Squeeze more from your savings

Transcription

1 Squeeze more from your savings Get into a healthy habit with an instant access Regular Savings Account Closing date September or earlier if fully subscribed

2 Saving regularly is always a healthy habit to get into And now with Ulster Bank you can squeeze even more from your money Are you looking to get more from your savings? Then get into the habit of regular saving. There s never been a better time to start saving. So whether you want to save for the future, or just have a little extra put aside as a safety net, with the Regular Savings Account, you ll earn 4.25% AER* variable on everything you save! And because you can access your money any time you want, you ll enjoy the peace of mind of knowing that whatever happens, you ll always have some money at hand. 8 juicy reasons to take out a Regular Savings Account: 1. Your savings will earn 4.25% AER* variable 2. You can save between 1 per month to a maximum of 500 every month 3. The maximum balance of the Account is 100, Instant access to your savings with no penalty and no notice required 5. No fees and charges on your Account 6. You can keep track of your Account online 7. You can request a mini statement through Anytime Internet Banking 8. You can make transactions in branch, and online, or by phone through Anytime Internet Banking *AER means Annual Equivalent Rate. All returns are subject to Deposit Interest Retention Tax (DIRT). Under current legislation, the effective DIRT rate is 20% (scheduled to change to 23% in January 2009).

3 Get a healthier rate for your savings! With Ulster Bank s Regular Savings Account you can... Save between 1 and 500 every month. You can change your monthly savings amount as long as it remains within these two amounts. And it s simple to open a Regular Savings Account all you need to do is set up a Standing Order to credit your Regular Savings Account on a monthly basis. Access your money whenever you need it! A great advantage of the Regular Savings Account is its flexibility you have access to your money anytime you need it. You can get your money in branch, online through Anytime Internet or over the phone with telephone banking. And because you never know when you ll need extra cash, there s no limit to the amount of withdrawals you can make! Plus, you can transfer funds into any other Ulster Bank Account that you may hold. Enjoy 4.25% AER* variable interest rate With Regular Savings Account, your savings will earn 4.25% AER* variable. Interest is calculated daily and added to your account quarterly on the first working day of January, April, July and October.

4 Keep track of your Regular Savings Account Register for our Online Banking service and you ll be able to keep track of your Account whenever and wherever suits you. You ll also receive a statement every 3 months. Plus, you can also request a mini statement through Anytime Internet Banking. How to open a Regular Savings Account 1. To open a Regular Savings Account just drop into your local Ulster Bank with photo identification and proof of address. You will also need to set up a Standing Order to credit your Regular Savings Account monthly. 2. If you are not an existing customer, you will need to provide us with evidence of identity and address verification in order for us to comply with relevant Money Laundering legislation. We also have a requirement to ensure our existing customers have similar documentation in place when opening an additional Account with us. If you would like further details on this Account or any of our other Savings and Investment options, simply drop into your local Ulster Bank where one of our expert Customer Advisors will be delighted to help you.

5 Regular Savings Account Terms and Conditions You are required to read the following Terms and Conditions in this brochure before opening an account: The following Terms and Conditions are subject to Ulster Bank s standard Savings and Deposit Account Terms and Conditions which are available from any Ulster Bank branch and in the event of a conflict, the Terms and Conditions below shall apply. Definitions 1.1 We, us, our, Bank, Ulster Bank mean Ulster Bank Ireland Limited, a member of the Royal Bank of Scotland group of companies. You, your means you, the person or the persons in whose name(s) the Account is held. 1.2 Account means the Ulster Bank Regular Savings Account. 1.3 Account Conditions means the Terms and Conditions below which may be altered by Ulster Bank from time to time by additions, substitutions or otherwise. 1.4 Account holder means the individual(s) aged 18 or over who have opened the Account pursuant to these Terms and Conditions including his/her/their legal representatives, successors and permitted assigns. The Account Holder(s) can either be resident(s) or non-resident(s) of Ireland. 1.5 Quarterly Statement means a statement issued by Ulster Bank to the Account Holder evidencing the Balance of the Account. 1.6 AER means Annual Equivalent Rate and shows what the interest rate would be if paid and compounded each year. 1.7 Cleared Balance means the balance of the Account after excluding any uncleared items. 1.8 DIRT means Deposit Interest Retention Tax (DIRT). 1.9 ECB means European Central Bank base rate and is subject to change Joint Accounts: An Account may be held by several persons jointly on the basis that all Joint Holders are entitled to all monies in the Account (so that Ulster Bank will not be concerned as to any division of ownership of the monies between the Account Holders and/or other persons) on condition that:

