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Money Markets

As we are conscious of the need for you to extract the most value from your cash resources, Ulster Bank Capital Markets offers you a range of deposit options. Your Deposits are supported by Ulster Bank Groups' own financial strength and the backing of our parent, Royal Bank of Scotland, and their continuing support from the U.K. Government.
Deposits can be placed from over-night to one year, and non-standard, or indeed longer term periods are available. Minimum principal amounts of €1million or £1million, apply.
Our Products Trading Entities
Term Deposits, Certificates of Deposit & Repos: Ulster Bank Ireland Ltd., Ulster Bank Ltd.
Commercial Paper: Ulster Bank Finance PLC
A-1      A

F1+      A+

P-1      A2
Last change to our ratings was 26-01-2010

Our Economist

Sterling still under pressure

Sterling continues to find the going tough on the currency markets. The incoming polls are showing a declining probability of a decisive outcome in the UK general election, making it more difficult for markets and the ratings agencies to gain a sense of clarity and confidence about the post-election trajectory of the public finances. A larger than expected trade deficit didn’t help sterling’s cause either yesterday, with the gap between exports and imports widening to £3.8bn in January – the widest level since August 2008. The result has been further modest losses for sterling against the dollar, which has been a bit firmer generally; GBP/USD is back below the $1.50 level, having traded as low as $1.49 overnight. Eur/Stg remains under upward pressure, and is hovering around the 91p mark as the European session kicks off.

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