Start saving from just £1 and make unlimited deposits up to a total of £1,000,000. UBL UK offers 90 Day Personal Notice Account and free withdrawals provided the required notice is given. Charges will apply for withdrawals without the required notice being provided.

Good For:

  • Saving when you do not need immediate access to your money before the end of the notice period
  • Potentially achieving a higher rate of interest in return for providing notice to access your money
  • Potentially achieving a higher rate of interest and wanting to add additional funds to the Account

Not Good If:

  • You may need access to your savings before the end of the notice period
  • You wish to make payments from the Account
  • You do not wish to be charged for accessing your money before the end of the notice period

  • What is the interest rate?

    It is a variable interest rate, with the rate as at 18.03.2024 shown below:

    PERSONAL NOTICE ACCOUNTS

    ACCOUNT TYPE

    INTEREST RATE (AER)

    90 Day Notice

    4.28% 

    Interest is calculated daily and credited twice a year in June and December in your Notice Account.

  • Can UBL UK change the interest rate?

    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.

     

  • What would the estimated balance be at the end of 12 months based on £2,000 deposit?

    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
    90 Day Notice £2,000 4.28% £2,085.60

    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.

  • How do I open and manage my Account

    Eligibility:

    You must be;

    • Aged 18 or over
    • Minimum/Maximum Balance
    • Minimum interest earning balance: £1
    • Maximum interest earning balance: £1,000,000

    How to open the Account:

    Download the Application Form and complete and return it:

    • In branch: Visit our branch Monday to Friday between 9:30 am and 4 pm
    • 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)

    How to manage the Account:

    • Mobile: Search UBL UK Mobile Banking in your app store (account operations are limited to view only, but withdrawal instructions are requested using secure messaging*)
    • Online: If you are registered for UBL UK Internet Banking (Account operations are limited to viewing only*), which can be found at digitalbanking.ubluk.com
    • In branch: Visit our branch Monday to Friday between 9:30 am and 4 pm
    • 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)
    • Telephone: You can contact our Customer Services Team Monday to Friday from 9:15 am to 5:15 pm for support

    *You may issue notice to withdraw by sending a Secure Message through the internet or mobile banking.

  • Can I withdraw money?

    Withdrawals can be made by giving the required notice.

    PERSONAL NOTICE ACCOUNTS

    ACCOUNT TYPE

    EARLY WITHDRAWAL CHARGE

    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).

  • Additional Information

    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.