Our Fixed Term Deposit (FTD) Accounts offer an alternative way of saving a lump sum for a fixed date in the future, and may often provide a better rate of interest than a standard Online Easy Access Savings Account. You benefit from a higher rate of interest in return for locking your money away for a fixed period.
UBL UK offer 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 come with the added peace of mind of Financial Services Compensation Scheme (FSCS) protection of £85,000 for eligible depositors.
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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|
|
Term |
Interest Rate (AER) |
Minimum Deposit |
Maximum Deposit |
Term 1 Month |
Interest Rate (AER) 0.05% |
£2,000 |
£1m
|
Term 3 Month |
Interest Rate (AER) 0.10% |
£2,000 |
£1m |
Term 6 Month |
Interest Rate (AER) 0.15% |
£2,000 |
£1m |
Term 1 Year |
Interest Rate (AER) 0.60% |
£2,000 |
£1m |
Term 2 Year |
Interest Rate (AER) 2.00% |
£2,000 |
£1m |
Term 3 Year |
Interest Rate (AER) 2.20% |
£2,000 |
£1m |
Term 5 Year |
Interest Rate (AER) 2.36% |
£2,000 |
£1m |
Term 7 Year |
Interest Rate (AER) 1.95% |
£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 |
Interest Rate (AER) 1.30% |
$25,000 |
$1m |
Term 3 Month |
Interest Rate (AER) 1.55% |
$25,000 |
$1m |
Term 6 Month |
Interest Rate (AER) 2.10% |
$25,000 |
$1m |
Term 1 Year |
Interest Rate (AER) 2.35% |
$25,000 |
$1m |
Rates correct as at 18.11.2019
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 |
Min. Deposit £2,000 |
Interest Rate (AER) 0.05% |
Balance at the end of term £2,000.08 |
Term 3 Month |
Min. Deposit £2,000 |
Interest Rate (AER) 0.10% |
Balance at the end of term £2,000.54 |
Term 6 Month |
Min. Deposit £2,000 |
Interest Rate (AER) 0.15% |
Balance at the end of term £2,001.50 |
Term 1 Year |
Min. Deposit £2,000 |
Interest Rate (AER) 0.60% |
Balance at the end of term £2,015.00 |
Term 2 Year |
Min. Deposit £2,000 |
Interest Rate (AER) 2.00% |
Balance at the end of term £2,080.00 |
Term 3 Year |
Min. Deposit £2,000 |
Interest Rate (AER) 2.20% |
Balance at the end of term £2,132.00 |
Term 5 Year |
Min. Deposit £2,000 |
Interest Rate (AER) 2.36% |
Balance at the end of term £2,236.00 |
Term 7 Year |
Min. Deposit £2,000 |
Interest Rate (AER) 1.95% |
Balance at the end of term £2,289.80 |
USD Fixed Term Deposits |
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Term |
Min. Deposit |
Interest Rate (AER) |
Balance at the end of term |
Term 1 Month |
Min. Deposit £2,000 |
Interest Rate (AER) 1.30% |
Balance at the end of term £2,002.14 |
Term 3 Month |
Min. Deposit £2,000 |
Interest Rate (AER) 1.50% |
Balance at the end of term £2,007.64 |
Term 6 Month |
Min. Deposit £2,000 |
Interest Rate (AER) 1.75% |
Balance at the end of term £2,020.71 |
Term 1 Year |
Min. Deposit £2,000 |
Interest Rate (AER) 2.00% |
Balance at the end of term £2,047.00 |
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.
Rates correct at 18.11.2019
You must;
Minimum/Maximum Balance:
In order to apply for the Account, you will need to Download the Application Form, complete 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 in the following ways:
You can contact our Customer Services Team on 0121 753 6000 Monday to Friday between 9:15am and 5:15pm for more information.
Please make sure that you select the links below and read and understand the Personal Banking Specific and Personal Banking General Terms and Conditions where you will find full details of the Account, before you apply:
Fixed Term Deposit section of the Personal Banking Specific Terms and Conditions
Personal Banking General Terms and Conditions
Early withdrawal (including partial withdrawal) is allowed only at the Bank's discretion and under extenuating circumstances. If an early withdrawal (including partial withdrawal) is allowed before the full term expires, you will face an Early Withdrawal Charge in accordance with the Account Terms and Conditions. Details of the charges for each term are detailed below:
Term of Deposit |
Early Withdrawal Charges |
1 month |
15 days gross interest |
3 month |
30 days gross interest |
6 month |
30 days gross interest |
1 Year |
90 days gross interest |
2 Year |
180 days gross interest |
3 Year |
270 days gross interest |
5 Year |
365 days gross interest |
7 Year |
730 days gross interest |
The Early Withdrawal Charge will be deducted from any interest that has been 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 original deposit at the Fixed Term Deposit start date.
To help you in your product selection, you may find the following definitions useful:
For renewals in November 2019 of existing 2 and 3 Year Fixed Term Deposits (prior to 18.11.19), a Bonus Interest Rate will be applied for roll-overs that meet qualifying criteria. All customers qualifying for the bonus rate will receive notification in writing of their eligibility.
Bonus Interest Rate For Qualifying Customers
Term and Interest Frequency | Gross Interest | AER |
2 Year Monthly |
1.98% |
2.00% |
2 Year Annual |
2.00% |
2.00% |
2 Year Maturity |
2.02% |
2.00% |
3 Year Monthly |
2.18% |
2.20% |
3 year Annual |
2.20% |
2.20% |
3 Year Maturity |
2.25% |
2.20% |
What would the balance be at the end of the term based on the minimum deposit amount.
Term |
Min. Deposit |
Interest Rate (AER) |
Balance at the End of the Term |
2 Years |
£2,000 |
2.00% |
£2,080 |
3 Years |
£2,000 |
2.20% |
£2,132 |
Assumptions taken for the above calculations:
These projections are provided for illustrative purposes only and does not take into account individual circumstances
*Terms and conditions apply:
Freepost: RSSA-GJRS-KBCT,
UBL UK Central Operations,
391-393 Stratford Rd,
Birmingham B11 4JZ
Pop into any UBL branch and our staff will be happy to help. In busier periods when staff may not be immediately available, we’ll be happy to book an appointment for a later date.
The sites managed by UBL UK are as follows: www.ubluk.com, www.netbanking.ubluk.com and www.ubluknetremit.com. You should see these URL's and the lock symbol in your browser header.
The Branch Network and Customer Service Centre will be closing earlier than usual on Friday 20th December 2019, from 12pm. If you have any queries relating to this early closure, please feel free to come in and talk to a member of our UBL UK team who will be more than happy to help you.
For details about our festive opening hours, please visit: https://www.ubluk.com/service-announcements/.
UBL UK