INTEREST RATES ON VARIOUS PRODUCTS (Effective from 20/01/2020)

Download the full Interest Rate Sheet.

UBL UK Personal Accounts 

Online Easy Access Account

 

Account

GROSS

Online Easy Access

0.60%           

Only available in GBP. Variable interest rate. Interest is calculated on a daily basis and credited annually in December. Minimum interest earning balance £500/Maximum interest earning balance £200,000

EUR Denominated Accounts (from 25th February 2019)

 

Account

GROSS

All EUR Accounts in Credit

-1.00%

Variable interest rate. Interest is calculated on a daily basis and debited annually in December. A deposit of €2,000 at an annual Gross rate of -1.00% would generate an estimated balance of €1,998.00 assuming no changes to the balance or interest rate over 12 months.

90 Day Notice Account (Business and Personal)

 

Account

GROSS

90 Day Notice Account

1.00%

 

35 Day Notice Account (Business and Personal)

 

Account

GROSS

35 Day Notice Account

1.00%

Interest is variable and credited half yearly in June and December. Minimum interest earning balance £1/ Max deposit £1,000,000 applies

GBP Personal Fixed Term Deposit Rates

 

 

Term of Deposit

GROSS

AER

1 Month Fixed Deposit

 

 

Interest Paid at Maturity

0.05%

0.05%

3 Month Fixed Deposit

 

 

Interest Paid at Maturity

0.10%

0.10%

6 Month Fixed Deposit

 

 

Interest Paid at Maturity

0.15%

0.15%

1 Year Fixed Deposit

 

 

Interest Paid at Maturity

0.60%

0.60%

2 Year Fixed Deposit

 

 

Interest Paid Monthly

1.79%

1.80%

Interest Paid Annually

1.80%

1.80%

Interest Paid at Maturity

1.82%

1.80%

3 Year Fixed Deposit

 

 

Interest Paid Monthly

1.98%

2.00%

Interest Paid Annually

2.00%

2.00%

Interest Paid at Maturity

2.04%

2.00%

5 Year Fixed Deposit

 

 

Interest Paid Monthly

2.08%

2.10%

Interest Paid Annually

2.10%

2.10%

Interest Paid at Maturity

2.19%

2.10%

7 Year Fixed Deposit

 

 

Interest Paid Monthly

1.93%

1.95%

Interest Paid Annually

1.95%

1.95%

Interest Paid at Maturity

2.07%

1.95%

Interest is fixed for the term of deposit. Minimum balance £2,000/Maximum balance £1,000,000 applies.

Fixed Rate Cash ISA

 

 

Term of Deposit

GROSS

AER

1 Year Fixed Rate Cash ISA

 

 

Interest Paid at Maturity

0.48%

0.48%

2 Year Fixed Rate Cash ISA

 

 

Interest Paid Monthly

1.49%

1.50%

Interest Paid Annually

1.50%

1.50%

Interest Paid at Maturity

1.51%

1.50%

3 Year Fixed Rate Cash ISA

 

 

Interest Paid Monthly

1.66%

1.67%

Interest Paid Quarterly

1.66%

1.67%

Interest Paid Annually

1.67%

1.67%

Interest Paid at Maturity

1.70%

1.67%

5 Year Fixed Rate Cash ISA

 

 

Interest Paid Monthly

1.89%

1.91%

Interest Paid Quarterly

1.90%

1.91%

Interest Paid Annually

1.91%

1.91%

Interest Paid at Maturity

1.98%

1.91%

Interest is fixed for the term of deposit. Minimum balance £2,000/ Maximum balance £1,000,000 applies

UBL UK Business Accounts

GBP Business Savings Account:

 

 

Balance up to:

GROSS

AER

Over £499,999.00

0.25%

0.25%

Up to £499,999.00

0.25%

0.25%

Up to £99,999.00

0.25%

0.25%

Up to £49,999.00

0.25%

0.25%

Up to £9,999.00

0.20%

0.20%

Interest to your account will be calculated daily and credited half yearly in June and December.

