Ulster Bank: Easy Access Savings Account at 1.25% pa

soulsaver

janusdesign wrote: »

well if they launch a new account after this month, my passport will have expired!

You can renew on-line now... no photo booth required

Gambler

Any news on them raising the interest rate?

RG2015

Gambler wrote: »

Any news on them raising the interest rate?

Absolutely no way will they be raising the rate. They were banking on a quick influx of cash. Now the account is closed to new applications, raising the interest only loses them money.

King_Of_Fools

RG2015 wrote: »

Absolutely no way will they be raising the rate. They were banking on a quick influx of cash. Now the account is closed to new applications, raising the interest only loses them money.

Just had an email to say they will be lowering the rate to 1% on 6th April 2018!

G_M

This is the current interest rate on your eSavings account:

Savings Balance £1+ AER/Gross Rate pa (variable) 1.25%

From 6th April 2018, the interest rate on your eSavings account will be:
Savings Balance £1+ AER/Gross Rate pa (variable) 1.00%

veryintrigued

Not great news but thanks all the same

miller

I suppose this is inevitable given it's RBS we are dealing with.

Marksfish

A lot of account closures in the near future then!

miller

Given the shambolic nature in which these accounts were opened, for me it will have an effective life of 8 months (August 2017 - March 2018 inclusive).

Bait and switch at its best.

fwor

Agreed - what a waste of time and effort for all concerned. I will be transferring everything out on the 5th.

I wonder if whoever came up with the idea will ever have to account for the administration costs and the loss of goodwill from all of us that see our time as being wasted.