Ulster Bank pathway account A word of warning!!!!!!!

Northern_Rock

also in same boat with same account,i also didnt realise that interest would be paid annually in my case october 2010 although thats most likely my fault as i had believed i would be getting interest added monthly , i had only planned on keeping account for 6 months to get the good interest rate but in light of above posts i will be transferring the £10k limit every day to a new account once i decide who is competitive at moment, i wish i had gone with my instinct and avoided northern irish banks which i have done all my life ( i live in n.ireland),no big loss, just need to read the small print better next time

cottager

Northern_Rock wrote: »

i also didnt realise that interest would be paid annually in my case october 2010

See top 2 posts here:
http://forums.moneysavingexpert.com/showthread.html?t=2062911&page=2

Arthurian

http://forums.moneysavingexpert.com/showthread.html?t=2062911&page=3
Post #49 by G-M says you can use a standing order to take £100,000 out.

withnell

All RBS group savings work like this - Barclays also have a 10k a day limit on their accounts (which not too long ago was 1k!)

thirlmere

Arthurian wrote: »

Post #49 by G-M says you can use a standing order to take £100,000 out.

Ulster Bank says you can't

KingL

Not that it'll help you much, but we discovered this with the previous Ulster Savings account.
http://forums.moneysavingexpert.com/showpost.html?p=26707893&postcount=9

soulsaver

http://forums.moneysavingexpert.com/showpost.html?p=27893947&postcount=43
Yes - I brought it up here in December after one of their customer service guys mentioned it in a preliminary call ...but as it wasn't mentioned on their site I think it wasn't taken seriously on here.

I didn't worry too much 'cos I wasn't putting that much in. But if not in their published terms I can't believe it's legal?