Fixed Term Deposit - Overview
- Fixed Interest Rates - with Interest paid at the end of the term
- Flexible terms - choose the term that suits you best
- 12 months at 3.75% Gross (fixed)/3.75% AER (fixed)
- 18 months at 5.80% Gross (fixed)/ 3.83% AER (fixed)
- You cannot make withdrawals during the term
- Minimum balance is €15,000
- Maximum balance is €500,000
All returns are subject to Deposit Interest Retention Tax (DIRT). Under current legislation, the effective DIRT rate is 30%.
Gross is the interest rate paid before the deduction of tax.
Annual equivalent rate (AER) illustrates what the interest rate would be if paid and compounded each year.
Important Information
Terms and conditions apply. Ulster Bank reserves the right to remove this product from sale at any time. Gross interest rate quoted is calculated on a 360 day basis.
Over 18's only. For administration purposes you are required to open a feeder account with us in the same name as the Fixed Term Deposit. The feeder account will be used for the processing of funds placed on and maturing from your Fixed Term Deposit, together with interest due to you. If you already operate an instant access account (i.e. an Account that does not require notice of withdrawal, such as an Ulster Bank Easy Access Savings Account or an Ulster Bank Current Account), with us in the same name as the Fixed Term Deposit, this can be used as the feeder account. You will not incur any additional charges for using your instant access account as a feeder account; existing charges may still be applied as set out in the "A Guide to Personal Accounts Fees and Interest" brochure. If you do not operate an instant access account with us in the same name as the Fixed Term Deposit, you are required to open an alternative feeder account; this will be called a Service Account. You are not required to use the Service Account for purposes other than processing your Fixed Term Deposit. There are no charges on a Service Account. If at the end of the fixed term you wish to withdraw funds from the Service Account, you will be required to visit your local Branch. The Terms and Conditions of the Service Account are outlined in our Personal Banking Terms and Conditions booklet which is available at your local branch.
