Youth Savings Accounts - Young People | Ulster Bank

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urfirst and urmoney Savings Accounts

Our savings accounts for under 18's

Find your nearest branch & start saving!

Available to customers aged under 18, resident in the Republic of Ireland. Terms and conditions apply.

At a glance urfirst (0-11) Savings Account
 
Start small. Open the account with just €5
 
Only a parent or guardian will have access to the money 
 
A relative or friend over 18 can open the account for a loved one

 

We will need proof of ID and address for you and the child you're opening the account for. Bring along the required documentation and your account will be opened.Identification for the child can be a passport, birth certificate or medical card. Proof of address for a parent or guardian can be used as proof for the child provided surname and address are the same.

More on what documents we require
Rate
Account: urfirst Savings Account
Frequency interest paid: Quarterly
Gross/AER % (variable): 1.25% Gross 1.26% AER
Say hello to Henri Hippo!
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Henri Hippo is back to help your kids save just like you did. Download our free learning resources below to help start the saving habit.

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Calculate your savings and watch them grow on our printable wall chart!

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All this money stuff is hard work, so take a break and have some fun!

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Henri Hippo moneybox on bedside table

Free Henri Moneybox

Open a urfirst Savings Account and your child will receive their very own free Henri Moneybox to help get them saving!

Henri Moneyboxes are suitable for children aged 3+ and are limited to one per new account holder based in the Republic of Ireland.

At a glance urmoney (12-17) Savings Account
  • Open the account yourself - under 16's will need a parent or guardian to sign the application form to receive a cash card (a Government Stamp Duty charge of 12 cent is applied to each domestic  cash withdrawal made at an ATM. The total fee paid per annum per card is capped at €2.50 on ATM only cards and €5 on combined ATM and debit cards, and is applied annually in January).
  • Your own cash card - you can apply for your own cash card so that you can check your balance, order a statement or take out money whenever you want from any Ulster Bank cash machine with no notice required

 

We will need proof of identification and address.Identification can be a passport, birth certificate or a medical card. Proof of address for a parent or guardian can be used as proof for those under 18 years provided surname and address are the same. Simply book an appointment at your nearest branch, bring along the required documentation and your account will be opened.

Rate
Account: urmoney Savings Account
Frequency interest paid: Quarterly
Gross/AER  (variable): 1.25% Gross    1.26% AER

Important information

Gross: interest rate paid before the deduction of tax. Annual Equivalent Rate (AER): What the interest rate would be if paid and compounded each year. All returns are subject to the Deposit Interest Retention Tax (DIRT). Under current legislation, the effective DIRT rate is 41%.

MoneySense

Our MoneySense AT HOME website is designed to help parents talk to their families about money. The site provides helpful hints, tips and practical exercises on budgeting, managing debt and getting value for money.

Also see the MoneySense FOR SCHOOLS website, our free financial education programme for students.

Moneysense website displayed on a computer screen
urfirst and urmoney Savings Accounts Ready to apply?
Find your nearest branch
Get in touch Call us today

Call 1800 303 004

 

Lines are open: 

Mon & Fri 8.30am - 7.30pm
Tues, Wed & Thur 8.30am - 9pm
(excluding bank holidays).

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