Savings and Financial Planning - Ulster Bank

SavingsAll you need to make yourmoney grow

2WelcomeIt’s important to make the most of your money. Ulster Bank has all the financial toolsyou need to make your money work for you. With a whole selection of savings accountsto choose from, ranging from high growth potential to instant access, you can seewhere you stand and start working towards where you want to be.To talk to us about our saving and financial planning products:l You can drop into your local Ulster Bank branchl You can go online at www.ulsterbank.iel You can phone us on 1800 303 004What may help you when applying for anUlster Bank savings accountFor more information you can call into branch, log on towww.ulsterbank.ie/savings or call 1800 303 004.486.PHOTOGRAPHIC PROOF OF IDENTITY e.g. valid passport or valid driver’s licence.PROOF OF ADDRESSS e.g. utility bill issued in the last 6 months.

3Helping you take care of your financesContentsA. Savings Accounts1. A quick summary of our savings accounts 42. Instant Access SavingsEveryday Savingsl Easy Access Savings Account 5Lump Sum Savingsl Loyalty Saver 6Regular Savingsl Special Interest Deposit Account 83. Fixed-Term Deposits 104. Saving for your kidsl urfirst Account 12l urmoney Account 13B. Financial Planning Review 14C. MoneySense 19

4A quick summary of our savings accountsAccountMinimumamountAccess toyour cashKey BenefitsInstant Access SavingsEverydaySavingLump SumSavingEasy Access €1 Anytime Cashcard accessLoyalty Saver €2,000 Anytime An account that pays anannual bonus if you makeno more than4 withdrawals in anannual periodRegularSavingsSpecial InterestDeposit Account€1 Anytime An instant access regularsaver accountFixed-Term DepositsFixed-Term Deposit €15,000 Access atmaturityInterest rate is fixed for theagreed periodSaving for your kidsurfirst €5 AccessvariesStart the savingshabit youngurmoney €5 AccessvariesStart the savingshabit young

5Easy Access Savings AccountOverviewWith an Ulster Bank Easy Access Savings Account, you can save while still havingaccess to your cash.Key features of Easy Access Savings Account1. Instant accessGives you instant access to your savings online*, over the phone or in branch witha cashCARD with no notice required for withdrawals.2. Daily interestInterest on your savings is calculated daily and paid quarterly on the first businessday of January, April, July and October.3. Easy set upYou can open an account with as little as € 1.Account OpeningIn branch.Key ConsiderationsNote: Government stamp duty applies on the following basis:l You pay Government Stamp Duty of €2.50 a year on Cashcards used atcash machines only.*You have to register for Anytime Banking to manage your account via online andtelephone banking. Terms and Conditions apply to this product and to AnytimeBanking. For details please see our Personal banking terms and conditionsbooklet available at your local branch or on our website www.ulsterbank.ie.There are limits on the amount you can transfer under any credit transfer. For detailsof the limits applicable for transfers made through Anytime Internet Banking pleasevisit our Help 24x7 service found on our website www.ulsterbank.ie. For TelephoneBanking the limits will be advised to you when you are making the transfer.Alternatively, you can contact us on our Anytime telephone service at1850 424 365 to see what options are available to you. In order to maintainthe highest level of service we may record calls.

6Loyalty SaverOverviewAn account that pays an annual bonus on the first business day in January eachyear, if you make no more than four withdrawals in an annual period. Annualperiods commence on the first business day of January and end of the lastbusiness day in December.Key features of Loyalty Saver1. Maximise interestMake no more than four withdrawals in an annual period and you’ll receive bonusinterest in addition to standard interest. If you open your account during an annualperiod, the bonus interest, if applicable, will be paid on a pro-rata basis. If you closeyour account during an annual period, the bonus interest will not be paid.2. Access to fundsAccount can be managed online or over the telephone through our AnytimeBanking* service or via a branch. Gives you instant access to your savings with nonotice required for withdrawals.3. Ideal for lump sum savingsThe account is designed for people who can maintain a balance of between€2,000 and €1,000,000.Account OpeningOnline, by telephone or in branch.

