90 Day Business Notice Accounts

                                    Please note: We are not accepting new applications on any Notice Accounts until further notice.

Competitive rates and flexibility

Our Business Notice Accounts offers attractive rates of interest, combined with the flexibility to withdraw your funds by giving the required notice – keeping you in total control of your business finances.

Offering unrestricted numbers of deposits (up to a maximum balance of £1,000,000), our Notice Accounts enable you to grow your business funds in a way that works for you.

The key features and benefits of our Notice Accounts are as follows:

  • Unlimited number of deposits (up to a maximum balance of £1,000,000)
  • 90 days notice required for withdrawals
  • Member of Financial Services Compensation Scheme (FSCS)
  • Charges apply for withdrawals without required notice. Please refer to the Terms and Conditions
  • Interest rates are variable and subject to change
  • Interest is calculated on daily basis and paid out twice a year in June and December

This Information Sheet sets out the key information you need to know about your account. It should be read together with the Notice Account Terms and Conditions and forms part of our agreement with you. Please keep it for future reference. This product is no longer available for new applications.

Summary Box - All 90 Day Notice Accounts (Business Accounts):

Account Name: 90 Day Notice Accounts

It is a variable interest rate, with the rate as at 18 March 2019 shown below:-

1.00% AER/Gross p.a.

Interest is calculated daily and credited twice a year in June and December into your Notice 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.

A deposit of £1,000 at an annual Gross rate of 1.00% would generate an estimated balance of £1,010.00

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 payment twice a year


To be eligable for our Business 90 Day Notice Account, you should:-

  • Require the account for business use
  • Be a Sole Trader, Company or Partnership
  • Be aged 18 or over.

Minimum/Maximum Balance:

  • The minimum interest earning balance is £1
  • The maximum interest earning balance is £1,000,000

How to open the account:

  • New applications for this product are no longer available.

How to manage the account:

  • In Branch
  • Via post
  • UBL Online Banking (account operation limited to viewing only)

Withdrawals can be made by giving 90 days’ notice.

If you wish to withdraw money from your 90 Day Notice Account without giving us the required notice, or before the expiry of the notice period, an Early Withdrawal Charge equivalent to 90 days’ gross interest will be applicable to the amount being withdrawn.

If the interest earned on your Notice Account is insufficient then the Early Withdrawal Charge will be deducted from your deposit and accrued interest, which may take your balance below the minimum interest earning balance.

The Early Withdrawal Charge will not be applied in the event of the death of an Account holder (or one of them in case of a Joint Account).

This account can be held with single or joint signatory.

There is a 14 day cooling off period for the 90 Day Notice Account. If you decide to cancel within the 14 days we will not deduct Early Withdrawal Charges, but you will not be entitled to interest for the number of days your deposit has been with us.

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 Notice Accounts, simply download the relevant form from this page, fill it out, and return it to one of our branches. Alternatively, you can contact our call centre on 0121 753 6000.