The interest rates set out below are subject to change. We update the website regularly so please ensure you have the latest rates.

Fixed Deposit Interest Rates

Fixed Period Gross rate % Gross AER % Net rate % Net AER %
UTB 3 Month Bond Current 1.00 1.00 0.80 0.80
Interest paid on maturity Previous (-) (-) (-) (-)
UTB 6 Month Bond Current 1.50 1.51 1.20 1.21
Interest paid on maturity Previous 1.00 1.00 0.80 0.80
UTB 1 Year Bond Current 1.90 1.90 1.52 1.52
Interest paid on maturity Previous 1.75 1.75 1.40 1.40
UTB 18 Month Bond Current 2.00 2.00 1.60 1.60
Interest paid anually Previous (-) (-) (-) (-)
UTB 2 Year Bond Current 2.00 2.00 1.60 1.60
Interest paid annually Previous 1.75 1.75 1.40 1.40
UTB 3 Year Bond Current 2.15 2.15 1.72 1.72
Interest paid annually Previous 2.40 2.40 1.92 1.92
UTB 5 Year Bond Current 2.30 2.30 1.84 1.84
Interest paid annually Previous 2.50 2.50 2.00 2.00

Notice Accounts

Notice Period Gross rate % Gross AER % Net rate % Net AER %
UTB 100d – Notice Account Current 1.10 1.10 0.88 0.88
Interest paid annually 31st October Previous (-) (-) (-) (-)
UTB 200d – Notice Account Current 1.25 1.25 1.00 1.00
Interest paid annually 31st October Previous (-) (-) (-) (-)

Key Product Information

Summary Box
Tax Status Basic Rate tax will normally be deducted at source from interest credited to the accounts of private individuals who are residents of the United Kingdom. If the account holder(s) is a UK resident and qualifies to receive interest Gross, then a form R85 is required. If the account holder(s) is a non-UK resident, then a form R105 is required.
Withdrawal Arrangements For Fixed Term Bonds Principal and interest may be withdrawn on Maturity only. Interest on the 18 Month, 2, 3 & 5 Year Bonds may be withdrawn annually on application date.
Withdrawal Arrangements For Notice Deposits UTB 100d – 100 days notice required.
UTB 200d – 200 days notice required.
Access All accounts are accessible by Post or in Branch. Enquiries can be dealt with on the phone, but all withdrawal instructions must be received in writing.
Other information
Gross Rate Interest is payable gross i.e. without deduction of tax at the basic rate to eligible and to non tax-paying depositors (subject to certification).
AER (Annual Equivalent Rate) AER illustrates what the interest would be if interest was paid and compounded once each year.
Net Rate The rate payable after deduction of basic rate tax (which may be reclaimed by non tax-payers).
Last Rate Change Effective date 17th June 2015.
Terms & Conditions Subject to terms and conditions and offers can be withdrawn at any time.
Contact Details Tel: 020 7190 5599
Email: deposits@utbank.co.uk
Website: www.utbank.co.uk
Address: One Ropemaker Street, London, EC2Y 9AW
Regulating Bodies Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Protecting your money

We are covered by the Financial Services Compensation Scheme (FSCS).

If you want to find out more about the protection the Financial Services Compensation Scheme offers you download their guide here or visit www.fscs.org.uk.

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