Regular savers surge at Ulster Bank

Figures issued by Ulster Bank today have shown a surge in the number of regular saving customers across the island of Ireland. Between April and September of this year, the Bank saw an increase of over 50% in the number of regular savings accounts opened, with customers saving £260, on average each month.

Most popular with young professionals, Ulster Bank’s Special Interest Deposit Account, is simple and flexible allowing customers to set their own goals and develop the savings habit.

“We have been pleasantly surprised by the response from customers to develop their savings habits. At a time when bills are rising and incomes are being stretched it can be difficult for people to plan for their futures”, said Stephen Cruise, Managing Director, Branches, Private Banking and Advice NI at Ulster Bank.

“Listening to customers, we designed an innovative account that provides the comfort of instant access, the freedom to change the amount saved each month and a rewarding rate, whether you can save £1 or £1,000 each month. It really is a simple way to start saving for the future or just a rainy day.” Stephen continued.

Ulster Bank’s Regular Saver Special Interest Deposit Account was launched in April 2010. Since then more than 416 accounts per week have been opened making it one of the most popular savings products launched by the Bank.

Both new and existing customers can open a Special Interest Deposit Account at any Ulster Bank branch, online at www.ulsterbank.co.uk/savings, or over the telephone on 0800 046 6486 (NI).

Further information on the full range of savings accounts available from Ulster Bank can be found at: www.ulsterbank.co.uk/savings or in any Ulster Bank branch.

* £300 saved per month leads to £58.50 interest at the anniversary of the first deposit.