RightTrack Bond - Key features
100% Capital security at maturity - Your deposit is 100% capital secure at maturity.
Choice of terms: There are two term options with the RightTrack Bond. Both terms commence on 23 August 2010. Only then will interest start to accrue.
5 Years 11 Months term matures as follows:
Year 1 interest and partial capital return: 23 August 2011
Year 2 interest and partial capital return: 23 August 2012
Year 3 interest and partial capital return: 23 August 2013
Tracker Bond: 25 July 2016
3 Years 11 Months term matures as follows:
Year 1 interest and partial capital return: 23 August 2011
Tracker Bond: 23 July 2014
Any return payable will be paid out no later than five working days after these dates.
Tax-free Options
Another great benefit of the RightTrack Bond is that you can deposit funds tax-free using your £5,100 Cash ISA allowance for this tax year. Not only that, if you have an existing Cash ISA you can transfer the balances from previous years and earn tax-free interest on this full balance as well.
To use this year's Cash ISA allowance, and to deposit previous years Cash ISA allowances tax free in the RightTrack Bond you will need to have, open or transfer to an Ulster Bank Cash ISA.
The availability and value of any tax relief will depend on your individual circumstances. Tax reliefs referred to are those applying under current UK legislation, which may change.
Take advantage of an extra bonus
Apply early to the RightTrack Bond and the great rates get even better.
- If you apply for the 5 years 11 months account on or before 25 June 2010, we'll give you an additional bonus of 0.50% at the end of year 1, so in year 1 you earn 6% gross/AER on the fixed rate deposit.
- If you apply for the 3 years 11 months account on or before 25 June 2010, we'll increase your 1 year fixed rate interest by a bonus of 0.25%, to 4.75% gross/AER.
This product is designed to be held for the full relevant term. If you cash in your deposit early you may not get back all of your money.
Gross is the interest rate paid before the deduction of tax.
Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year.