Savings All you need to make your money grow
8.
Generated at: Fri Jul 22 09:05:47 2016
Welcome
It’s important to make the most of your money. Ulster Bank has all the financial tools
you need to make your money work for you. With a whole selection of savings accounts to choose from, ranging from high growth potential to instant access, you can see where you stand and start working towards where you want to be. To talk to us about our saving and financial planning products: l You can drop into your local Ulster Bank branch l You can go online at www.ulsterbank.ie
What may help you when applying for an Ulster Bank savings account For more information you can call into branch or log on to www.ulsterbank.ie/savings486. PHOTOGRAPHIC PROOF OF IDENTITY e.g. valid passport or valid driver’s licence. PROOF OF ADDRESS e.g. utility bill issued in the last 6 months.
2
Generated at: Fri Jul 22 09:05:47 2016
Helping you take care of your finances Contents A
Savings Accounts
A quick summary of our savings accounts
l Instant Access Savings
l Everday Savings
Easy Access Savings Account
5
l Lump Sum Savings
Loyalty Saver
4
6
l Regular Savings
Special Interest Deposit Account
8
Fixed-Term Deposits
9
Saving for your kids
11
l urfirst Account
11
l urmoney Account
12
Helpful tips on your finances
B
Financial Planning Review
13 14
3
Generated at: Fri Jul 22 09:05:47 2016
A quick summary of our savings accounts Instant Access Savings Account
Minimum amount
Access to your cash
Key Benefits
Everyday Saving
Easy Access
€1
Anytime
Cashcard access
Lump Sum Saving
Loyalty Saver
€2,000
Anytime
An account that pays an annual bonus if you make no more than 4 withdrawals in an annual period
Regular Savings
Special Interest Deposit Account
€1
Anytime
An instant access regular saver account
Account
Minimum amount
Access to your cash
Key Benefits
Fixed-Term Deposit
€15,000
Access at maturity
Interest rate is fixed for the agreed period
Account
Minimum amount
Access to your cash
Key Benefits
urfirst
€5
Access varies
Start the savings habit young
urmoney
€5
Access varies
Start the savings habit young
Fixed-Term Deposits
Saving for your kids
4
Generated at: Fri Jul 22 09:05:47 2016
Easy Access Savings Account Overview With an Ulster Bank Easy Access Savings Account, you can save while still having access to your cash.
Key features of Easy Access Savings Account 1. Instant access ives you instant access to your savings online*, over the phone or in branch with G a cashCARD with no notice required for withdrawals. 2. Daily interest Interest on your savings is calculated daily and paid quarterly on the first business day of January, April, July and October. 3. Easy set up You can open an account with as little as €1.
Account Opening In branch.
Key Considerations
Note: Government stamp duty applies on the following basis: l
A Government Stamp Duty charge of €0.12 is applied to each domestic cash withdrawal made at an ATM. The total fee paid per annum per card is capped at €2.50 on ATM only cards and €5 on combined ATM and debit cards, and is applied annually in January.
*You have to register for Anytime Banking to manage your account via online and telephone banking. Terms and Conditions apply to this product and to Anytime Banking. For details please see our Personal banking terms and conditions booklet available at your local branch or on our website www.ulsterbank.ie. There are limits on the amount you can transfer under any credit transfer. For details of the limits applicable for transfers made through Anytime Internet Banking please visit our Help 24x7 service found on our website www.ulsterbank.ie. For Telephone Banking the limits will be advised to you when you are making the transfer. Alternatively, you can contact us on our Anytime telephone service at 1850 424 365 to see what options are available to you. In order to maintain the highest level of service we may record calls.
5
Generated at: Fri Jul 22 09:05:47 2016
Loyalty Saver Overview An account that pays an annual bonus on the first business day in January each year, if you make no more than four withdrawals in an annual period. Annual periods commence on the first business day of January and end of the last business day in December.
Key features of Loyalty Saver 1. Maximise interest Make no more than four withdrawals in an annual period and you’ll receive bonus
interest in addition to standard interest. If you open your account during an annual period, the bonus interest, if applicable, will be paid on a pro-rata basis. If you close your account during an annual period, the bonus interest will not be paid. 2. Access to funds Account can be managed online or over the telephone through our Anytime
Banking* service or via a branch. Gives you instant access to your savings with no notice required for withdrawals. 3. Ideal for lump sum savings The account is designed for people who can maintain a balance of between €2,000 and €1,000,000.
Account Opening Online or in branch.
