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Loyalty Saver account

An easy access online savings account

We will soon be reducing some of our interest rates, see the changes here.

You must be 16+ and a UK resident. If you do not live in Northern Ireland, your account can only be opened digitally in a sole name.

Take a peek at Loyalty Saver, for lump sum and regular saving

  • A simple savings account with instant access
  • Get a higher rate on larger balances. If you have under £4,999 you'll earn 2.25%  AER/Gross p.a (variable).  When you have £5,000 or more, you'll earn 5.20% AER/Gross p.a (variable)
  • Deposit money or make a withdrawal whenever you need to
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How Loyalty Saver works

Get started saving

It's easy and quick. Just hit the apply button to get started. Once set up, you can choose when and how you want to save. We also have handy digital tools to help you reach your savings goals.

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Flex your easy access savings when you need to

You can add a lump sum or set up a standing order or pay in what you want, when you want. It's up to you.

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Easy access to your cash

With our Ulster Mobile App or Anytime Internet Banking, you can access your accounts, check your balance and get support whenever you like.

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Opening your easy access savings account

Whether you're a new or existing customer, you can open a Loyalty Saver with us. T&Cs apply.

Summary Box

Account name: Loyalty Saver

1. What is the interest rate?

Balance

£1 - £4,999
£5,000+

AER/Gross p.a (variable)

1.50%
4.25%
Interest is paid on a tiered basis which means you’ll earn one rate on your entire account balance. If, for example, you hold £10,000 in your account, your interest rate will be 4.25% AER/Gross p.a. (variable) on your entire account balance. Interest is paid annually and at account closure. You’ll be able to see and access the interest in your account on the following day. 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. 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. For more information please see the Your Savings Account Terms (PDF, 342 KB)

3. What would the estimated balance be after 12 months based on a range of deposits?

Initial deposit at account opening

£1,000
£50,000
£150,000
£300,000

Balance after 12 months

£1,015.00
£52,125.00
£156,375.00
£312,750.00

Interest earned

£15.00
£2,125.00
£6,375.00
£12,750.00
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?

Before you apply:

  • You must be a UK resident aged 16 years or over. 
  • We'll need an email address and mobile number to open your account.
  • If you don’t live in Northern Ireland the account can only be opened online.
  • To open in branch, you'll need to bring your own digital device such as a mobile or tablet and our staff can assist you opening the account yourself.

Managing your account:

  • You must register for the Anytime Internet Banking services to manage your account via online, telephony or on the mobile app.
  • You can pay money in by transfer from a current account or savings account in your name held with us or held with another bank (online, by telephone or on the mobile app).
  • No minimum deposit is required to open the account; no minimum deposit needs to be made on a regular basis; and there is no maximum balance limit.
  • You can use Round Ups with Loyalty Saver if you have a current account with us.

5. Can I withdraw money?

Yes, you can withdraw or transfer to any other account based in the UK up to the daily limits.

You'll need Anytime Internet Banking to withdraw or transfer money online. You can do this over the phone app too. If you do not have a card with your account, we'll send you a card reader and an Anytime Internet Banking card and PIN to make payments securely.

Remember, you'll need to enable the card reader to make payments online. Once you are set up, you can withdraw however you like.

If you live in Northern Ireland, you can also withdraw money in one of our branches.

6. Definitions

  • AER: Stands for the Annual Equivalent Rate. It shows you what the rate would be if interest was paid and compounded each year.
  • Gross: The interest rate you are paid without the deduction of UK income tax.
  • p.a.: per annum (per year)

7. How do I get additional support with my banking?

Banking My Way is a free service that allows you to record information about the support or adjustments you need to make banking easier. The information will be shared on our internal systems and therefore you will not need to repeat these requirements every time you interact with us.

Once your account is open, you can record this through Anytime Banking or with our colleagues in branches or over the phone.

Learn more about Banking My Way

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.

See FSCS Protecting Your Money (PDF, 3.7 MB) for more information about the scheme and how it protects your money.

Get ready to apply

Before you apply, we need to check you're happy with a few things and ask you a few questions up front, then we can make your application as quick and simple as it can be.

First things first. You can apply if you:

Are aged 16 or over and a UK resident.

Now please take a look at the important legal info

If you carry on applying, it means you're happy with what's in these documents, including the FSCS information sheet. And happy to view your statements in Anytime Banking - not posted. Please take some time to review, print and/or save the important information.

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

All okay? You're nearly ready to start.

To speed up your application for our Loyalty Saver account, we need to do a few final checks with you. They'll only take a minute.

Continue
Are you an existing Ulster bank customer?
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Where do you live?
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Important Information - Please Read

  • During the application process you will be asked to 'find a branch' you will need to key the sort code 980060 and select Belfast City Office. You will need to take a note of this before proceeding. 
  • You will need a mobile number and an email address to complete your application.
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You're all set

Remember, to apply for a Loyalty Saver account you must: 

  • Be 16 years or over and a permanent UK resident.
  • Have a phone number and email address we can contact you on.
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Do you use Anytime Banking?
If you log in to Anytime Banking we can pre-fill some of the application for you.
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You're all set

Remember, to apply for a Loyalty Saver you must: 

  • Be aged 16 years or over and a UK resident
  • Login using your Ulster Bank Anytime Banking details at the start of the application
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Register for Anytime Banking

You'll need to sign up for Anytime Banking with us in order to apply for the Loyalty Saver account online. The good news is that it normally takes just 5 minutes.

What you'll need
You'll need your sort code and account number, and your Ulster Bank debit card if you have one.

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