Fixed Term Accounts

Fix the rate and term to suit your business

Information Message
Checking savings account

Money Desk Deposit

A fixed term deposit with interest rates linked to the daily money markets. Money market rates are the interest rates that we quote you before you place your funds in a Money Desk Deposit.

Key features

  • Fixed interest rates giving you peace of mind knowing that your interest rate will not change during the term
  • We offer a range of terms from 1 week up to 1 year
  • No upper limit on how much you can hold on deposit
  • The minimum balance depends on the required term of the deal. Minimum balance of £10,000 required for periods up to 6 months and £2,500 if you choose a period greater than 6 months.
  • No withdrawals or additional lodgements are allowed during your chosen term
  • If, due to exceptional circumstances, you terminate the account early, break fees may apply and your payment of interest may be reduced. Breakage costs will be calculated at the market rate at time of breakage. 

Important Information

For further information on all of our savings accounts please read and save a copy of:

Money Desk Deposit terms and conditions (PDF, 167KB)

Guide to Business Current Account Fees (PDF, 120KB 

Two people monitoring interest rates.

Financial Services Compensation Scheme

Your eligible deposits with Ulster Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

For more information, view the guide (84KB, PDF) or visit www.fscs.org.uk.

How to apply for a Money Desk Account

Business Customers (annual turnover under £6.5m)

If you are a business customer call us on 0345 366 5592

Relay UK: 18001 0345 366 5592

If you are calling from abroad: 0044 345 366 5592

Lines are open Mon to Fri 8.30am-5.30pm


Commercial and Corporate Customers (annual turnover over £6.5m)

If you are a commercial or corporate customer call us on 0345 601 4817 or contact your relationship manager

Relay UK:  18001 0345 601 4817

Lines are open Mon to Fri 8.30am-5.30pm

Anything else we can help with?