6
Generated at: Fri Jul 22 09:05:47 2016
Key considerations You must be over 18 and resident in the Republic of Ireland to open the account online or over the phone. Annual periods commence on the first business day of January and end on the last business day in December. Withdrawals on a
non-business day (weekend or bank holiday) are recorded as withdrawals on
the subsequent business day. *You have to register for Anytime Banking to manage your account via online and telephone banking. Terms and Conditions apply to this product and to Anytime Banking. For details please see our Personal banking terms and conditions booklet available at your local branch or on our website www.ulsterbank.ie. There are limits on the amount you can transfer under any credit transfer. For details of the limits applicable for transfers made through Anytime Internet Banking please visit our Help 24x7 service found on our website www.ulsterbank.ie. For Telephone Banking the limits will be advised to you when you are making the transfer. Alternatively, you can contact us on our Anytime telephone service at 1850 424 365 to see what options are available to you. In order to maintain the highest level of service we may record calls.
7
Generated at: Fri Jul 22 09:05:47 2016
Special Interest Deposit Account Overview Whether you want to save for your child’s education, deposit for a home, holiday or just a rainy day, the Special Interest Deposit Account is the way to go. Minimum balance €1 to a maximum of €100,000.
Key features of the Special Interest Deposit Account 1. Instant access Gives you instant access to your savings in branch, online or over the telephone through our Anytime Banking* service with no notice required for withdrawals. 2. Daily interest Interest is calculated daily and paid annually in October. 3. Flexibility Ideal for regular savers, you can save anything from €1 up to €1,000 a month by standing order and benefit from a competitive interest rate on balances up to
€15,000. Change the amount you save per month, as often as you want, without incurring penalties or charges.
Account Opening Online or in branch.
Key Considerations You must be aged 18 or over and resident in the Republic of Ireland.
*You have to register for Anytime Banking to manage your account via online and telephone banking. Terms and Conditions apply to this product and to Anytime Banking. For details please see our Personal banking terms and conditions booklet available at your local branch or on our website www.ulsterbank.ie. There are limits on the amount you can transfer under any credit transfer. For details of the limits applicable for transfers made through Anytime Internet Banking please visit our Help 24x7 service found on our website www.ulsterbank.ie. For Telephone Banking the limits will be advised to you when you are making the transfer.
8
Alternatively, you can contact us on our Anytime telephone service at 1850 424 365 to see what options are available to you. In order to maintain the highest level of service we may record calls.
Generated at: Fri Jul 22 09:05:47 2016
Fixed-Term Deposits Overview If you can commit your money for a longer term you could enjoy a fixed rate of
interest for a fixed period of time, meaning you will know in advance how much interest you will earn.
Minimum deposit is €15,000. Please see the Money Desk product information sheet for maximum balance rules. You must be able to commit the funds for the period
concerned. Withdrawals are only permitted from the account on the maturity date. Additional lodgements are not allowed on accounts during the term; however a separate account may be opened with the appropriate minimum balance.
Key features of Fixed-Term Deposits 1. Fixed interest rates Rate is fixed prior to the funds being put on deposit, giving you peace of mind
knowing that the interest rate will not change during the term. Please contact your local Ulster Bank branch for Term Deposit interest rates. 2. Flexible terms A wide range of options are available from 1 week to 3 years. 3. Interest Payment Interest on your savings is calculated daily and paid on the day the term ends.
9
Generated at: Fri Jul 22 09:05:47 2016
Key Considerations Fixed Term Deposits are available to new and existing personal customers aged over 18 and resident in the Republic of Ireland or United Kingdom.
Early termination may only be possible in exceptional circumstances, at our
absolute discretion and will incur a loss of interest. Details of this are available in the A Guide to Personal Accounts Fees and Interest brochure.
For administration purposes you are required to open an instant access servicing account with us in the same name as the Fixed Term Deposit. This account will be used for the processing of funds placed on and maturing from your Fixed
Term Deposit, together with interest due to you. If you already operate an instant
access account (i.e. an Account that does not require notice of withdrawal, such as an Ulster Bank Easy Access Savings Account or an Ulster Bank Current Account), with us in the same name as the Fixed Term Deposit, this can be used as the
servicing account. You will not incur any additional charges for using your
instant access account as a servicing account and you are not required to use
it for any other purpose; existing charges may still be applied as set out in the A Guide to Personal Accounts Fees and Interest brochure.
The Terms and Conditions of the Service Account and Fixed Term Deposit
are outlined in our Personal Banking Terms and Conditions booklet which is available online and at your local branch.
10
Generated at: Fri Jul 22 09:05:47 2016
Saving for your kids Overview Whether you want to put money away for your children or would like to encourage
healthy saving habits right from the start, Ulster Bank has a range of youth savings options that can grow as your youngsters do.
urfirst Account (ages 0-11) Designed to get children from 0-11 years old counting their cents, a free Henri Hippo moneybox can make saving fun.
