What is a SIDA?
SIDA stands for special interest deposit account. With a SIDA you can save regularly each month by standing order
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Start small
You can open your account online, or in the branch with as little as €1. Save up to a maximum of €1000 every month by standing order
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Easy access
Be in control and manage your savings online, over the phone or call into your local branch
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Flexible
Make withdrawals whenever you need to, or change the amount you are saving at any time
The need to knows
- You can apply for an account online or at any Ulster Bank branch
- You need to be over 18 and resident in the Republic of Ireland to open an account
- You need to register for Anytime Banking to manage your account online or over the phone (when you are making a transfer online or over the phone the limits will be advised to you)
- Terms and conditions apply
| Balance | Gross / AER Variable | Frequency Interest paid |
| €1 - €15000 | 0.85% | Annually in October |
| €15,001 - €100,000 | 0.15% |
- All returns are subject to Deposit Interest Retention Tax (DIRT).Under current legislation, the effective DIRT rate is 33%
- Gross is the interest paid before tax is deducted
- AER stands for annual equivalent rate and illustrates what the rate would be if paid and compounded each year