The New Top Easy Access Savings Discussion Area

Middle_of_the_Road

The terms are unclear, but there are no need for phone calls etc, you'll probably get inaccurate responses yet again.

The interest rate is correctly applied, daily at the close of business.

Steve_xx

Middle_of_the_Road said:

The terms are unclear, but there are no need for phone calls etc, you'll probably get inaccurate responses yet again.

The interest rate is correctly applied, daily at the close of business.

There is a need for accuracy. I would like them to agree to amend the terms and conditions to better reflect the intention. 

I'm not questioning whether or not the interest is paid daily and applied theretoo. I am debating whether when or if the account dips below 5K and then returns to a balance above 5K that the bonus payment having been lost, will then be restored.

Middle_of_the_Road

Steve_xx said:

Middle_of_the_Road said:

The terms are unclear, but there are no need for phone calls etc, you'll probably get inaccurate responses yet again.

The interest rate is correctly applied, daily at the close of business.

There is a need for accuracy. I would like them to agree to amend the terms and conditions to better reflect the intention. 

I'm not questioning whether or not the interest is paid daily and applied theretoo. I am debating whether when or if the account dips below 5K and then returns to a balance above 5K that the bonus payment having been lost, will then be restored.

Interest is not paid daily, the correct rate is applied daily. 

Steve_xx

Middle_of_the_Road said:

Steve_xx said:

Middle_of_the_Road said:

The terms are unclear, but there are no need for phone calls etc, you'll probably get inaccurate responses yet again.

The interest rate is correctly applied, daily at the close of business.

There is a need for accuracy. I would like them to agree to amend the terms and conditions to better reflect the intention. 

I'm not questioning whether or not the interest is paid daily and applied theretoo. I am debating whether when or if the account dips below 5K and then returns to a balance above 5K that the bonus payment having been lost, will then be restored.

Interest is not paid daily, the correct rate is applied daily. 

As I said I'm not questioning when interest is paid. I am seeking assurance from Ulster about the bonus element, ie if it is forfeited due to a sub 5K balance, is it then restored once a post 5K balance is restored.

Middle_of_the_Road

The displayed interest rate is based on your balance at the close of business, daily.
There would be no need to provide daily rates, if it was possible that the high rate could be permanently forfeited.

Steve_xx

Middle_of_the_Road said:

The displayed interest rate is based on your balance at the close of business, daily.
There would be no need to provide daily rates, if it was possible that the high rate could be permanently forfeited.

It would appear that this only applies to 2 October 2025!

DRS1

Fool question on the Ulster Ltd Ed Saver.  If you don't have an app and want to operate it online only then it looks like you need a card reader for withdrawals.  But is there actually a card issued for this account for the card reader to read?  The web page says No card issued at the moment but of course I have only just opened the account and did not have another account with Ulster (or NatWest for that matter).

Middle_of_the_Road

Steve_xx said:

Middle_of_the_Road said:

The displayed interest rate is based on your balance at the close of business, daily.
There would be no need to provide daily rates, if it was possible that the high rate could be permanently forfeited.

It would appear that this only applies to 2 October 2025!

..and will update daily

friolento

DRS1 said:

Fool question on the Ulster Ltd Ed Saver.  If you don't have an app and want to operate it online only then it looks like you need a card reader for withdrawals.  But is there actually a card issued for this account for the card reader to read?  The web page says No card issued at the moment but of course I have only just opened the account and did not have another account with Ulster (or NatWest for that matter).

They do a Service Card which works in all the Natwest / Nationwide etc type card readers. Sorry, don’t know how to get one of those- best if you ask them directly as only they can issue one of these

SH88SH88

Oxbury Easy Access Bonus Base Rate Tracker 1 ... bonus ends on 18/10 ... so Rate will drop from 4.28/4.36 to 3.47/3.53  .