Easy Access Account

Easy Access Account

4.18% AER/Gross p.a

Interest is calculated daily and paid annually into your Easy Access 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.

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

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 does not take into account individual circumstances.

You must:

• Be aged 18 or over and resident in the UK
• Be a resident in the UK for tax purposes
• Hold another bank account with a bank or financial institution in the UK in your own name

• Online and Mobile Banking: UBL UK offers Online and Mobile Banking, which allows you to view your account balance, view your account statements, deposit or withdraw up to £10,000 per day and contact the Bank via secure message.

You can register for Online Banking by visiting digitalbanking.ubluk.com and clicking ‘register’. Your username will be your registered email address. 

You can also register for Mobile Banking by downloading our Mobile Banking App. Search 'UBL UK Mobile Banking' in your app store and follow the registration instructions.

• Branch: Visit our London branch, Monday to Friday between 9:30am and 4:00pm (Excluding Bank Holidays) and our staff will be happy to help with you queries.

Please note that you will not be able visit the Branch to withdraw money from your Online Easy Access Account.

• Post: You can send us a letter with your queries to: FREEPOST: RUEE-STYR-XYKE, UBL UK, 2 Brook Street, London W1S 1BQ.

Please note that you will not be able to provide written instructions to withdraw money from your Easy Access Account.

Yes, you may make an unlimited number of withdrawals subject to the daily Online Banking withdrawal limit of £10,000.

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.

UBL UK Easy Access Accounts can be held in a single name or in joint names.

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