Personal Sterling Savings Accounts

Secure, instant-access savings

This product is no longer available for new applications. However, we do still accept applications for Business Sterling Savings Accounts.

If you’re an existing Personal Sterling Savings Account customer, the features, benefits, terms and conditions of your original account still apply. You can also still access our range of savings products and services, including:

For existing account holders the Personal Sterling Savings Account guarantees flexibility and competitive rates. It gives you instant access to your funds with no restrictions on the number of deposits or withdrawals you make (up to a maximum balance of £1,000,000). Which means you can draw upon your funds as and when you need them, or make regular savings as you plan and prepare free future.

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 - Personal Sterling Savings Account:

Account Name: Personal Sterling Savings Account

It is a variable rate, with the rate as at 03 September 2018 shown below:

Up to £9,999 0.20%
£10,000 - £49,999 0.25%
£50,000 - £99,999 0.25%
£100,000 - £499,999 0.25%
Over £499,999 0.25%

Interest is calculated daily and credited twice a year in June and December into your Sterling Savings 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 £40,000 will generate an estimated balance of £40,095.00

Interest in this Account is paid on incremental balances. This means that a balance of £40,000 will attract an interest of 0.20% on the first £9,999 and 0.25% on the remaining £30,001.

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 withdrawal)
  • No change to the variable interest rates
  • Interest paid annually


This product is no longer available for new applications

Minimum/Maximum Balance:

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

How to open the account:

This product is no longer available for new applications

How to manage the account:

Yes, there are no limitations on withdrawals.

This account can be held in single or joint names.

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 UBL Personal Sterling Savings Account, 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 at 0121 753 6000.

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.