Breaking out of fixed term savings account

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2Clueless

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Hi all,
Signed up for a fixed 1 year savings account in June (40k). At the time of opening it, I did not foresee needing the money but a house has come up for sale unexpectedly early and this money would be a great help re costs of renovating. Can I break my fixed term? If yes, what are the costs? Thanks
 
It depends on the bank.
Most will let you break for unexpected circumstances. Typically they'll just pay back without interest.
 
Speak to Ulster Bank, give a good sob story, and hopefully Ulster Bank will let you exit early.

Whilst officially speaking you cannot exit early and Ulster Bank might say no, years ago, I heard of someone exiting an Ulster Bank term deposit early and getting accrued interest too.
 
They might be more likely to break deposit terms for you if you tell them that's where you're getting your mortgage.
 
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