Our Fixed Term Deposit (FTD) Accounts offer an alternative way of saving a lump sum for a fixed date in the future. You benefit from a higher interest rate by locking your money away for a fixed period of time.
UBL UK offers deposit terms from 1 Month to 7 Years for GBP denominated accounts, and terms from 1 Month to 1 Year for USD denominated Accounts. All UBL UK Savings Accounts are protected by the Financial Services Compensation Scheme (FSCS). Deposits of up to £85,000, per eligible person, per UK-authorised bank, building society or credit union, or £170,000 for joint accounts, are protected under FSCS. For more information regarding FSCS, please visit https://www.fscs.org.uk.
Now you can open your account via the Internet or Mobile Banking - Search 'UBL UK Mobile Banking' in your App store or visit digitalbanking.ubluk.com and select 'Register'.
UBL UK offers a number of Fixed Term Deposit Accounts in GBP and USD denominations. Details of the interest rates, minimum and maximum deposit amounts and term lengths can be found below:
GBP Fixed Term Deposits |
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|
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Term |
Interest Rate (AER) |
Minimum Deposit |
Maximum Deposit |
Term 1 Month |
0.05% |
£2,000 |
£1m |
Term 3 Month |
0.10% |
£2,000 |
£1m |
Term 6 Month |
0.15% |
£2,000 |
£1m |
Term 1 Year |
4.00% |
£2,000 |
£1m |
Term 2 Year |
4.00% |
£2,000 |
£1m |
Term 3 Year |
3.90% |
£2,000 |
£1m |
Term 4 Year |
3.75% |
£2,000 |
£1m |
Term 5 Year |
3.75% |
£2,000 |
£1m |
Term 7 Year |
3.50% |
£2,000 |
£1m |
USD Fixed Term Deposits |
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|
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Term |
Interest Rate (AER) |
Minimum Deposit |
Maximum Deposit |
Term 1 Month |
0.75% |
$25,000 |
$1m |
Term 3 Month |
1.00% |
$25,000 |
$1m |
Term 6 Month |
1.50% |
$25,000 |
$1m |
Term 1 Year |
2.00% |
$25,000 |
$1m |
Rates correct as at 25.04.2023
For deposits larger than the Maximum Deposit amount, please contact a member of the Customer Services Team on +44 (0) 121 753 6000 Monday to Friday from 9:15am to 5:15pm.
IMPORTANT NOTICE: UBL UK does not compound interest and interest is not added to your principal amount on any selected interest payment frequency. If you have selected interest payment at maturity, at the end of your term you will have the choice to reinvest your principal and any accrued interest into a new term, or have the interest paid into your nominated account.
No.
This Account has a fixed rate of interest for the term you select and the rate will not change during this fixed period.
Below is an example of what the future balance might be after any accrued interest has been paid at the prevailing rate.
GBP Fixed Term Deposits |
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Term |
Min. Deposit |
Interest Rate (AER) |
Balance at the end of term |
Term 1 Month |
£2,000 |
0.05% |
£2,000.08 |
Term 3 Month |
£2,000 |
0.10% |
£2,000.54 |
Term 6 Month |
£2,000 |
0.15% |
£2,001.50 |
Term 1 Year |
£2,000 |
4.00% |
£2,052.20 |
Term 2 Year |
£2,000 |
4.00% |
£2,163.20 |
Term 3 Year |
£2,000 |
3.90% |
£2,243.24 |
Term 4 Year |
£2,000 |
3.75% |
£2,317.30 |
Term 5 Year |
£2,000 |
3.75% |
£2,404.20 |
Term 7 Year |
£2,000 |
3.50% |
£2,544.56 |
USD Fixed Term Deposits |
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Term |
Min. Deposit |
Interest Rate (AER) |
Balance at the end of term |
Term 1 Month |
$2,000 |
0.75% |
$2,001.25 |
Term 3 Month |
$2,000 |
1.00% |
$2,005.00 |
Term 6 Month |
$2,000 |
1.50% |
$2,015.00 |
Term 1 Year |
$2,000 |
2.00% |
$2,040.00 |
UBL UK has used the following assumptions to produce the above calculations;
These projections are provided for illustrative purposes only and do not take into account individual circumstances.
You must;
Minimum/Maximum Balance:
The fastest way to apply for UBL UK Fixed Term Deposits is using your computer or mobile device with our fully digital application process, simply visit digitalbanking.ubluk.com or search 'UBL UK Mobile Banking' in your app store, direct links can be found below;
You may also complete the Application Form, and then return it along with verified copies of your Photo ID and either a Bank Statement or Utility Bill as Proof of Address dated within the last 3 months. However this may take up to 15 Working Days to process, forms can be returned in the following ways:
Please make sure that you select the links below and read and understand the Personal Banking Terms and Conditions where you will find full details of the Account, before you apply:
Personal Banking Terms and Conditions
Personal Banking Schedule of Charges
Funding your Account
NB: You will have 10 working days to fund your Account, deposits after this period will be subject to the prevailing advertised Interest Rate.
What is a Funding Account?
A Funding Account is a non-interest bearing transit account that we use to help you set up your Fixed Term Deposit. You should only transfer up to the committed amount into the Funding Account. Any additional funds will remain in the Funding Account, but you will not be able to move them through internet or mobile banking and will need to contact us by phone. If you make multiple deposits to fund your account, we will sweep them into your Fixed Term Deposit once you have reached the minimum funding amount of £2,000.
Managing your Account
You can contact our Customer Services Team on 0121 753 6000 Monday to Friday between 9:15am and 5:15pm for more information.
Withdrawals are not permitted before the maturity date.
Early withdrawal (including partial withdrawal) is allowed only at the Bank's discretion and under extenuating circumstances.
To help you in your product selection, you may find the following definitions useful:
The fastest way to apply is online, visit digitalbanking.ubluk.com and select 'Register' then follow the on screen instructions.
You can also apply through our mobile app, search 'UBL UK Mobile Banking' in your app store or select the links below.
Complete your form and bring it to the London branch or send it via post. Postal applications can take up to 15 days to be processed.
Freepost: RSSA-GJRS-KBCT,
RUEE-STYR-XYKE,
UBL UK, 2 Brook Street,
London W1S 1BQ