Key features of urfirst Account 1. Fun Stuff Your child can save up money in a free Henri moneybox between visits to the bank. 2. Instant access Instant access to your savings with no notice required for withdrawals. 3. Daily interest Interest is calculated daily and paid quarterly. 4. Joining is easy All you need is €5 to open an account. If you’re a parent, godparent, relative or friend,
you can open a urfirst Account for any child under 12.
Key considerations Anyone can open an account – a parent, godparent, relative or friend can
open a urfirst account for any child under 12 years of age. We need proof of identity and address for you and the child you’re opening the account for. Terms and Conditions apply. Further details available in branch.
11
Generated at: Fri Jul 22 09:05:47 2016
urmoney Account Instant access savings available to 12-17 year olds.
Key features of urmoney Account 1. Instant access Instant access to your savings with no notice required for withdrawals.
You will need a Cashcard so that you can check your balance, order a statement or take out money whenever you want from any Ulster Bank cash machine. 2. Daily interest Interest is calculated daily and paid quarterly. 3. Joining is easy All you need is €5 to open an account.
Account Opening In branch.
Key considerations Note: Government stamp duty applies on the following basis: l
Government Stamp Duty charge of €0.12 is applied to each domestic A cash withdrawal made at an ATM. The total fee paid per annum per card is capped at €2.50 on ATM only cards and €5 on combined ATM and debit cards, and is applied annually in January.
12
Generated at: Fri Jul 22 09:05:47 2016
Helpful tips on your finances Savings Smart tips to consider when deciding on a saving account l If saving for short term needs like holidays or Christmas, look for a savings account with a good rate of interest and easy access to your money. For
long term goals (like children’s education) a financial planning review may help identify the most suitable product.
l Some savings accounts offer better interest rates if you can put your money aside for a certain length of time. So identify how much access you need.
l Some types of investment offering a potentially higher return may involve a risk – e.g. those linked to the stock market. Think carefully about how much risk you are prepared to take with your money.
l Get into the habit of moving money every month from your current
account to a savings account. Setting up a direct debit or standing order can make this easier.
It is a good idea to build up a ‘peace of mind’ savings fund of at least three
months income. This will allow you to prepare for the unexpected, such as illness.
13
Generated at: Fri Jul 22 09:05:47 2016
Complimentary Financial Planning Review Our Financial Planning review is a free service to help get your finances in order. The review lasts 45-60 minutes and it’s simply about providing you with peace of mind.
Key features of the Financial Planning Review 1. Professional All Financial Planning Managers complete a thorough and comprehensive
training programme and receive continuous professional development. Our staff must undertake examinations to become a Qualified Financial Adviser (QFA). 2. No charge No charge and no obligation to purchase, it’s just an added extra for Ulster Bank customers.
3. Made-to-measure Whatever your life stage, whether starting out in your career or with a
mortgage and family, your review will be tailored to suit you and revised as your circumstances change. 4. Confidential Any information you give us will be treated with the utmost confidentiality.
14
Generated at: Fri Jul 22 09:05:47 2016
5. A simple 4-step process for financial peace of mind l First, we take a snapshot of all your existing financial arrangements. To build a complete picture of where you stand financially we will cover all areas of your finances – Protection, Retirement plans, Savings and Investments.
l Then we take a look at your plans for the future regarding home, retirement, your children’s education and so on.
l We will then look at ways to help you maximise the earning potential of your savings, investments and retirement funds.
l An initial plan will be drawn up with suggestions. Shortly after your review,
you will receive a personalised report outlining all the details of your current
financial arrangements as well as recommendations made during the meeting.
Key considerations Remember, there’s no obligation to purchase and your review will only take 45 to 60 minutes.
How to set up a Financial Planning Review Speak to a member of staff in your local branch today or call 1800 200 936.486.
15
Generated at: Fri Jul 22 09:05:47 2016
To find out more:
Call into your local branch ulsterbank.ie Braille, large print and audio This brochure is also available in Braille, large print, audio or on disk. Please contact your local branch for details or Textphone 1800 924 615.
Information correct as at 01 August 2016 Ulster Bank Ireland DAC. A private company limited by shares, trading as Ulster Bank, Ulster Bank Group, Banc Uladh and Lombard. Registered in Republic of Ireland. Registered No. 25766. Registered Office: Ulster Bank Group Centre, George’s Quay, Dublin 2, D02 VR98. Ulster Bank Ireland DAC is regulated by the Central Bank of Ireland. Calls may be recorded. ULST1365RI 01 August 2016
Generated at: Fri Jul 22 09:05:47 2016
