Rci 95 days notice account - rate reduction

Usa2019

We recently decreased the rate on our 95 Day Notice Account for new customers from 1.40% AER gross variable to 1.00% AER gross variable.

As an existing customer, we will maintain your current rate of 1.40% AER gross variable until the 26th of September 2020. After this date the rate on your account will be reduced, in line with our new customer rate of 1.00% AER gross variable.

We don’t make these decisions lightly and we will consider a lot of factors before we reduce the rates on our savings products. These include the need for deposits to invest in our UK businesses, the interest rates on similar products offered by competitors and the Bank of England base rate.

All withdrawals are subject to 95 days’ notice. If you would like to partially withdraw your balance or close your account before the new reduced rate of 1.00% AER gross variable applies to your account, please allow enough time to do this

StephenM_2

And another cut

Interest rate	Date the interest rate applies
1.40%	Applies up to and including 26th September 2020
1.00%	Applies between 27th September 2020 and 18th October 2020
0.80%	Applies between 19th October 2020 and 08th December 2020
0.65%	Applies from 09th December 2020