Ulster Bank Fixed Rate Bonds

If you have a sum of money you wish to lock away for a predefined period of time you may be wondering what an Ulster Bank fixed rate bond could offer you. Before you decide if it is the right choice for you however you can use the comparison table below to look at a range of bonds from different providers which might help you decide which one is the best for you:

ProviderAccountInterest RateTermApply
5.00%Current Account
Instant Access
More Info >
5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Must be aged 18 or older.
1.00%Instant AccessMore Info >
Earn 1.00% gross/AER Instant Access. No notice periods. Unlimited payments and withdrawals. Pay in from £100. RCI Bank are protected up to a total of €100,000 by the FGDR, the French deposit protection scheme. Manage account online.
5.00%Current Account
Instant Access
More Info >
5.00% interest on balances up to £2,000 PLUS 5% cashback on first £100 of Contactless payments every month. Must pay in a minimum of £500 into the account each month. No monthly account fee.
0.95%Easy AccessMore Info >
Earn 0.95% tax free/AER variable. Open with £100. Unlimited free withdrawals. Transfer in ISAs held elsewhere - no limit


per annum

£1,000More Info >
Earn 1.95% gross/AER fixed for 5 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. Annual or monthly interest.


per annum

£1,000More Info >
Earn 1.55% gross/AER fixed for 30 months. £1,000 minimum deposit. Interest paid on maturity.


per annum

£1,000More Info >
Earn 1.50% gross/AER fixed for 3 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available


per annum

£1,000More Info >
Earn 1.46% fixed interest - 24 month term - Minimum deposit £1,000 - Interest paid on maturity - No withdrawals permitted - FSCS Protected
1.50%Current Account
Instant Access
More Info >
Monthly Interest of 1.50% AER (variable) payable on your entire balance up to £20,000 (3.0% AER until 1st November 2016). Monthly Cashback on selected household bills. Must pay in £500 into the account each month.


per annum

£10,000More Info >
Earn 1.30% fixed interest - 1 year term - Minimum deposit £10,000 - No withdrawals - FSCS Protected


per annum

1 YearMore Info >
1.10% gross/AER fixed for 1 year. £1,000 minimum opening balance. Withdraw cash early if you need to (subject to loss of interest).
1.00%Current Account
Instant Access
More Info >
Innovative new banking service powered by Clydesdale and Yorkshire Banks. Get your current account and instant access savings account working together. Earn 1% AER on ALL instant access credit balances, and 0.5% AER on current account balances up to £2,000 until 30 November 2016. From 01 December 2016 the rate will be 0.25% AER (0.25% gross p.a. variable). INTRODUCTORY OFFER: Free for the first 12 months.
0.75%Easy AccessMore Info >
0.75% gross/AER on balances from £1,000 to £1 million. Guaranteed to be at least 0.50% above Base Rate** until 31st December 2017. Unlimited withdrawals without restriction or loss of interest.
Short Term Fixed Rate Bonds (0-2 years)
ProviderAccountInterest RateTermApply
1.00%Instant AccessApply Now >
  • Earn 1.00% AER Gross.
  • No penalties, fees or notice periods
  • Free unlimited payments and withdrawals
  • Deposit from £100
  • Interest paid monthly or annually
  • 7 day support
  • Covered by the French Depositor Compensation Scheme
  • Apply in minutes
  • Must be UK resident and aged 18 or older

Ulster Bank fixed rate bonds key facts:

  • Available to both new and existing customers of Ulster Bank
  • You need to be aged 18 or over and a resident of the United Kingdom
  • Minimum balance of £10,000
  • Maximum balance of £500,000
  • No withdrawals can be made during the bond’s term
  • Gross interest is calculated on a 365 day basis
  • Interest is paid at the end of the term
  • Applications can be made online, over the phone or in the branch
  • You will need to open an instant access account (i.e. an account that does not require notice of withdrawal) with Ulster bank in the same name as the Fixed Term Deposit
  • Early closure may only be possible in exceptional circumstances but they will incur a charge.


As opening a fixed rate bond requires you to lock your savings into the investment for a set period of time before you do so it is a good idea to shop around to compare the market to see if you can find the best plan for your specific circumstances.


You might also want to consider alternative savings plan as well to see if they could better suit your needs.


Alternative plans include:

  • Tracker Bonds – another type of bond, unlike a fixed rate bond the interest rate you receive on the bond can vary over its course in response to changes made to the Base Rate by the bank of England which it tracks.


  • Structured Deposits - this type of plan also requires you to lock up your funds for a period of time however it is not a bond and you are not guaranteed to receive interest on your investment. Structured deposits are normally tied to an index like the FTSE 100.  They generally offer better potential interest rates than fixed rate bonds or instant access savings accounts, however you will only receive interest if over the bonds course the index or indices the plan is tied to performs in a way that fufils the criteria set out in the terms and conditions of the plan, if it does back at the end of the term you will just receive back the amount you originally invested.


  • Savings Accounts - You may also wish to consider an instant access savings account, they generally offer lower rates of interest than a lender’s fixed rate bond offering but you are usually permitted to make unlimited withdrawals.