Ulster Banks Account.

shaz77_2

What do NI customers think of the new fixed high interest account?

ballyblack

Which Ulster Bank account is that??

cooki2222

shaz77 wrote: »

What do NI customers think of the new fixed high interest account?

Ulster says No!!


haha sorry couldnt help it

shaz77_2

ballyblack wrote: »

Which Ulster Bank account is that??

http://www.ulsterbank.com/ni/personal/saving/instant-access/esavings-plus.ashx

ballyblack

Yes it seems a good deal paying 3.75% for instant access?

BUT

"Instant Access – your money is there when you need it, interest will be lost in any month a withdrawal is made. If a withdrawal is made in any of the first six months after the account has been opened, only the bonus rate (0.50%) will be paid on that month."

So its NOT instant access if you want to get the headline rate

The headline rate of 3.75% will probably diminish within the 6 months, so this account is not as attractive as it first appears. Beware of Sneaky bankers!!

.

BOBS

thats me out ,.... min deposit £10,000 ....

shaz77_2

ballyblack wrote: »

Yes it seems a good deal paying 3.75% for instant access?

BUT

"Instant Access – your money is there when you need it, interest will be lost in any month a withdrawal is made. If a withdrawal is made in any of the first six months after the account has been opened, only the bonus rate (0.50%) will be paid on that month."

So its NOT instant access if you want to get the headline rate

The headline rate of 3.75% will probably diminish within the 6 months, so this account is not as attractive as it first appears. Beware of Sneaky bankers!!

.

Can money be added to this account after the initial deposit?

ballyblack

YES



"Watch your savings reach new heights with our new eSavings Plus account. Earn a great rate of 3.46% Gross, 3.26% AER, including an introductory bonus of 0.50% for six months.

Minimum Balance - £10,000
Maximum Balance - £100,000
Watch your money grow – a monthly Standing Order helps to build your savings.
Instant Access – your money is there when you need it, interest will be lost in any month a withdrawal is made. If a withdrawal is made in any of the first six months after the account has been opened, only the bonus rate (0.50%) will be paid on that month.
Flat rate – After the introductory period, continue to earn a great 2.96% Gross, 3.00% AER variable.
Monthly interest – calculated daily and paid directly into your account."

shaz77_2

ballyblack wrote: »

YES



"Watch your savings reach new heights with our new eSavings Plus account. Earn a great rate of 3.46% Gross, 3.26% AER, including an introductory bonus of 0.50% for six months.

Minimum Balance - £10,000
Maximum Balance - £100,000
Watch your money grow – a monthly Standing Order helps to build your savings.
Instant Access – your money is there when you need it, interest will be lost in any month a withdrawal is made. If a withdrawal is made in any of the first six months after the account has been opened, only the bonus rate (0.50%) will be paid on that month.
Flat rate – After the introductory period, continue to earn a great 2.96% Gross, 3.00% AER variable.
Monthly interest – calculated daily and paid directly into your account."

Thanks, I've now setup this account however I have no idea how to transfer more money into it, how is this done?

ballyblack

Presumably With the sort code & a/c number lodge from any Ulster Bank or bank

or set up Ulster Bank internet personal banking and you can do it electronically