Savers protected

RCI Bank has obtained a UK banking licence, so its savers’ cash is now covered by the Financial Services Compensation Scheme. This protects up to £85,000 of your money should the bank go bust.

RCI, which is owned by Renault and launched in the UK almost four years ago, previously subscribed to the French deposit protection scheme, which covers up to €100,000 (around £85,542).