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You must be 16+ and a UK resident and hold an Ulster Bank current account to apply for our Loyalty Saver.
We will soon be reducing some of our interest rates, see the changes here.
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 1.50% Annual Equivalent Rate (AER)/Gross per annum (variable rate). When you have £5,000 or more, you'll earn 4.25% AER/Gross per annum (variable rate).
- Deposit money or make a withdrawal whenever you need to, online or via our app.
Summary Box
Account name: Loyalty Saver
1. What is the interest rate?
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, read Your Savings Account Terms (PDF, 342 KB)
3. What would the estimated balance be after 12 months based on a range of deposits?
4. How do I open and manage my savings account?
Before you apply:
- You must be a UK resident aged 16 years or over and an Ulster Bank current account holder.
- We will 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 with opening the account.
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 via the phone and app too. If you don't 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 money however you like.
If you live in Northern Ireland, you can also withdraw money in one of our branches.
6. Definitions
Annual Equivalent Rate (AER) shows the interest rate if interest is paid and compounded once each year. AER helps you to compare the rates of interest on different accounts.
Compound interest is interest that is earned on interest that’s already been paid.
Gross means the interest rate you are paid on your savings with no compounding.
p.a. per annum (per year).
Tax-free. We pay all savings interest without the deduction of tax. You do not pay any UK tax on interest earned in ISAs. You may have to pay tax on interest earned in non-ISA accounts depending on your Personal Savings Allowance. The tax treatment may be subject to change in the future.
7. How do I get additional support with my banking?
Banking My Way is a free service that allows you to record feedback about the support or adjustments you'd like to make banking easier for you. The information will be shared on our internal systems which means you won't 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.
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.
We will soon be making changes to our Terms and Conditions, see the changes here.
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 possible.
First things first. You can apply if you:
Are aged 16 or over and a UK resident.
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.
As part of the checks that we will complete to verify your identity, we’ll take an image of your face so that it can be compared with your photo ID and this biometric data is captured.