Personal Notice Accounts

It is a variable interest rate, with the rate as at 15.10.2019 shown below:

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.

Assumptions taken for the above calculations:

• No change in the amount (no deposits, no withdrawals)
• No change to the variable interest rate
• Interest payment twice a year

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

Eligibility:

You must be;

• Aged 18 or over
  
• Minimum/Maximum Balance
  
• The minimum interest earning balance is £1
  
• The maximum interest earning balance is £1,000,000

How to open the Account:

Download the Application Form and complete and return it:

• 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)

How to manage the Account:

• Online: If you are registered for UBL UK NetBanking (Account operations are limited to viewing only)
• 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)
• Telephone: You can contact our Customer Services Team Monday to Friday from 9:15am to 5:15pm for support

Withdrawals can be made by giving the required notice.

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.