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Loyalty Saver
Savings account with instant access
No penalties or charges for withdrawals
Instant access to your money in branch, over the phone or online
Interest is calculated daily and paid annually on the first business day in January and at account closure.
You must be 16+ and a UK resident and hold an Ulster Bank current account to apply for our Loyalty Saver.
Balance
£1 - £4,999
£5,000+
AER/Gross p.a. (variable)
2.25%
5.20%
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- Interest is calculated daily and paid annually on the first business day in January and at account closure.
2. Can Ulster Bank change the interest rate?
Yes, these rates are variable.
They may be changed for any of the reasons set out in General Term 11.1 of the Ulster Bank Personal banking – terms and condions (see below), e.g. to take account of Bank of England base rate changes or changes in the rates paid by other banks. If the rates are going down, we’ll give you at least 60 days’ notice. If they are going up, we’ll inform you before the change or shortly afterwards. General Term 11.2 contains details of the notice we’ll give you.
3. What would the estimated balance be after 12 months based on a range of deposits?
Initial deposit at account opening
£1,000.00
£50,000.00
£150,000.00
£300,000.00
Balance (including interest) after 12 months
£1,022.50
£52,600.00
£157,800.00
£315,600.00
These are only examples and do not take into account your individual circumstances. They assume that:
No further deposits or withdrawals are made;
There is no change to the interest rates or tiers;
Any interest earned stays in the account.
4. How do I open and manage an account?
You must be 16+ and a UK resident and hold an Ulster Bank current account to apply for our Loyalty Saver.
You can open and manage your account on our mobile app, online or by telephone.
To open in branch you must bring your own digital device such as a mobile or tablet and our staff can assist you opening the account yourself. You'll of course be able to phone us too if you need help managing your account. You can also pay money into your account at one of our cash deposit machines.
You must be registered for the Anytime Banking services in order to manage your account via online, telephone or on the mobile app.
We will also need your email address and mobile number to open your account and send you important account opening documents.
No minimum deposit is required to open the account and no minimum deposit needs to be made on a regular basis.
There is a maximum balance limit of £1,000,000. If the account balance exceeds £1,000,000 we may ask you to transfer the excess funds into another account. |
5. Can I withdraw money?
Yes. No notice is required.
You can withdraw money: • In branch • By transfer to any other account based in the UK (online, by telephone or on the mobile app)
For online & telephone transfers, you need to set up Anytime Internet Banking and Telephone Banking and order and enable a card reader. An Anytime Banking card and PIN will be automatically provided for use with the card reader if you do not have an existing Ulster Bank debit card. Once you’re set up, you can withdraw money by online transfer, on the mobile app or through telephone banking, and no notice is required. If you are an existing customer who already has set up Anytime Internet Banking you can access your account as normal.
Please note there are daily limits on the amount that can be transferred from your account online, through telephone or mobile banking.
Information on the current daily limits is available on our website or by contacting Anytime Telephone Banking. |
6. Additional Information
Definitions
The interest payable is tax-free. The tax treatment may be subject to change in the future and depends on your individual circumstances.
Annual Equivalent Rate (AER)
This is a notional rate used for interest bearing accounts, which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.
Gross Rate
The interest rate you are paid without the deduction of income tax.
p.a. Per annum (per year).
Have your statements at your fingertips
We'll send you an email when your statements are ready to view in online banking. You can check it whenever you want.
Financial Services Compensation Scheme
Your eligible deposits held by a UK establishment of Ulster Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
Find out more about the scheme and how it protects your money
Let's get your application started...
Important documents:
Please take some time to review, print and/or save the important information. By clicking to Apply, you are confirming that you have been provided with, and have acknowledged our important documents including the FSCS information sheet.
How your information might be used
It’s important for you to understand how we use and share your information. Please read this short summary before you continue with your application.
How do we use your information
We sometimes need to use your information to help us both.
Why do you share it?
We share your information so we can:
∙ Protect you
∙ Check your identity
∙ Make sure you have the right products for your needs
∙ Prevent fraud and money laundering
∙ Help us comply with laws, manage our risk and protect our business
Who do you share it with?
We share your information with:
∙ Other companies in our group
∙ Fraud prevention agencies, and we also record any identified or suspected fraud, which could mean we refuse to provide you with services
∙ Our business partners, like the company that makes our debit and credit cards
∙ Industry regulators, government departments and similar organisations, like HM Revenue and Customs, who might in turn have to share it with other countries
We also share your information with credit reference agencies, so we can:
∙ Do a credit check – this can affect your credit score (we don’t do one if you’re just opening a savings account)
∙ Do an identity check – this could be done on you and anyone else who’s linked to the account, but it doesn’t affect your credit score
∙ Protect you and comply with laws – we must share information about how you manage your account, like payments made in, your balance, credit limits and any missed loan payments. They may also share this with other organisations.
Credit reference and fraud prevention agencies use your information because they have to prevent fraud and money laundering, to protect you, their business and to comply with laws.
We’ll make decisions based on the automated checks of data we hold and receive about you. You have rights in relation to these decisions, including a right to appeal if your application is declined. If it’s declined, we’ll usually keep your information for 5 years or longer if needed to comply with the law.
If you want more details about how we use your information or your rights, please read our full privacy notice.
If you’d prefer to progress without sharing biometric data, you'll need to apply for the account by calling our specialist team.
This means you may wait a little longer to get your account open. You can call us on 0800 158 8784 Relay UK: 18001 0800 158 8784 - Monday-Friday 8am-8pm, Saturday 9am-3pm, Sunday closed. Excluding public holidays
If you’d prefer to progress without sharing biometric data, you'll need to apply for the account by calling our specialist team.
This means you may wait a little longer to get your account open. You can call us on 0800 158 8784 Relay UK: 18001 0800 158 8784 - Monday-Friday 8am-8pm, Saturday 9am-3pm, Sunday closed. Excluding public holidays