2 Year Fixed Term Deposit - Union Bank of India (UK) Ltd

2 Year Fixed Term Deposit

Union Bank of India (UK) Ltd
2.05 % AER
Headline Interest Rate
For 24 months
Compensation Scheme
£ 1,000 min initial deposit
£ 1,000,000 max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 2.05 % AER
Headline Interest Balance: £ 1,000
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 1,000
Date account was introduced: 20 Nov 2017

This account may be appropriate for you if

  • You are happy not withdrawing funds before the end of the term
  • You are over 18 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus

Account access

Open account byManage account by
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: maturity
Minimum Balance: £ 1,000
Maximum Balance: £ 1,000,000
Statement Frequency: annually
Additional Deposits: Not allowed
Standing Orders: Not allowed
Account Certificate: Account Certificate available.


Withdrawal Conditions: No withdrawals or closure permitted during the term of the account.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: No withdrawals permitted during the term of the account.
Transferred on Maturity: Customers will be able to nominate at the time of opening what they want to happen to the account on maturity.


Trustee Types: Account may be opened in trust.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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