Ulster Bank Regular Saver changes

Discussion in 'Deposits' started by CiaranT, Apr 27, 2010.

  1. TheJackal

    TheJackal Frequent Poster

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    He was persuing me to change over to another account. Sent me out brochures. Perhaps he is on commission.

    The pending change to 2.75% won't be on the website, as he said rate not changing til next month.

    UB do offer higher rates, such as 4% on the current regular saver on balances up to 15K, then 1% on entire balance.

    But this a/c (closed to new customers) is paying 3% (and 2.75% come Feb if he is correct) on balances up to 100K.

    So youre better staying with it. You could always open a 4% a/c as well, of course.

    Shows how important it is to educate yourself on what savings products are out there, and not be taken in by someone on the phone.
     
  2. aoc3048

    aoc3048 Guest

    I was also advised of the change to the Regular Saver rate at a recent meeting.

    Can you just confirm this though:

    Are you referring to the SIDA? I thought that paid 4% on first 15k and 1.5% on remainer, and no change to that account was mentioned.
     
  3. chlipps

    chlipps Frequent Poster

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    I thought UB would not allow one transfer money into another UB account i.e. that they only allowed you open a new account if the money was being fed in from another external bank account

    Yes, very true as regards educating yourself. I'm leaving it in the one for 3% for now
     
  4. TheJackal

    TheJackal Frequent Poster

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    I think I was wrong there. It's 1.5% on the remainder above 15K

    http://www.ulsterbank.ie/roi/personal/saving/regular-savings/sida/rates.ashx
     
  5. TheJackal

    TheJackal Frequent Poster

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  6. CiaranT

    CiaranT Administrator

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  7. chlipps

    chlipps Frequent Poster

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  8. CiaranT

    CiaranT Administrator

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  9. chlipps

    chlipps Frequent Poster

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    '' Value''... sorry i mean ''Interest Rate''... it is listed as 2.97% gross/3% AER on the link in your post,... just wondering where you have seen 2.75%

    Row is as follows
    Regular SavingsQuarterly1-100,000 2.97 3.00
     
  10. TheJackal

    TheJackal Frequent Poster

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    no. Not sure why your page is still saying teh old rate. It says

    Regular Savings Quarterly 1-100,000 2.72 2.75
     
  11. CiaranT

    CiaranT Administrator

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  12. chlipps

    chlipps Frequent Poster

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    Thanks... works now
     
  13. TheJackal

    TheJackal Frequent Poster

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    Not sure when this came in but just had a random look on UB's website and the rate has dropped again by 0.25%

    Regular Savings Quarterly 1-100,000 2.47 2.49

    Edit: that's it for me. Moving my cash now. Prob to An Post
     
  14. CiaranT

    CiaranT Administrator

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    It came in yesterday, as at 15 October 2012.
     
  15. seantheman

    seantheman Frequent Poster

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    I see that in the Sunday Times money section yesterday that they had UB
    monthly savers at 3.5%. That's not correct ,is it?
     
  16. TheJackal

    TheJackal Frequent Poster

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    Drops to 3% end of Jan
     
  17. CiaranT

    CiaranT Administrator

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    The Sunday Times are not including the rate change announced in November 2012 with the effective date of late January 2013.

    If a rate change has been pre-announced, then I personally think that all best buy lists should update their rates at that point in time rather then waiting for the effective date. It gives people the best possible information when opening an account.
     
  18. seantheman

    seantheman Frequent Poster

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    Agree entirely with your way of dealing with rate changes in the Best Buy's
     
  19. TheJackal

    TheJackal Frequent Poster

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  20. CiaranT

    CiaranT Administrator

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    Yeah, that rate change was announced on 2 October 2013. There is no reason to keep that legacy Ulster Bank regular saver account open.