Useful information

Combination Bond Series 5 - Overview

  • Choice of terms: for 3 Years 6 Months or 5 Years 6 Months.

    3 Years 6 Month Option
    • Get 8% gross/AER fixed interest after 1 year on part of your money if you choose the 3.5 year term, plus
    • Potential variable interest up to 6% gross / 5.59% AER on the rest.


    5 Years 6 Month Option
    • Get 12% gross/AER fixed interest for 2 years on part of your money if you choose the 5.5 year term, plus
    • Potential interest up to 10% gross / 8.29% AER on the rest.
  • Minimum deposit - £2,000. There is no upper limit.
  • Interest locked in each year when earned.
  • 100% security for your capital at maturity - you will get back what you deposit, so long as Ulster Bank can meet its liabilities.
  • Tax-free interest - use this year's and previous years ISA allowances to earn tax-free interest.
  • Opportunity to have your interest linked to the performance of 20 of the biggest UK & European companies - famous names like Tesco, Nokia and BP.
  • Maximum interest paid - if all share prices don't fall.
  • Potential to earn interest even if some shares fall.
  • Closing date: 21 May 2010
Warning: You may receive less than the maximum variable interest quoted above. In the worst case scenario, if all shares fall in value, after you have received any fixed interest, you may only receive your initial deposit back at maturity of the 3.5 or 5.5 year part.