Posted on August 19th, 2010 | Categories - Savings
Ulster Bank, part of The Royal Bank of Scotland, has launched a new market leading account offering an attractive rate of interest which will help your savings keep pace with inflation.
The Royal Deposit Plan 5 is a three year fixed rate account offering a fixed interest rate of 4.15% gross per annum.
The account must be held for the full term for interest to be credited, although interest can be paid to a separate account on an annual basis if you wish.
The account is available for new Cash ISAs and money held in existing Cash ISAs can be transferred into the account. The interest rate of 4.15% compares very well with other fixed rate Cash ISAs and an individual can also invest directly into the account, although the interest would of course be subject to tax.
Unusually for such an attractive rate of interest, it is also available for pension funds to invest in, via a SIPP or a SSAS. Businesses and trusts can also open the account.
The account is only available through financial advisers and will be available for a limited period of time, if you would like further information please contact us on 0845 074 7778 or email at email@example.com