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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

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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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