1 Year Fixed Rate Bond - Ulster Bank

1 Year Fixed Rate Bond

Ulster Bank
0.5 % AER
Headline Interest Rate
For 12 months
Compensation Scheme
£ 10,000 min initial deposit
£ 500,000 max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 0.5 % AER
Headline Interest Balance: £ 10,000
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 10,000
Date account was introduced: 21 Nov 2016

This account may be appropriate for you if

  • You are happy not withdrawing funds before the end of the term
  • You are over 18 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus

Account access

Open account byManage account by
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: maturity
Minimum Balance: £ 10,000
Maximum Balance: £ 500,000
Statement Frequency: annually
Additional Deposits: Not allowed
Standing Orders: Not allowed


Withdrawal Conditions: No withdrawals or closure are permitted during the term. In exceptional circumstances, the bank may, at its absolute discretion, permit the customer to terminate a deposit early.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: Free withdrawals are not permitted.
Transferred on Maturity: If no instructions are received from the customer at maturity, funds will be rolled over into the equivalent term product available at that time.


Additional Account Required: The customer must open an instant access account with Ulster Bank (NI) in the same name as the Term Deposit, if they do not hold one already. The instant access account will be used for the processing of funds placed on and maturing from the Term Deposit, together with interest.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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