Useful information

Money Desk Deposit - Overview

Invest in the money market for a fixed term at a fixed rate.

  • Money market rates - attractive interest rates that we will quote you before you place your funds.
  • Fixed interest rates - protect your money from potential decreases in interest rates for the fixed period of your deposit.
  • Flexible terms - we offer a wide range of fixed-term options from 1 week to 1 year.
  • No maximum balance - there are no upper limits on how much you can hold on deposit. Minimum balances are:
    • 1 week fixed deposit £10,000
    • 1 month fixed deposit £10,000
    • 3 months fixed deposit £10,000
    • 6 months fixed deposit £2,500
    • 9 months fixed deposit £2,500
    • 1 year fixed deposit £2,500

Anyone over 18 can open a Money Desk Deposit account. You must also have an Ulster Bank current account or instant access savings account. Interest is paid into your account at maturity.