Online Easy Access Account

Great rates and instant access to funds

At United Bank UK, we’ve created a smart, secure and easy-to-use savings account. Providing instant access to your funds via UBL UK Online Banking, the Online Easy Access Account helps you keep track of your finances and prepare for those unforeseen expenditures and emergencies.

Giving you flexibility and control over your money, UBL Online Easy Access Account is a convenient way for you to maximise your personal income. It offers an unrestricted number of deposits and withdrawals (subject to daily online banking limits), and enables you to manage your funds in a way that works for you. You’ll also benefit from a highly competitive rate of interest. Calculated daily, interest is paid out once a year, with the potential to earn 0.90% AER annually (changing to 0.60% AER from 03.07.2017), while Financial Services Compensation Scheme (FSCS) protection means your money is totally secure.

The UBL Online Easy Access Account is available as a sole or joint account. The minimum interest earning balance requirement is £500, and the maximum interest-earning balance is £200,000.

This Information Sheet sets out the key information you need to know about your account. It should be read together with the Savings Accounts Terms and Conditions and forms part of our agreement with you. Please keep it for future reference.

Summary Box - Online Easy Access Account:

Account Name: Online Easy Access Account

It is a variable rate, with the rate as at 02.05.2017 shown below:

0.90% AER/Gross p.a. (Changing to 0.60% AER/Gross p.a. from 03.07.2017)

Interest is calculated daily and paid annually into your Online Easy Access Account.


As this account pays a variable rate of interest, the rate can change over time. For example we might review the interest rate if the Bank of England base rate changes. We’ll always let you know of any planned changes to the rate.

Two months' notice will be given for all variable interest rate changes.

A deposit of £1,000 at an annual Gross rate of 0.90% would generate an estimated balance of £1,009.00 (an annual Gross rate of 0.60% would generate an estimated balance of £1,006.00).

This estimate is for illustrative purposes only and do not take into account individual circumstances.

Assumptions taken for above calculations;

  • No change in the amount (no deposits, no withdrawals)
  • No change to the variable interest rate
  • Interest paid annually


You must;

  • be aged 18 or over and resident in the UK

Minimum/Maximum Balance:

  • The minimum interest earning balance is £500
  • The maximum interest earning balance is £200,000

How to open the account:

To apply for any of our Online Easy Access Account, simply download the Applications Form, fill it out, and return it to Central Operations, 391-393 Straftford Road, Birmingham, B11 4JZ . Alternatively, you can contact our call centre on 0121 753 6000 for more information.

How to manage the account:

The account can only be managed through UBL Net Banking.


Unlimited number of withdrawals allowed subject to the daily Online Banking withdrawals limits (£10,000).

One free withdrawal is allowed each calendar month. A £1.00 charge for each subsequent withdrawal within the same calendar month will be applied.

This account can be held in single or joint names.

If you wish to close the Online Easy Access Account, we will close your Account on receipt of the instructions and repay all of the money you invested along with accrued interest. You will not be charged for this transaction even if you have used the free transaction you are entitled to for that calendar month.

Interest will be paid using the Gross Rate and tax will not be deducted where your interest is exempt.

Gross rate means we won’t deduct tax from the interest we pay on money in your account. It’s your responsibility to pay any tax you may owe to HM Revenue & Customs (HMRC).

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will include an AER, it makes it easier for you to compare what return you can expect from your savings over time.

Applications and downloads

To apply for any of our Online Easy Access Account, simply download the relevant form from this page, fill it out, and return it to Central Operations, 391-393 Straftford Road, Birmingham, B11 4JZ . Alternatively, you can contact our call centre on 0121 753 6000 for more information.

Please select the links below for our Product Specific and General Terms and Conditions:

Savings Accounts Terms and Conditions
Personal Banking General Terms and Conditions


To help you in your product selection, you may find the following definitions useful:

  • Gross interest: the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
  • AER (Annual Equivalent Rate): the AER illustrates what the true rate of interest would be if interest was paid and compounded each year. Please note that the actual interest rate, based on the interest payment frequency you chose, will be different than the AER advertised. If interest is paid more frequently to your account, the actual rate applied would be lower.