Fixed Rate Cash ISA

It is a fixed rate as shown in the table below:-

Rates correct as at 15.10.2019

You can choose to have your interest paid monthly (for 2, 3, and 5 year terms), quarterly (for 3, and 5 year terms), annually (for 2, 3, and 5 year terms), or for all deposits (1, 2, 3 and 5 year terms) on the maturity of the deposit. Please refer to Interest Rate Sheet for Gross Rates on different interest payment options.

Interest is calculated daily and credited monthly, quarterly, annually, or at maturity of the deposit depending on your selection. This selection cannot be amended once the selection is confirmed.

Interest will be paid out to an account nominated by you at the time of account opening. This account must be in your name.

Interest is not added to your principal amount at the selected frequency unless you have selected interest payment at maturity.

UBL UK does not compound interest.

No. This account has a fixed rate of interest so the rate will not change during the term.

Below is an example of what the future balance might me after interest has been paid.

Assumptions taken for the above calculations:

• Calculations based on a minimum deposit of £2,000
• No change in the amount (no deposits, no withdrawals)
• No change to the interest rate during the fixed term
• Interest payment on maturity assumed

These projections are provided for illustrative purposes only and does not take into account individual circumstances

Eligibility:

You must;

• Be aged 18 or over and resident in the UK for tax purposes
• Only open this account in your sole name
• Hold a valid National Insurance Number

Minimum/Maximum Balance:

• The minimum balance is £2,000
• ISAs have an annual limit for the Tax Year 2019/2020 of £20,000 for new money, and you cannot pay more than this limit into any combination of permitted ISAs within the same Tax Year
• You can only add new money into one Cash ISA in a Tax Year
• You can also transfer your existing ISA to us

How to open the Account:

Download the Application Form and complete and return it:

• In branch: Visit any of our branches Monday to Friday between 9:30am and 4pm
• In writing: By post, sending instructions to: FREEPOST: RSSA-GJRS-KBCT, UBL UK Central Operations, 391-393 Stratford Rd, Birmingham B11 4JZ (all written instructions must be countersigned and dated by all named Account holders)

If you wish to transfer in from an existing ISA provide, please use the ISA Transfer In Form and return it with your application.

How to manage the Account:

• Online: If you are registered for UBL UK NetBanking (Account operations are limited to viewing only)
• In writing: By post, sending instructions to: FREEPOST: RSSA-GJRS-KBCT, UBL UK Central Operations, 391-393 Stratford Rd, Birmingham B11 4JZ (all written instructions must be countersigned and dated by all named Account holders)
• Telephone: You can contact our Customer Services Team Monday to Friday from 9:15am to 5:15pm for support

Only early withdrawal (and no partial withdrawal) is allowed before the full term expires.

Early withdrawal charges are as follows:

The Early Withdrawal Charge will be deducted from interest that has accrued on your Account. If interest has already been paid out to your nominated account, then the Early Withdrawal Charge will be deducted from your deposit with us.

The total of the interest paid and deposit you receive back from us will be no less than your deposit at the Fixed Rate Cash ISA start date.

This account can only be held in a sole name.

Transfer-ins and Transfer-outs are allowed.

There is a 14 day cooling off period for all Fixed Rate Cash ISAs. If you decide to cancel within14 days of funding the Account, UBL UK will not deduct Early Withdrawal Charges, but you will not be entitled to interest payments for the number of days the deposit has been held with UBL UK. If you cancel within the 14 day cooling off period, you will not lose your Cash ISA subscription allowance for the tax year and you may open a Cash ISA with any other ISA Manager.

Gross rate means that UBL UK will not deduct tax from the interest we pay on money in your Account. It is your responsibility to pay any tax you may owe to HM Revenue & Customs (HMRC) or other tax jurisdiction.

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. UBL UK does not compound interest.

Before you apply for this Account, please ensure that you read:

• Fixed Rate Cash ISA Fact Sheet
• Personal Banking Schedule of Charges
• Personal Banking General Terms and Conditions
• Personal Banking Specific Terms and Conditions

All of the above form part of our agreement with you, to assess whether or not this product is suitable for you.