Loyalty Saver2- Savings | Ulster Bank

Loyalty Saver

Our simple, straightforward savings account

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Start saving with just £1. Set up a regular standing order and watch your money grow

Lodge money and make a withdrawal whenever you need to

Instant access to your savings in branch, online by telephone.

Summary Box

Account name: Loyalty Saver


1. What is the interest rate?


Balance AER/Gross p.a. (variable)
£1-£24,999 0.20%
£25,000-£99,999 0.30%
£100,000+ 0.35%

Interest is paid on a tiered basis which means you’ll earn one rate on your entire account balance.

Interest is calculated daily and paid annually on the first business day in January and at account closure.

If you choose for interest to be paid into a nominated Ulster Bank account in your name(s), then interest will be paid into that account. 

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 Term 9.2 of Personal Banking - terms and conditions, Your savings account terms  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. Term 9.2. 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 Balance after 12 months Interest earned
£1,000 £1,002 £2.00
£50,000 £50,150 £150
£100,000 £100,350 £350

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; 
  • And any interest earned stays in the account.

4. How do I open and manage my account?


You must be aged 18 years or over and be a UK resident to open an account.

You can open and manage your account in branch, online, by telephone and on the mobile app. 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.

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




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).


Next steps Ready to start saving?
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