The UBL UK Online Easy Access Account helps you save for the future whilst still having instant access to your savings when needed. 

Depositors can make unlimited withdrawals and deposits up to the maximum interest-earning balance. 

The Account is available as a Sole or Joint Account. The minimum interest-earning balance requirement is £500, and the maximum interest-earning balance is £200,000.

Good for

  • Regular, everyday savings when you may need to add or withdraw funds
  • Managing your savings online or on a mobile device

Not good if

  • You wish to use the branch counters to manage your Account

Please read the summary below before applying

  • What is the interest rate?

    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.

  • Can UBL UK change the interest rate?


    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.


  • What would the estimated balance be at the end of 12 months based on £1,000 deposit?

    Based on a deposit of £1,000 at the annual Gross rate advertised, it would generate an estimated;

    Online Easy Access Account

    Assumptions taken for the above calculations;

    • No change in the amount (no deposits, no withdrawals)
    • No change to the variable interest rate
    • Interest paid annually

    This estimate is for illustrative purposes only and do not take into account individual circumstances.


  • How do I open and manage my account


    You must:

    • Be aged 18 or over and resident in the UK
    • Have a UK bank account to fund the Account and receive withdrawals

    Minimum/Maximum Balance:

    • The minimum interest earning balance is £500
    • The maximum interest earning balance is £200,000

    How to open the Account:

    You may 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. This may take up to 15 Working Days to process, forms can be returned in the following ways:

    • In branch: Visit our branch Monday to Friday between 9:30am and 4pm
    • In writing: By post, sending instructions to: FREEPOST: RUEE-STYR-XYKE, UBL UK, 2 Brook Street, London W1S 1BQ (all written instructions must be countersigned and dated by all named Account holders)

    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

    How we protect your deposits

    Interest Rate Sheet

    Personal Banking Schedule of Charges

    How to manage the account:

    • Mobile: search 'UBL UK Mobile Banking' in your app store to download the app
    • Internet: once you have an account, you can visit to manage your account

    Internet and mobile banking can be used to view your balances, set up payees, view statements and make withdrawals, along with a host of other useful features. If you choose a physical application route, you will need your account number and the answers to your security questions to register.

  • Can I withdraw money?


    You may make an unlimited number of withdrawals subject to the daily Online Banking withdrawals limits (£10,000).

  • Additional Information

    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 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.

How to apply

By post

By post

Postal applications can take up to 15 days to be processed.



UBL UK, 2 Brook Street,

London W1S 1BQ

In branch

In branch

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.