Savings and Investments
As of January 8th 2020, the interest rate for our Private Reserve Savings Account will be moving down from 1.25% to 0.85%
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)|
Interest rates effective from 19th June 2017
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 with Ulster Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme.
Find out more about the scheme and how it protects your money.