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  • 25-01-2013 11:13pm
    #1
    me4many
    Registered Users Posts: 270 ✭✭


    Advice please.

    Have about €50k to invest for one year.
    I was looking at Ulster bank Instant access a/c. ..( my a/c is already with U/B)
    I understand they will give 2.2% + 1% after the 12 months . Four withdrawals allowed. ( I hope not to need the withdrawal)

    Does this look ok or should I be looking elsewhere. ( dont want to gamble)
    Thanks for advice.


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  • Options
    #2
    JTMan
    Registered Users Posts: 5,540 ✭✭✭JTMan


    The Ulster Bank rates change on 30 January 2013.

    New rates and details below from Askaboutmoney.

    You are best off with KBC, if you want instant access, they pay 3% AER gross.
    Ulster Bank: Direct Saver
    0.01% on €1 to €5,000
    2.60%** on €5,000 to €1,000,000 including bonus for year one.
    1.52%** on €5,000 to €1,000,000 excluding bonus for year one.
    1.52% on €5,000 to €1,000,000 for year two.
    • Access: Instant access.
    • Interest paid: Monthly with the bonus at the end of the year.
    • **This new rate applies from 30 January 2013.
    • **Rates includes bonus of 1.08% that is only paid if:
      (1) The balance stays above €5,000 for the whole year and
      (2) The account is kept open for one year and
      (3) You are in year one post account opening. i.e. No bonus is paid from year two onwards and
      (4) No withdrawals are made. A withdrawal removes accrued bonus interest for the month that the withdrawal occurred.
    • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.
    Ulster Bank: Loyalty Saver
    0.01% on €0.01 to €2,000.
    1.60%** on €2,000 to €25,000
    2.55%** on €25,000 to €1,000,000
    • Access: Instant access.
    • Interest paid: Annually each January.
    • **Rate above includes a bonus of 1.00%. This bonus is only paid if you make no more than 4 withdrawals in an annual period.
    • **This new rate applies from 30 January 2013.
    • If you close your account at any stage during the year the bonus interest will not be paid.
    • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.


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