% (March), pretty disappointing really, the number of changes per year s/b limited. Also, you can only pay money in from a registered account, i transferred money from another account to RCI and it was rejected, taking 2 days to re-appear in my original account, not ideal. Reviewed on: 28th March 2016
jack1986's avatar
jack1986

Good rate

3
Easy to open account online and the interest rate is better than most. Cannot comment on customer service as it has not been needed. These are a foreign bank so have a different protection scheme for money Reviewed on: 28th March 2016
val's avatar
val

Instant access savings

5
Just opened a savings account with RCIbank as it has the best rate of interest around so far for instant access. I had some issues with passwords etc which were of my own making but the bank dealt with them patiently and respectfully. All is up and running smoothly so far with interest shown monthly. Reviewed on: 1st March 2016
Peter Smith's avatar
Peter Smith

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