This comparison simply includes all savings accounts.
Ulster Bank Savings Accounts
Why we like it: No minimum monthly funding or monthly fee to maintain the account. Earn up to 15% cashback with Retailer Offers. Stress-free account switching in 7 days with the Current Account Switch Service. £300 ATM withdrawal per day, Arranged Overdraft facility (subject to status). Online and Mobile Banking with text and email alerts. Must be 18 or older and live in the UK permanently. 39.94% EAR overdraft charge. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Why we like it: Access to Regular Saver Account paying 1.00% AER/Gross fixed for 12 months if saving between £25 and £300 a month (up to £3,600 per year). £250 interest-free overdraft (subject to status). No minimum monthly funding and no monthly account fee. Mobile banking app. UK based contact centre. Easy switching with the Current Account Switch Service. Must be 18 or older and UK resident. Get the £100 when switching as a new customer and paying in at least £1,000 within three months of the account opening
Why we like it: Free current account. Pays 0.05% AER interest on balances up to £85,000. Get set up in minutes. Send money abroad: Fast and secure money transfers to bank accounts in 38 countries worldwide. No fees when you pay with your card abroad or withdraw money. Get a spotlight on your spending: See what you’ve spent instantly with real-time payment notifications. 3 month interest holiday on the first £500 of an arranged overdraft. Best British Bank and Best Current Account in 2020 at the British Bank Awards. Awarded 5 stars by Defaqto. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Why we like it: A bank account that can build credit history. No credit check during sign up. Apply straight from your mobile. Instant online decision. Get your Contactless Debit Mastercard within 3-5 working days. Add Creditbuilder onto your account and it could help build your credit rating at no extra cost. Deposit cash into your account at any Post Office UK branch. Money is available in your account immediately. Manage your account 24/7 from any device with the banking app - get real time balance information, statements, add payees send payments and apply for extras. Automatic payment alerts. UK based Customer Services Team. Your money is protected up to £85,000 by the FSCS (Financial Services Compensation Scheme)
Why we like it: Can be opened by or on behalf of any child up to the age of 18. Debit or cash card available for those aged between 13 and 18. Monthly interest. No monthly fee. For children under age 13, the account must be opened in trust and managed by an adult (trustee). If you’re aged between 13 and 18 years old and live permanently in the UK you can apply online by telephone or in branch. No overdraft facility. 1% interest on the entire balance once the balance is £100, 2.00% AER/1.98% gross (variable) on the entire balance once the balance is £1,500, 3.00% AER/2.96% gross (variable) on the entire balance once the balance is £1,500 or over (up to a maximum of £2,000). Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)
Why we like it: Market leading 1 year fixed rate bond. Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must be UK resident, have a UK address and be aged 18 or older. No withdrawals permitted. Can’t have held an Investec Online Flexi Saver or Fixed Rate Saver in the last 12 months
Why we like it: Market leading 2 year fixed rate bond. Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted
Why we like it: Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
Why we like it: Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted
Compare Ulster savings accounts
Ulster Bank offers various accounts targeted at different kinds of savers. Knowing which is best for you means being clear about your own financial situation and saving goals. See below for a selection of saving accounts.
Current Accounts
A current account may well offer you the best return on relatively small amounts of money.
If there is too much money in your current account, you will generally get a better return by moving it to a different kind of account.
Instant Access Savings Accounts
Ulster bank eSavings currently offers a market leading instant access account of 1.25% AER/Gross pa (variable) which can be accessed online, by telephone or via a mobile app.
If you want to a deposit a lump sum while retaining the option to add to it later or take money out when you need it, an instant savings account may be best. There are normally no fees or penalties for adding and removing funds, although there may be an annual limit on how often this can be done.
Many instant access accounts allow you to take money out at cash points, making them especially convenient. You will normally also be able to make online and phone transfers when you need to.
Fixed Rate Bonds
If you have a lump sum that you don’t need to use any time soon, a fixed rate bond can offer very good returns. The headline advantage is that you get a guaranteed rate of interest for a set period (often 1-5 years), although you cannot normally touch your money until that period expires.
The longer the life of the bond, the better interest rate you will usually get. Some providers may allow you to make early withdrawals but this will usually incur a penalty in the form of lost interest.
Cash ISAs
ISAs allow you to avoid paying tax on the interest you earn from the money deposited in them. This can make a very significant difference to the return you earn, especially if you are a higher rate tax payer. The amount you can deposit is set annually by the government and is £20,000 for 2017/18.
You main options with an ISA are instant access and fixed term accounts. An instant access cash ISA gives a variable rate of interest, but lets you add and take away funds whenever needed. You will get a higher rate with a fixed term cash ISA and this rate will be guaranteed for a set period, but you cannot take money out or put more in during the lifetime of the account.
Find the best Ulster Bank savings account for you
Using our savings account comparison table, above, you can see exactly what the best deals currently on the market have to offer you. These deals are frequently updated to reflect the best value we can find from across the industry, so make sure to check back regularly to stay up-to-date.
