Notice Accounts

Rheumatoid

slinger2 said:

RCI cutting my rate to 4.20% from 16 December. No surprise there since they'd already cut the rate to that for new customers. Oddly it says my "current rate" is 4.50% when it's actually 4.70% and I was never informed of a cut to 4.50%.

I've got 3 other 90/95 day accounts (Investec, DF Capital and Vanquis) and it looks like RCI may still be the top of that list at the end of the year. Anyway it's a guaranteed 4.7% for the next 3.5 months.

Same here. Says mine is reducing to 4.2 from 4.41 but have never been advised of a drop to 4.41

Weird.

I guess if all of us are on 4.7 and have had no notification of a drop to prior to today we have a strong case for staying on 4.7 for the next 109 days.

Rheumatoid

Even stranger my Mum has just been emailed and she is currently on 4.7 but her rate is dropping from 4.12 to 4.05

all a bit nuts.

slinger2

Some of these oddities are explainable as being monthly rates: 4.70% AER = 4.60% gross monthly. 4.50% AER = 4.41% gross monthly. 4.20% AER = 4.12% gross monthly.

Rheumatoid

slinger2 said:

Some of these oddities are explainable as being monthly rates: 4.70% AER = 4.60% gross monthly. 4.50% AER = 4.41% gross monthly. 4.20% AER = 4.12% gross monthly.

Agreed but not the interim rates no-one seems to have been notified about or the difference between mine and my Mums

slinger2

The 4.50/4.41% rate was only offered to new customers briefly from 12 August, so they wouldn't have notified any existing customers before that date. 109 days from then takes us to 29 November, so I shan't be losing any sleep over the issue, either way.

Personally I'll be giving notice in 2 weeks time and I can then decide what to do with the money in mid-December.

nigelholl2

slinger2 said:

RCI cutting my rate to 4.20% from 16 December. No surprise there since they'd already cut the rate to that for new customers. Oddly it says my "current rate" is 4.50% when it's actually 4.70% and I was never informed of a cut to 4.50%.

I've got 3 other 90/95 day accounts (Investec, DF Capital and Vanquis) and it looks like RCI may still be the top of that list at the end of the year. Anyway it's a guaranteed 4.7% for the next 3.5 months.

I am in the same position, just spent 10 mins thinking I had missed the earlier notification, still a little time for thinking to put a withdrawal request in before the notice period ends.

Rheumatoid

From RCI

I’m writing to clarify an error with previous correspondence Your RCI Bank 95 Day Notice Account interest rate is decreasing dated 26th August 2025. Upon review, we discovered that the existing rate provided was incorrect. Due to an administrative error, the “current rate” confirmed in our earlier email to you was not correct. Please rest assured that the rate you can see on your account is correct, and not the rate confirmed to you in our email if this appears different. Below you will find a corrected version of that message. We sincerely apologise for any confusion this may have caused and appreciate your understanding. Your RCI Bank 95 Day Notice Account interest rate is decreasing We are emailing to let you know the interest rate on your RCI Bank 95 Day Notice Account is decreasing as of 16th December 2025. The current rate and new rate payable on your account are detailed below for your information.

 

Current rate   /New rate   4.60%   /4.20% AER Gross Variable Annual / 4.12% Gross Variable Monthly

slinger2

Rheumatoid said:

From RCI

I’m writing to clarify an error with previous correspondence Your RCI Bank 95 Day Notice Account interest rate is decreasing dated 26th August 2025. Upon review, we discovered that the existing rate provided was incorrect. Due to an administrative error, the “current rate” confirmed in our earlier email to you was not correct. Please rest assured that the rate you can see on your account is correct, and not the rate confirmed to you in our email if this appears different. Below you will find a corrected version of that message. We sincerely apologise for any confusion this may have caused and appreciate your understanding. Your RCI Bank 95 Day Notice Account interest rate is decreasing We are emailing to let you know the interest rate on your RCI Bank 95 Day Notice Account is decreasing as of 16th December 2025. The current rate and new rate payable on your account are detailed below for your information.

 

Current rate   /New rate   4.60%   /4.20% AER Gross Variable Annual / 4.12% Gross Variable Monthly

I've got the same email, although mine says 4.70% for the Current rate because I have interest paid annually, rather than monthly.