How the UL Direct Account Works
Our UL Direct Savings Account is a solution to ordinary bank accounts that earn insignificant interest and have sky-high fees or service charges.
Main Product Features:
- No fees or service charges
- No surrender charge
- No minimum balance
- Automatic Savings Program available
- Easy access (online 24/7 or by phone)
How to Sign Up
First, you need to register with our Client Service online or by phone by calling 1 800 567-0988 during business hours.
Next, you need to write a cheque made payable to UL Mutual (minimum $10) from your current chequing account and send it to us by mail with the registration form duly completed (online or by phone with the assistance of an agent) and signed.
After receiving the documents, we will use the cheque as a first deposit in your new UL Direct Savings Account. Plus, it will link your bank account to your UL Direct Savings Account so you can transfer money between these two accounts. Any subsequent transaction must be made online or by phone.
Terms
Interest is calculated daily and paid monthly.
Interest rate is subject to change at any time.
Click here to read the complete terms of the UL Direct Savings Account.
We encourage you to contact your insurance representative for additional product information to ensure that you receive the best possible advice to suit your specific needs.