NEW APPLICATIONS FOR PERSONAL AND BUSINESS 35 AND 90 DAY NOTICE ACCOUNTS ARE CLOSED FROM 15.12.20
Our Personal Notice Accounts offer a better interest rate than our Personal Sterling Savings Account for those savers able to offer the required notice in order to access their savings.
Start saving from just £1 and make unlimited deposits up to a total of £1,000,000. UBL UK offers a 35 Day or 90 Day Personal Notice Account and withdrawals are free provided the required notice is given. Charges will apply for withdrawals without the required notice being provided. Start saving from just £1 and make unlimited deposits up to a total of £1,000,000.
NB: interest rates applicable to new and existing Notice Accounts will be reducing from 25.01.2021
It is a variable interest rate, with the rate as at 15.12.2020 shown below:
PERSONAL NOTICE ACCOUNTS |
|
ACCOUNT TYPE |
INTEREST RATE (AER) |
35 Day Notice |
1.00% (0.75% from 25.01.2021) |
90 Day Notice |
1.00% (0.75% from 25.01.2021) |
Interest is calculated daily and credited twice a year in June and December in your Notice 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.
A two months' notice period will be given for all variable interest rate changes.
Below is an example of what the future balance may be after interest has been paid.
PERSONAL NOTICE ACCOUNT |
|||
ACCOUNT TYPE |
DEPOSIT |
INTEREST RATE (AER) |
BALANCE AFTER 12 MONTHS |
35 Day Notice |
£1,000 |
1.00% (0.75% from 25.01.2021) |
£1,010.00 (£1,007.50 from 25.01.2021) |
90 Day Notice |
£1,000 |
1.00% (0.75% from 25.01.2021) |
£1,010.00 (£1,007.50 from 25.01.2021) |
Assumptions taken for the above calculations:
This estimate is for illustrative purposes only and does not take into account individual circumstances.
You must be;
Download the Application Form and complete and return it:
Withdrawals can be made by giving the required notice.
PERSONAL NOTICE ACCOUNTS |
|
ACCOUNT TYPE |
EARLY WITHDRAWAL CHARGE |
35 Day Notice |
35 days’ gross interest |
90 Day Notice |
90 days’ gross interest |
If the interest earned on your Notice Account is insufficient then the Early Withdrawal Charge will be deducted from your deposit and accrued interest, which may take your balance below the minimum interest earning balance.
The Early Withdrawal Charge will not be applied in the event of the death of an Account Holder (or one of them in case of a Joint Account).
This account can be held in single or joint names.
There is a 14 day cooling off period for all Personal Notice Accounts. If you decide to cancel within the 14 days we will not deduct Early Withdrawal Charges, but you will not be entitled to interest for the number of days your deposit has been with us.
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 any applicable 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.
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.
CUSTOMER NOTICE
New applications for Business and Personal 35 & 90 Day Notice Accounts are closed from 15.12.20