7Key considerationsYou must be over 18 and resident in the Republic of Ireland to open the accountonline or over the phone. Annual periods commence on the first business dayof January and end on the last business day in December. Withdrawals on anon-business day (weekend or bank holiday) are recorded as withdrawals onthe subsequent business day.*You have to register for Anytime Banking to manage your account via online andtelephone banking. Terms and Conditions apply to this product and to AnytimeBanking. For details please see our Personal banking terms and conditionsbooklet available at your local branch or on our website www.ulsterbank.ie.There are limits on the amount you can transfer under any credit transfer. For detailsof the limits applicable for transfers made through Anytime Internet Banking pleasevisit our Help 24x7 service found on our website www.ulsterbank.ie. For TelephoneBanking the limits will be advised to you when you are making the transfer.Alternatively, you can contact us on our Anytime telephone service at1850 424 365 to see what options are available to you. In order to maintainthe highest level of service we may record calls.

8Special Interest Deposit AccountOverviewWhether you want to save for your child’s education, deposit for a home, holidayor just a rainy day, the Special Interest Deposit Account is the way to go.Minimum balance €1 to a maximum of €100,000.Key features of the Special Interest Deposit Account1. Instant accessGives you instant access to your savings in branch, online or over the telephonethrough our Anytime Banking* service with no notice required for withdrawals.2. Daily interestInterest is calculated daily and paid annually in October.3. FlexibilityIdeal for regular savers, you can save anything from €1 up to €1,000 a month bystanding order and benefit from a competitive interest rate on balances up to€15,000. Change the amount you save per month, as often as you want, withoutincurring penalties or charges.Account OpeningOnline, by telephone or in branch.

9Key ConsiderationsYou must be aged 18 or over and resident in the Republic of Ireland.*You have to register for Anytime Banking to manage your account via online andtelephone banking. Terms and Conditions apply to this product and to AnytimeBanking. For details please see our Personal banking terms and conditionsbooklet available at your local branch or on our website www.ulsterbank.ie.There are limits on the amount you can transfer under any credit transfer. For detailsof the limits applicable for transfers made through Anytime Internet Banking pleasevisit our Help 24x7 service found on our website www.ulsterbank.ie. For TelephoneBanking the limits will be advised to you when you are making the transfer.Alternatively, you can contact us on our Anytime telephone service at1850 424 365 to see what options are available to you. In order to maintainthe highest level of service we may record calls.

10Fixed-Term DepositsOverviewIf you can commit your money for a longer term, you could enjoy higher growthpotential with a fixed-term saving option giving you peace of mind.Minimum deposit is €15,000. Please see the Money Desk product informationsheet for maximum balance rules. You must be able to commit the funds for theperiod concerned. Withdrawals are only permitted from the account on thematurity date. Early withdrawal of the funds may only be possible in exceptionalcircumstances and may incur a fee. Additional lodgements are not allowed onaccounts during the term; however a separate account may be opened with theappropriate minimum balance.Key features of Fixed-Term Deposits1. Fixed interest ratesRate is fixed prior to the funds being put on deposit, giving you peace of mindknowing that the interest rate will not change during the term. Please contactyour local Ulster Bank branch for Term Deposit interest rates.2. Flexible termsA wide range of options are available from 1 week to 2 years.3. Interest PaymentInterest on your savings is calculated daily and paid on the day the term ends.

11Key ConsiderationsFixed Term Deposits are available to new and existing personal customers agedover 18 and resident in the Republic of Ireland.For administration purposes you are required to open an instant access servicingaccount with us in the same name as the Fixed Term Deposit. This account willbe used for the processing of funds placed on and maturing from your FixedTerm Deposit, together with interest due to you. If you already operate an instantaccess account (i.e. an Account that does not require notice of withdrawal, such asan Ulster Bank Easy Access Savings Account or an Ulster Bank Current Account),with us in the same name as the Fixed Term Deposit, this can be used as theservicing account. You will not incur any additional charges for using yourinstant access account as a servicing account and you are not required to use itfor any other purpose; existing charges may still be applied as set out in theA Guide to Personal Accounts Fees and Interest brochure.The Terms and Conditions of the Service Account and Fixed Term Deposit areoutlined in our Personal Banking Terms and Conditions booklet which isavailable online and at your local branch.

