Savings and Investments
Future planning made easier
Available to UK residents aged 18 or over (except those acting as trustees) who subscribe to the ufirst Private or Private Current Account.
The need to knows
- Interest is calculated daily and paid monthly
- If you cancel your subscription to either the ufirst Private or Private Current Account, then we may close your account and transfer the balance to a Loyalty Saver account or equivalent
|Tier||AER/Gross p.a. (variable)|
Gross Rate. This means the interest you are paid without the deduction of UK income tax.
Annual Equivalent Rate (AER) 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 p.a. Per annum (per year).
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 protection 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.