The UBL UK Online Easy Access Account helps you save for the future whilst still having instant access to your savings when you need it. The Account offers a more competitive interest rate than our ACE Current Account in return for using our online banking portal NetBanking to manage the Account.

Depositors can make unlimited deposits up to the maximum interest earning balance, and make one free withdrawal per calendar month. Each additional withdrawal in a calendar month incurs a £1 fee.

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 saving when you may need to add or withdraw funds
  • Managing your savings online

Not good if

  • You do not wish to be charged for making more than one withdrawal per calendar month
  • 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 23.03.2021 shown below:

    New Customers From 23.03.21 Existing Customers Until 31.05.21 Existing Customers From 31.05.21
    0.35% AER/Gross p.a 0.45% AER/Gross p.a 0.35% AER/Gross p.s

    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.

    Two months' notice will be given for all variable interest rate changes

  • 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;

    New Customers From 23.03.21 and All Customers From 31.05.21 Existing Customers Until 31.05.21 
    £1,003.50 £1,004.50

    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.


    Rates correct at 23.03.21

  • 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:

    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:

    • 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)

    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:

    Personal Banking Specific Terms and Conditions
    Personal Banking General Terms and Conditions

    How to manage the account:

    • Online: The account can only be managed by UBL UK NetBanking
  • Can I withdraw money?


    One free withdrawal is allowed per calendar month, with each subsequent withdrawal incurring a £1.00 charge. 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.

    If you wish to close the Online Easy Access Account, we will close your Account on receipt of the instructions and repay all of the money you invested along with accrued interest. You will not be charged for this transaction even if you have used the free transaction you are entitled to for that calendar month.

    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

Freepost: RSSA-GJRS-KBCT, 
UBL UK Central Operations, 
391-393 Stratford Rd, 
Birmingham B11 4JZ

In branch

In branch

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.