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Special Interest Bearing Account (SIBA)
At Ulster Bank we recognise the need to offer competitive interest rates and instant access solutions to help you manage your business cashflow. SIBA helps you to control the return on your deposits as rates can be tailored to suit you and the amount you can deposit. In this competitive climate you can feel confident that you are getting the results you need.
Key benefits
- Rates can be tailored to suit you and the amount you can deposit.
- Rates are variable and linked to the Bank of England base rate. Your interest rate will therefore fall or rise in line with changes in the Bank of England base rate.
- As an instant access account, SIBA offers you increased flexibility when managing cashflow, without any restrictions on withdrawals.
- Your account can be registered on Bankline and balances can be easily viewed and funds transferred through our e-banking platform so you can manage your cashflow.
Key features
- There is no limit on the number of withdrawals that can be made.
- Your Ulster Bank Relationship Manager can review your rate of interest based on your deposit.
- Interest is calculated daily and paid quarterly to your SIBA account.
- A minimum balance of £5,000 is required.
Please read the Business Banking Terms and Conditions for this account.
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