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RCI Bank

General Information

Overview

RCI Bank is part of French motor giant Renault. It launched in the UK in 2015, using its French banking licence, but was subsequently authorised as a bank in the UK in March 2019. RCI uses its savings book to finance car loans for the Renault Group.

Banking Licence

RCI have their own banking licence which isn’t shared with any other banks

Registration Numbers

Companies House Number: 11429127

Financial Conduct Authority: 815220

Based: Head Office is in Rickmansworth but its savings business is based in Newcastle

Date Launched: June 2015

FSCS Protected? Yes

Branches: RCI does not have any branches

People of Interest

Head of Savings

Tafari Smith

Chief Executive

Alice Altemaire

Saving Information

No. of Savers

75,000 approximately *

Amount of Deposits

Circa £3bn *

Loan Book

UK figures are not available but the Group lends around £20bn

Account Opening and Management

How Do I Open a Savings Account

Internet

How Do I Manage a Savings Account

Internet, Telephone

 

Lending Activities

RCI lends its savings balances to customers who need finance for their Renault and Dacia vehicles 

 

* RCI will publish its 2019 accounts shortly, which will have the UK figures.  Currently, its figures are amalgamated in to RCI Banque

Reviews

Feefo Reviews

No reviews on Feefo

Savings Guru Verdict

RCI Bank offer a range of savings products including an easy access account, notice and fixed rate bonds from 1 - 5 years in duration.  During 2020, they've appeared consistently in our best buy tables, across all their products.  Their easy access account has one rate, which we like for its fairness, as new savers cannot get a better rate than existing ones.

Contact Information for RCI Bank

Contact Details

 

Savings:

FREEPOST

RCI Bank

 

Head Office:

Rivers Office Park

Denham Way,

Rickmansworth

WD3 9YS

 

Telephone: 0345 6056 050

Website: https://www.rcibank.co.uk/

Email: hello@rcibank.co.uk

Opening Hours: Monday - Thursday 8am-8pm, Friday 8am-6:30pm, Saturday 9am-5pm and Sunday 10am-4pm.

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

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