Ulster Bank Loyalty Saver - When do you get Interest payments?

eco_wario

Hello all, newbie here with a newbie question. 

I set up a Loyalty Saver with Ulster Bank in March 2024, and I was expecting to receive an interest payment on the anniversary date. However I just noticed that a payment came through in January at the start of the new year, and this is the only interest payment for this account so far. I cannot find anywhere online where interest payment dates are given - should I expect more interest payments this year? Would there be one on the anniversary date? 

Help!
Clueless Newbie

eskbanker

The interest is paid in January, not on anniversaries, can't remember exactly where this is specified though.

Middle_of_the_Road

eco_wario said:

Hello all, newbie here with a newbie question. 

I set up a Loyalty Saver with Ulster Bank in March 2024, and I was expecting to receive an interest payment on the anniversary date. However I just noticed that a payment came through in January at the start of the new year, and this is the only interest payment for this account so far. I cannot find anywhere online where interest payment dates are given - should I expect more interest payments this year? Would there be one on the anniversary date? 

Help!
Clueless Newbie

Interest is paid annually on the first working day in January. No other payment dates.

youngretired

Interest is applied annually in January or upon closure. It's mentioned in the information sheet they send you upon opening.