RCI Bank

talexuser

are going to get a UK banking license before Brexit date, so if they get to the top of the savings tables again and you were concerned about relying on the French compensation system, it should be the same risk as the UK competition in future.

stehouk

iv'e been using them since they were top, rates are climbing 1.42% now so i expect them to increase further when they get the license.

fwor

As said already, they have been increasing their rates recently and applying the increase to existing customers too, so they seem to be fair to deal with.


[BTW, it's a licence, not a license!]

talexuser

fwor wrote: »

[BTW, it's a licence, not a license!]

I thought after Brexit as part of a trade deal we have to accept the Yankee spelling of everything

Harvic

Have to say I've been very impressed with RCI over last couple of years. They have consistently increased interest rates in line with top few providers (even if by 0.05% at a time!). UK licence would be very much welcome from my point of view.

masonic

If they haven't brought their rate up to compete with Marcus already, I doubt they will when they have FSCS cover.

soulsaver

talexuser wrote: »

are going to get a UK banking license before Brexit date, so if they get to the top of the savings tables again and you were concerned about relying on the French compensation system, it should be the same risk as the UK competition in future.

As discussed here c.4 weeks ago:
https://forums.moneysavingexpert.com/discussion/5940701/rci-bank-to-get-fscs-protection&highlight=rci+bank