What is a SIDA?
SIDA stands for special interest deposit account. With a SIDA you can save regularly each month by standing order
Award Winning Online
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
Award Winning Online
Easy access
Be in control and manage your savings online, over the phone or call into your local branch
Award Winning Online
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 37%
- 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