The UBL UK Online Easy Access Account allows you to earn interest on your savings whilst having instant access to your money as and when you need it.
Depositors can make unlimited withdrawals (subject to the daily Online Banking withdrawal limit of £10,000) and unlimited deposits up to the maximum interest-earning balance.
The minimum interest earning balance requirement is £500 and the maximum interest earning balance is £200,000.
The Account is available as a sole or Joint Account.
It is a variable rate, with the rate as at 11.07.2023 shown below:
Online Easy Access Account |
4.18% AER/Gross p.a |
Interest is calculated daily and paid annually into your Online Easy Access Account.
Yes.
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.
Based on a deposit of £1,000 at the annual Gross rate advertised, it would generate an estimated;
Deposit Amount |
Interest Rate (AER) |
Balance After 12 Months |
£1,000.00 |
4.18% |
£1041.80 |
Assumptions taken for the above calculations;
This estimate is for illustrative purposes only and do not take into account individual circumstances.
You must:
You can open an Easy Online Access Account through the Branch or via postal application.
- Original documents of your valid photo ID and proof of address dated within the last 3 months or;
- Certified copies of your valid Photo ID and Proof of Address dated within the last 3 months.
Please make sure that read and understand the below documentation before you apply:
Personal Banking Terms and Conditions
Personal Banking Schedule of Charges
You can register for Online Banking by visiting digitalbanking.ubluk.com and clicking ‘register’. Your username will be your registered email address.
You can also register for Mobile Banking by downloading our Mobile Banking App. Search 'UBL UK Mobile Banking' in your app store and follow the registration instructions.
Please note that you will not be able visit the Branch to withdraw money from your Online Easy Access Account.
Please note that you will not be able to provide written instructions to withdraw money from your Online Easy Access Account.
Yes.
You may make an unlimited number of withdrawals subject to the daily Online Banking withdrawal limit of £10,000.
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 is your responsibility to pay any tax you may owe to HM Revenue & Customs (HMRC) or the relevant Tax Authority.
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 Online Easy Access Accounts can be help in a single name or in joint names.
Postal applications can take up to 15 days to be processed.
FREEPOST:
RUEE-STYR-XYKE,
UBL UK, 2 Brook Street,
London W1S 1BQ
Pop into our London 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.