UBL Product Features

UBL Current Accounts

Key Features:
  • Instant Access
  • No minimum balance required
  • Standing orders
  • Overdrafts (charges apply)
  • Free banking for
    • Cheques
    • Direct Debits
How the Product Works:

A current account which helps you manage your day-to-day finances. You can set up direct debits and standing orders from your account.

UBL Savings Accounts

Key Features:
  • No minimum balance required
  • Instant access
  • Tiered interest rates
  • Interest is paid half yearly.
  • Interest can be paid monthly if requested
  • Interest rates are variable.
How the Product Works:

An instant access account which allows you to make cash withdrawals.

UBL Fixed Term Deposits

Key Features:
  • Attractive guaranteed returns
  • Tiered interest rates
  • Choice of 1 month, 2 month, 3 month, 6 month, 1 year, 2 year and 3 year terms
  • Security for your money
  • If you save over £50,000.00 we won’t deduct any tax. However it is your responsibility to declare the interest received. Please note that this depends on the individual circumstances of the customer and may be subject to change in the future.
  • Minimum balance of £2000 applies on all of our fixed term deposit accounts

UBL Notice Accounts

Key Features:
  • Minimum balance of £1 required
How the Product Works:

You can open an account with the minimum balance in Sterling. Your money is completely safe and you know in advance how much you’ll get back at the end of the term. However, please note that our Fixed Term Deposits cannot be cancelled during the term. No withdrawals are allowed before the fixed period ends and your investment matures. The bank may, at its absolute discretion, allow an early withdrawal to be made. A penalty charge will be applied for early withdrawal.

UBL Islamic Products

Key Features:
  • No minimum balance
  • No bank charges provided your account
  • does not go overdrawn
  • No account fees
How the Product Works:

United Bank UK will keep your money in accordance with Shari’ah principles. That is to say UBL will not use any Islamic Account money for any interest based business activity. United Bank UK will use the money to finance its carefully designed diminishing ownership Shari’ah compliant Islamic Mortgage products.