Ulster Bank Fixed Rate Account

[cavanMan]

just opened a one year fixed account with UB last week and indicated to get the interest at maturity!! however I have decided I would like to recieve the interest monthly....I rang up UB and they told me I can't change it now...

Am I wrong but isn't there a cooling off period off 14 days so if your unhappy you can change the interest options or whatever...

replies welcome.

 

[Lightning]

I think the cooling off period varies from bank to bank?

 

[Sue Ellen]

just opened a one year fixed account with UB last week and indicated to get the interest at maturity!! however I have decided I would like to recieve the interest monthly....I rang up UB and they told me I can't change it now...

Am I wrong but isn't there a cooling off period off 14 days so if your unhappy you can change the interest options or whatever...

replies welcome.

Not sure if this is relevant from [broken link removed]:

"6 Cancellation Rights
When We open your Account, We will write to You with your Account number and other information about your Account. If You (or one of You, in the case of a joint Account) are not happy with your choice of Account, You (or one of You) may cancel it within 14 days of receipt of your Account number by confirming your decision in writing addressed to your branch. Alternatively You can give notice of cancellation by sending a fax to our Customer Service Centre on 048 9076 2147 or by sending an
e-mail to cscaccountmaintenance1@ulsterbank.com. If You do so We will give You back all the money You have deposited in the Account with any interest it has earned. We will ignore any notice period and any extra charges for withdrawing funds early; this would not apply if the interest on the Account depends on rises and falls in markets outside our control, or is fixed-rate."