Fixed Term Accounts
Fix the rate and term to suit your business
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.
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
Place your funds in a Money Desk Deposit from £2,500 for periods of 6 months or more
If depositing £10,000 or more, choose from periods of less than 6 months
No withdrawals or additional lodgements are allowed during your chosen term
For administration purposes, an instant access account (i.e. an account that does not require notice of withdrawal) is required with us in the same name as the deposit. The instant access account will be used for the processing of funds placed on and maturing from the deposit, together with interest due.
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.