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RCI Bank: Freedom Savings Account reviews

Name: Freedom Savings Account
Rating: 4.85 (8978 reviews)

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4.88

Based on 8,977 reviews, last reviewed 6th Feb 2026

80100% increase in 5 star reviews

in the past 90 days

300% increase in 1 star reviews

in the past 90 days

88%

10%

Latest highest rating:

5

Easy UX, clear communication, good savings rates Easy UX, clear communication, good savings rates Reviewed on: 6th February 2026

Latest lowest rating:

1

App friendly savings Easy to use app that clearly shows different savings rates Reviewed on: 2nd February 2026

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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 (8978)

Saving made Simple!

It was easy to set up a savings account with RCI and their online support is very good. Despite the recent changes in saver rates, they still offer a very competitive product and for this reason, I have been saving with them for almost 2 years. It is easy to access and transfer my savings and I would have no hesitation in recommending them to others. Reviewed on: 7th May 2017

5* Banking

While RCI accounts can be difficult to log in to, saving with them has allowed me to save more money than previously. The interest rate is only slightly higher than my other savings account (Natwest)- but being attached to my current account, I find it much too easy to remove money when my funds appear low, only to never put it back in. Using a different service means my money is left well alone, but I am convinced the great customer service will make it easy to remove my money when the time arises. Reviewed on: 2nd March 2017

BEST OF THE BEST

Simple easy access account with the best rate out there.Easy to set up and manage. Reviewed on: 24th December 2016

So far so good...

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

Easy usage

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

If you want a teaser rate...

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

Good rate

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

Instant access savings

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

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