Ulster Bank improves Direct Saver terms - Savings - News - Moneyfacts

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Ulster Bank improves Direct Saver terms

Ulster Bank improves Direct Saver terms

Category: Savings

Updated: 21/05/2012
First Published: 21/05/2012

MONEYFACTS ARCHIVE
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Ulster Bank has improved its Direct Saver account by upping the rate of interest and cutting the minimum investment.

The rate has been increased by 0.27% to 2.92%, including a 1.27% bonus for 12 months, while savers now need a minimum investment of £5K instead of £10K which was required previously.

The changes to the account mean the Direct Saver now sits in the top five no notice, non-internet accounts, although it must be noted that a reduced rate is paid if a withdrawal is made in the month.

Four out of five Moneyfacts stars have been awarded.

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