RCI Bank

talexuser · 22 December 2018 at 1:01PM

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 · 22 December 2018 at 1:16PM

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 · 22 December 2018 at 2:15PM

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 · 22 December 2018 at 2:21PM

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 · 12 January 2019 at 7:20PM

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 · 12 January 2019 at 7:26PM

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

soulsaver · 12 January 2019 at 10:51PM

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

RCI Bank

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