12Saving for your kidsOverviewWhether you want to put money away for your children or would like to encouragehealthy saving habits right from the start, Ulster Bank has a range of youth savingsoptions that can grow as your youngsters do.urfirst Account (ages 0-11)Designed to get children from 0-11 years old counting their cents, a free HenriHippo moneybox can make saving fun.Key features of urfirst Account1. Fun StuffYour child can save up money in a free Henri moneybox between visits to the bank.2. Instant accessInstant access to your savings with no notice required for withdrawals.3. Daily interestInterest is calculated daily and paid quarterly.4. Joining is easyAll you need is €5 to open an account. If you’re a parent, godparent, relative or friend,you can open a urfirst Account for any child under 12.Key considerationsAnyone can open an account – a parent, godparent, relative or friend canopen a urfirst account for any child under 12 years of age. We need proof ofidentity and address for you and the child you’re opening the account for.Terms and Conditions apply. Further details available in branch.

13urmoney AccountInstant access savings available to 12-17 year olds.Key features of urmoney Account1. Instant accessInstant access to your savings with no notice required for withdrawals.You will need a Cashcard so that you can check your balance, order a statementor take out money whenever you want from any Ulster Bank cash machine.2. Daily interestInterest is calculated daily and paid quarterly.3. Joining is easyAll you need is €5 to open an account.Account OpeningIn branch.Key considerationsNote: Government stamp duty applies on the following basis:l You pay Government Stamp Duty of €2.50 a year on Cashcards used atcash machines only.

14Complimentary FinancialPlanning ReviewOur Financial Planning review is a free service to help get your finances in order. Thereview lasts 45-60 minutes and it’s simply about providing you with peace of mind.Key features of the Financial Planning Review1. ProfessionalAll Financial Planning Managers complete a thorough and comprehensivetraining programme and receive continuous professional development. Our staffmust undertake examinations to become a Qualified Financial Adviser (QFA).2. No chargeNo charge and no obligation to purchase, it’s just an added extra for Ulster Bankcustomers.3. Made-to-measureWhatever your life stage, whether starting out in your career or with amortgage and family, your review will be tailored to suit you and revised asyour circumstances change.4. ConfidentialAny information you give us will be treated with the utmost confidentiality.

155. A simple 4-step process for financial peace of mindl First, we take a snapshot of all your existing financial arrangements. To builda complete picture of where you stand financially we will cover all areas ofyour finances – Protection, Retirement plans, Savings and Investments.l Then we take a look at your plans for the future regarding home, retirement,your children’s education and so on.l We will then look at ways to help you maximise the earning potential of yoursavings, investments and retirement funds.l An initial plan will be drawn up with suggestions. Shortly after your review,you will receive a personalised report outlining all the details of your currentfinancial arrangements as well as recommendations made during the meeting.Key considerationsRemember, there’s no obligation to purchase and your review will only take45 to 60 minutes.How to set up a Financial Planning ReviewSpeak to a member of staff in your local branch todayor call 1800 200 936.486.

19Helpful tips on your financesSavingsSmart tips to consider when deciding on a saving accountl If saving for short term needs like holidays or Christmas, look for a savingsaccount with a good rate of interest and easy access to your money. Forlong term goals (like children’s education) a financial planning review mayhelp identify the most suitable product.l Some savings accounts offer better interest rates if you can put yourmoney aside for a certain length of time. So identify how much access youneed.l Some types of investment offering a potentially higher return may involvea risk – e.g. those linked to the stock market. Think carefully about howmuch risk you are prepared to take with your money.l Get into the habit of moving money every month from your currentaccount to a savings account. Setting up a direct debit or standing ordercan make this easier.It is a good idea to build up a ‘peace of mind’ savings fund of at least threemonths income. This will allow you to prepare for the unexpected, such asillness.

To find out more:Call into your local branch1800 303 004ulsterbank.ieBraille, large print and audioThis brochure is also available in Braille, large print, audio or on disk.Please contact your local branch for details or Textphone 1800 924 615.Information correct as at 20 July 2014Ulster 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. 25766. 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 Central Bank of Ireland.Calls may be recorded.ULST1365RI 20 July 2014