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. Ulster Bank continues to have the backing of our parent Royal Bank of Scotland, and their continuing support from the UK 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. Terms and Conditions apply.
Our Products Trading Entities
Term Deposits, Certificates of Deposit & Repos: Ulster Bank Ireland Ltd., Ulster Bank Ltd.
Commercial Paper: Ulster Bank Finance PLC
A2      BBB+

F1      A-

P2      Baa1
Last change to UB ratings was 13-10-2011

Our Economist

Risk aversion continues to dominate as weaker US numbers add to euro woes

Concerns about unfolding events in the euro zone continue to cast a dark shadow over the financial markets landscape. Global equity markets fell further yesterday including on Wall Street where the S&P closed at a four-month low with losses of around 1.5% last night while the Dow Jones Industrial Average posted its eleventh loss in twelve days. Overnight ratings announcements certainly do little to alleviated investor concerns about the health of government and banking sector balance sheets, as Moody’s last night lowered debt ratings on 16b Spanish banks while Fitch cut Greece’s rating citing the risk that the country may not be able to sustain euro membership. Weaker US economic numbers on manufacturing and jobs certainly didn’t help the mood yesterday, with heightened risk aversion seeing US and German bond yields trading at or close to record lows this morning.

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