Interest rates

Notice Period

Gross rate %

Gross AER %

Net rate %

Net AER %

40 Days
Interest paid annually

Current
Previous

1.50
(1.70)

1.50
(1.70)

1.20
(1.36)

1.20
(1.36)

50 Days (over 50's)
Interest paid annually

Current
Previous

2.05
(2.25)

2.05
(2.25)

1.64
(1.80)

1.64
(1.80)

3 Months
Interest paid annually

Current
Previous

1.55
(1.75)

1.55
(1.75)

1.24
(1.40)

1.24
(1.40)

6 Months
Interest paid annually

Current
Previous

1.75
(1.55)

1.75
(1.55)

1.40
(1.24)

1.40
(1.24)

90 Days
Interest paid quarterly

Current
Previous

1.55

(1.75)

1.56

(1.76)

1.24
(1.40)

1.25
(1.41)

180 Days
Interest paid half yearly

Current
Previous

1.75
(1.55)

1.76
(1.56)

1.40
(1.24)

1.41
(1.25)

Term

Gross rate %

Gross AER %

Net rate %

Net AER %

3 Months
Interest paid on maturity

Current
Previous

1.55
(1.75)

1.56
(1.76)

1.24
(1.40)

1.25
(1.41)

6 Months
Interest paid on maturity

Current
Previous

1.75
(1.95)

1.76
(1.96)

1.40
(1.56)

1.41
(1.47)

1 Year
Interest paid on maturity

Current
Previous

2.50
(2.85)

2.50
(2.85)

2.00
(2.28)

2.00
(2.28)

2 Year
Interest paid annually

Current
Previous

2.85
(3.15)

2.85
(3.15)

2.28
(2.52)

2.28
(2.52)

3 Year
Interest paid annually

Current
Previous

3.40

(3.70)

3.40

(3.70)

2.72
(2.96)

2.72
(2.96)

5 Year
Interest paid annually

Current
Previous

3.65
(3.95)

3.65
(3.95)

2.92
(3.16)

2.92
(3.16)

Term

Gross rate %

Gross AER %

Net rate %

Net AER %

1 year fixed
Interest paid at maturity

Current
Previous

2.50

(2.85)

2.50

(2.85)

2.50

(2.85)

2.50

(2.85)

3 year fixed
Interest paid annually

Current
Previous

3.40

(3.70)

3.40

(3.70)

3.40

(3.70)

3.40

(3.70)

5 year fixed
Interest paid annually

Current

Previous

3.65

(3.95)

3.65

(3.95)

3.65

(3.95)

3.65

(3.95)

Summary Box
Key Product Information for our Notice Savings Accounts

Account
name

Interest rate
(AERs)

Tax
status

Withdrawal arrangements

40 Day Notice

As listed above

See below

40 day's notice required

50 Day Notice (over 50's)

As listed above

See below

50 day's notice required

3 Month Notice

As listed above

See below

One penalty free withdrawal without notice is allowed per 12 months period of up to 15% of the balance of the account. However, a minimum balance of £500 must still be maintained. Withdrawals in excess of 15% require three months’ notice.

6 Month Notice

As listed above

See below

6 Month's notice required

90 Day Notice

As listed above

See below

90 day's notice required

180 Day Notice

As listed above

See below

180 day's notice required

Summary Box
Key Product Information for our Fixed Savings Accounts

Account
name

Interest rate
(AERs)

Tax
status

Withdrawal arrangements

Access

3 Month Fixed

As listed above *The 2 and 3 Year Base Rate Tracker fixed deposit accounts guarantee to pay 0.55% over the Bank of England Base Rate and will change with changes in the Bank of England Base Rate. All changes to the Bank of England Base Rate will be actioned within 14 days.

See below

Principal and Interest may be withdrawn on Maturity only. Interest on the 2 ,3 & 5 Year Fixed and the 3 and 5 year ISA accounts may be withdrawn annually on application date.

See below

6 Month Fixed

1 Year Fixed

2 Year Fixed

3 Year Fixed

5 Year Fixed

2 Year Tracker

3 Year Tracker

1 Year Fixed Cash ISA

3 Year Fixed Cash ISA

5 Year Fixed Cash ISA

Other information

Gross Rate

Interest is payable gross (i.e. without deduction of tax at the lower 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 lower rate tax (which may be reclaimed by non tax-payers).

Last Rate Change

Rates were last changed 24th November 2011.

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.

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.

Terms & Conditions

Subject to terms and conditions and offers can be withdrawn at any time.

For further information, please contact

Tel: 020 7190 5599
Email: deposits@utbank.co.uk

Website: www.utbank.co.uk

Address: 80 Haymarket, London, SW1Y 4TE

Regulating Bodies

Authorised and regulated by the Financial Services Authority.