Medium Term Accounts - Savings| Ulster Bank

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Medium term deposit accounts

Deposit funds for a fixed period of time

What is a medium term deposit account?

Our medium term deposit accounts let you place a lump sum for a fixed timeframe, they offer you:

 

Choice

 

Choose from a Fixed Term or Money Desk Deposit account

Confidence

 

Fixed interest rates mean you know in advance what interest your savings will earn

Medium term deposit accounts at a glance

RTE

Fixed Term Deposit

Money Desk Deposit

Who can apply?

Over 18s resident in the UK

Over 18 resident in the UK

Where do I apply?

Telephony, in branch

In branch

Minimum / maximum balance

£10,000 - £500,000

Min £10,000 for terms of less than 6 months, min £2,500 for terms of 6 months or more. No maximum balance

When can I access my savings?

Access at maturity

Access at maturity

When is interest paid?

At end of one year term

At end of agreed term

Rate

0.50% AER/Gross p.a (fixed) 

Linked to money markets

Term

One year

A range of fixed terms from one week to one year

Your eligible deposits with Ulster Bank Limited 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.

Please click here (84 KB PDF) for further information or visit www.fscs.org.uk.

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