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Useful information

Fixed Term Deposit - Overview

Rates effective from 16 July 2015
  • Fixed Interest Rates - with interest paid at the end of the term
  • Flexible terms - choose the term that suits you best
    • 6 months at 0.40% Gross (fixed)/0.80% AER (fixed)
    • 12 months at 0.90% Gross (fixed)/0.90% AER (fixed)
    • 24 months at 1.90% Gross (fixed)/0.95% AER (fixed) - (in branch only)
    • 36 months at 3.03% Gross (fixed)/1.00% AER (fixed) - (in branch only)
  • You cannot make withdrawals during the term.
  • Minimum balance is €15,000.
  • Maximum balance is €500,000 for terms less than 24 months and €1,000,000 for terms of 24 months or greater.
  • At the end of the 12 and 6 month terms withdrawal instructions must be provided. If not, your deposit will be automatically renewed for the same term at the prevailing rate.

How to apply

Drop into your local branch


Anytime banking customers can apply online (sole applicants only) by following the steps below:

  • Log on to Anytime Internet Banking.
  • Select 'Savings' from the Our Products section on the right hand side of the Accounts Summary screen.
  • Choose 'Apply for a Fixed Term Deposit' from the pop up window.
  • Complete the short application form.
  • Your account will normally be opened within two working days subject to account opening checks.
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Alternatively you can apply in your local branch.

All returns are subject to Deposit Interest Retention Tax (DIRT). Under current legislation, the effective DIRT rate is 41%.

Gross is the interest rate paid before the deduction of tax.

Annual equivalent rate (AER) illustrates what the interest rate would be if paid and compounded each year.

Important Information

Terms and conditions apply. Ulster Bank reserves the right to remove this product from sale at any time. Gross interest rate quoted is calculated on a 360 day basis.
For administration purposes you are required to open an instant access account with us in the same name as the Fixed Term Deposit.

The instant access account will be used for the processing of funds placed on and maturing from your Fixed Term Deposit, together with interest due to you. If you already operate an instant access account (i.e. an Account that does not require notice of withdrawal, such as an Ulster Bank Easy Access Savings Account or an Ulster Bank Current Account), with us in the same name as the Fixed Term Deposit, this can be used as the instant access account.

You will not incur any additional charges for using your instant access account as a feeder account; existing charges may still be applied as set out in the "A Guide to Personal Accounts Fees and Interest" brochure. If you do not operate an instant access account with us in the same name as the Fixed Term Deposit, you are required to open an alternative instant access account; this will be called a Service Account.

You are not required to use the Service Account for purposes other than processing your Fixed Term Deposit. There are no charges on a Service Account. If at the end of the fixed term you wish to withdraw funds from the Service Account, you will be required to visit your local Branch. The Terms and Conditions of the Service Account are outlined in our Personal Banking Terms and Conditions booklet (also available at your local branch).

To arrange an appointment in your branch

Call 1800 303 004

Lines are open:
8.30am - 7.30pm Monday and Friday
8.30am - 9pm Tuesday, Wednesday and Thursday. (excl. bank holidays).

Calls may be recorded.