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

*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, you are required to open a feeder account with us in the same name as the Money Desk Deposit. The feeder account will be used for the processing of funds placed on and maturing from your Money Desk 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 Money Desk Deposit, this can be used as the feeder 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 Money Desk Deposit, you are required to open an alternative feeder account; this will be called a Service Account. You are not required to use the Service Account for purposes other than processing your Money Desk 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 which is available at your local branch.