Money Desk Deposit - Overview
Place your funds in the money market for a fixed term at a fixed rate.
Money Desk Deposit-All Terms
- Place your funds in the money market for a fixed term at a fixed rate.
- Money market rates - interest rates that we will quote you before you place your funds. Please contact your local Ulster Bank branch for Money Desk Deposit interest rates.
- Fixed Interest Rates - giving you peace of mind knowing that your interest rate will not change during the term.
- Flexible terms - we offer a wide range of fixed-term options from 1 week to 2 years.
- Minimum balance* - €15,000
- Maximum balance* - €500k for terms up to 18 months. €1 Million for terms of 2 years or greater.
- Monthly Interest option - for fixed term deposits of greater than 1 year, you have the option of having your interest being paid monthly, otherwise your interest will be paid at the end of the term.
- No withdrawals or additional lodgements are allowed during the term
All returns are subject to Deposit Interest Retention Tax (DIRT). Under current legislation, the effective DIRT rate is 30%.
*From time to time we may also offer preferential rates for various fixed terms. The minimum and maximum balance, along with any other qualifying criteria and/or terms and conditions may vary. Details will be set out in our Money Desk Deposit Information Sheet available from any Ulster Bank branch.
Terms and conditions apply. Anyone over 18 can open a Money Desk Deposit. For administration purposes, an Instant Access Account (i.e. an Account that does not require notice of withdrawal) is required with Ulster Bank in the same name as the Deposit, if you do not hold one already. An Instant Access Account can be an Ulster Bank Easy Access Account or an Ulster Bank Current Account. The Instant Access Account will be used for the processing of funds placed on and maturing from your Deposit, together with interest due.