6 (a) Ulster Bank may decline to open an Account or add an account holder to an Account where the total number of joint Account Holders would exceed four; (b) The joint holders may choose the order in which they are named in the records of Ulster Bank, the first named joint holder being known as the Representative Joint Holder; (c) Only the home address of the Representative Joint Holder will be registered in respect of the Account irrespective of the number of Account Holders. The address(es) of the remaining Account Holder(s) must inform Ulster Bank, as soon as practicable, of any change of address. All communications relating to the Account shall be sent to the home address of the Representative Joint Holder; (d) In the absence of any instructions to the contrary, any order, request, or authorisation for a payment or transfer of money from the Account and/or any receipt for money paid out of the Account must be signed by all Joint Holders of the Account unless all Joint Holders of the Account authorise in writing one or more of their number, or an agent, to sign on behalf of them and the receipt of or evidence of payment to a person so authorised shall be a good discharge to Ulster Bank for any payment to him/her; and (e) Any liability to Ulster Bank arising on the part of the Account Holders shall be in joint and several Lodgement means all standing order payments lodged to the Account Maximum Balance: means the maximum amount of money that can be lodged into the Account and is 100, Representative Joint Holder means the first named Account Holder in the case of a Joint Account Withdrawal means any cash or cheque withdrawal, internal electronic or external transfers of funds from the Account. Availability 1. Private individuals aged 18 years of over may open a Regular Savings Account Operations on the Account 2. You must set up a standing order to credit the Account monthly. The standing order must be for not less than 1 and not more than 500. The standing order can be increased or decreased within these limits. 3. Lump sum cash, cheque or other lodgements are not permitted in the Account. 4. Standing orders and Direct Debit payments are not permitted from the Account.

7 5. Wages and salary lodgements are not permitted to the Account. 6. Unlimited withdrawals are permitted on the Account. 7. Funds transfers out of the Account are permitted into another Ulster Bank Account only. 8. Bill payments are not permitted from the Account. 9. You may not hold more than one Regular Savings account at any time (whether in your sole name or in joint names). 10. DIRT will apply to interest payable on the Account, unless the Account Holder(s) are exempt from payment of DIRT. The criteria for non-liability for DIRT will be determined from time to time by Government legislation. Interest 11. Interest is calculated daily in accordance with balance thresholds and credited to the account quarterly. Details of our rates are displayed in our branches and may be varied from time to time in accordance with Condition 7 in the Personal Banking Terms and Conditions booklet available in every branch. Balance Restrictions 12. The minimum balance on the Regular Savings Account is The first Standing Order payment is the opening balance of the Account and must be between 1 and The maximum balance on the Account at any time is 100, In the event that the Account balance exceeds 100,000 we may request you to transfer the excess funds into another Ulster Bank Account. 16. In the event that a monthly deposit exceeds the monthly limit of 500, we may request you to transfer the excess funds into another Ulster Bank account. Account not to be overdrawn 17. You are not permitted to overdraw the Account, but if for any reason a debt arises on the Account you are responsible for payment. 18. We may refuse any transaction if there are insufficient cleared funds available on the Account for the transactions. Statements 19. Statements showing operations on the Account will be issued to you every 3 months (quarterly) and otherwise at least once a year.

8 This brochure is also available in Braille, large print, audio or on disk. Please contact your local branch for details or Textphone Ulster Bank Ireland Limited. A private company limited by shares, trading as Ulster Bank, Ulster Bank Group and Banc Uladh. Registered in Republic of Ireland. Registered No Registered Office: Ulster Bank Group Centre, George s Quay, Dublin 2. Member of The Royal Bank of Scotland Group. Ulster Bank Ireland Limited is regulated by the Financial Regulator. ULST104RI December 2008