Deposits into RCI Bank E-Volve Saver will be used exclusively for the financing of EVs, charging infrastructure and future green mobility projects. This new product enables consumers to put their money towards supporting both greener transport and mobility, which answers to a new demand from customers.
RCI Bank’s E-Volve Saver is launched as a 14-day notice account with a 0.55% AER Gross Variable. It is available to new and existing customers.
Minimum pay in is £1,000 and maximum deposits is £1 million. Find more about the terms of RCI Bank E-Volve Saver account on RCI Bank's website.
The product fully considers the nascent regulatory and industry standards for green finance in the EU and UK, especially the Green Loan Principles (use of proceeds, project evaluation and selection, management of proceeds, reporting). Hence, RCI Bank E-Volve Savings deposits are tracked and recordable.