All rates are variable, but we will inform you beforehand where the rate change is to your disadvantage.

Please note that interest is paid on incremental basis. For example: if you have a deposit of £40,000 you will be paid

interest of 0.20% on 1st £9,999 and 0.25% for the remaining £30,001 of your balance.

EUR Denominated Business Accounts (from 25th February 2019)

 

Account

GROSS

All EUR Accounts in Credit

-1.00%

 

GBP Business Fixed Deposit Rates

 

 

Term of Deposit

GROSS

AER

1 Month Fixed Deposit

 

 

Interest Paid at Maturity

0.05%

0.05%

3 Month Fixed Deposit

 

 

Interest Paid at Maturity

0.10%

0.10%

6 Month Fixed Deposit

 

 

Interest Paid at Maturity

0.15%

0.15%

1 Year Fixed Deposit 

 

 

Interest Paid Monthly

0.50%

0.50%

Interest Paid Annually

0.50%

0.50%

2 Year Fixed Deposit 

 

 

Interest Paid Monthly

0.65%

0.65%

Interest Paid Annually

0.65%

0.65%

Interest Paid at Maturity

0.65%

0.65%

3 Year Fixed Deposit 

 

 

Interest Paid Monthly

1.14%

1.15%

Interest Paid Annually

1.15%

1.15%

Interest Paid at Maturity

1.16%

1.15%

5 Year Fixed Deposit 

 

 

Interest Paid Monthly

1.64%

1.65%

Interest Paid Annually

1.65%

1.65%

Interest Paid at Maturity

1.71%

1.65%

7 Year Fixed Deposit

 

 

Interest Paid Monthly

1.83%

1.85%

Interest Paid Annually

1.85%

1.85%

Interest Paid at Maturity

1.96%

1.85%

Interest is fixed for the term of deposit. Minimum balance £2,000/Maximum balance £1,000,000 applies

IMPORTANT NOTICE:

Fixed Term Deposits: Early withdrawal from fixed term deposit accounts is at the banks discretion and may result in a penalty charge.

Interest is not compounded.

For Fixed Deposit products, interest rates will remain fixed for the term of the investment once the account has been funded.

For accounts not yet funded these rates may change. It is the customers responsibility to complete the required documentation and fund the account within 7 days of application.

If the bank decides to change interest rates, the rate you applied for will only be valid for 7 days from the date you submit your application.

Please contact us for interest rates for deposits above £1,000,000.

Definitions:

Gross Interest: 

Contractual rate of interest payable on savings accounts

AER (Annual Equivalent Rate):

AER illustrates what the interest would be if interest was paid and compounded each year. Please note that other interest payment periods are available and the actual interest rate on your deposit will be lower if you have interest paid to you more frequently

US Dollar Fixed Deposit Rates (AER/Gross) (applicable to both Personal and Business accounts)

 

 

$25,000 - $1,000,000

1 Month

1.30%

3 Month

1.55%

6 Month

2.10%

12 Month

2.35%

Please contact us for interest rates for deposits above US$1,000,000/-

The minimum balance requirement for new deposits is $25,000. The existing fixed deposits with balances less than $25,000 will also be offered the above interest rate for selected term.

 

Staying safe online

We are aware that financial services companies may be targets for people seeking to fraudulently obtain login information. To protect yourself online, it is important that you check you are on the right website before entering login information. Please look out for the lock symbol next to the website URL to ensure that you are using an genuine and encrypted site. If you are not sure you are using a genuine UBL UK website, please call us on 0121 753 6000 Monday to Friday from 9:15am to 5:15pm. 

The sites managed by UBL UK are as follows: www.ubluk.com, www.netbanking.ubluk.com and www.ubluknetremit.com. You should see these URL's and the lock symbol in your browser header.