Ulster Bank Savings and Investments

The Triumph Investment Bond takes the guesswork out of investing.
Your investment is exposed to three contrasting investment portfolios-Aggressive, Balanced and Cautious-and you receive returns on whichever performs the best at the end of your chosen term.
You can choose between two terms: 3 Years 6 Months or 5 Years 11 Months
On the 5 Year 11 Month term your capital is invested in two parts:
20% of funds are invested in a fixed rate deposit account earning a fixed rate of 10% gross/AER* for one year.
The remaining 80% of your funds are linked to the performance of the three portfolios.
Let us do the hard work for you, and you can reap the benefits of the most successful strategy at the end of your term.
Please call into your local branch for more details on this product.
*AER is Annual Equivalent Rate and shows what the rate would be if compounded each year
Any return on the Tracker Bond is subject to DIRT + 3% where applicable at the time of maturity.

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Triumph Investment Bond Terms

1. The Triumph Investment Bond is available to personal customers only aged between 18 and 85 inclusive. All Body Corporates may also open an account.
2. The minimum investment amount is €3,500
3. The term of the 3 Year 6 Month bond commences on the 16th June 2008 and matures on the 16th December 2011. No withdrawals may be made before the end of the term.
4. The term of the 5 Year 11 Month bond commences on the 16th June 2008 and matures on the 16th May 2014. The One year fixed term deposit account matures on 16th June 2009. No withdrawals may be made before the end of the term.
5. Ulster Bank Ireland Limited undertakes to repay 100% of your deposit at the end of the term irrespective of stock market performance. You will also receive a fixed return of 10% gross/AER on 20% of the capital invested after year 1 of the 5 Year 11 Month investment.
6. Interest will be paid after the deduction of Deposit Interest Retention Tax (DIRT) where applicable. Under current legislation, the effective DIRT rate is 23% (i.e. standard rate of income tax plus 3%). Tax liability and other matters referred to are as applicable under current legislation, which may change, and their applicability will depend on your individual circumstances.
7. If you are not happy with your choice of deposit within 14 days of signing your application, we will help you to switch to another Account of your choice or we will give you back your initial funds deposited in such circumstances. No interest will be earned.

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