Ulster Bank sets out savings plan

Ulster Bank has announced its range of savings products for savers who wish to participate in the Government Special Savings Incentive Account (SSIA) scheme. Ulster Bank has said its SSIA variable interest rate would be at least 4.25 per cent until June 29th, 2001. Thereafter, it guarantees the variable rate of interest will not fall below 0.5 of a percentage point below European Central Bank rates. Interest rates will be confirmed closer to May 1st when the scheme is due to start.