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21-06-2024
Exchange Rate
GBP/INR 103.60 less than £250 104.95 £250 to £1999 105.05 £2000 to £4999 105.10 £5000 to £9999
USD/INR 82.86 Up to $2000
21-06-2024Exchange Rate
GBP/INR 103.60 less than £250
104.95 £250 to £1999 105.05 £2000 to £4999 105.10 £5000 to £9999
USD/INR 82.86 Up to $2000
We are making changes to our schedule of service charges and tariffs for Business and Individual accounts effective 01 April 2024. The new tariff will contain updates to account maintenance fees, transaction charges for deposits, withdrawals, and transfers, as well as changes to fees for other services. Please click on this link for more details : Union Bank of India (UK) LTD > Service Charges
Home>Personal Banking>Interest Rates

Interest Rates

 
Interest rate (GBP)
 
Interest rate (USD)
 
Duration
£1000 to £1000000
Details
$5000 to $1000000
Details
Duration
1 Year
Interest rate (GBP)
% p.a Gross
5.15 % p.a Gross
Interest rate (GBP)
Details
Summary Box
Interest rate (USD)
% p.a Gross
4.80 % p.a Gross
Interest rate (USD)
Details
Summary Box
Duration
18 Months
Interest rate (GBP)
% p.a Gross
4.95 % p.a Gross
Interest rate (GBP)
Details
Summary Box
Interest rate (USD)
NIL
Interest rate (USD)
Details
Summary Box
Duration
2 Years
Interest rate (GBP)
% p.a Gross
4.90 % p.a Gross
Interest rate (GBP)
Details
Summary Box
Interest rate (USD)
% p.a Gross
4.70 % p.a Gross
Interest rate (USD)
Details
Summary Box
Duration
3 Years
Interest rate (GBP)
% p.a Gross
4.05 % p.a Gross
Interest rate (GBP)
Details
Summary Box
Interest rate (USD)
% p.a Gross
4.00 % p.a Gross
Interest rate (USD)
Details
Summary Box
Duration
4 Years
Interest rate (GBP)
% p.a Gross
4.00 % p.a Gross
Interest rate (GBP)
Details
Summary Box
Interest rate (USD)
% p.a Gross
4.00 % p.a Gross
Interest rate (USD)
Details
Summary Box
Duration
5 Years
Interest rate (GBP)
% p.a Gross
4.00 % p.a Gross
Interest rate (GBP)
Details
Summary Box
Interest rate (USD)
% p.a Gross
4.00 % p.a Gross
Interest rate (USD)
Details
Summary Box

Above rates are for retail deposits.

(per annum abbreviated as p.a)

Savings
Account
Interest rate (GBP)
Details
Interest rate (USD)
Details
Savings Account
Interest rate (GBP)
1.00 % p.a Gross
Interest rate (GBP)
Details
Summary Box
Interest rate (USD)
1.00 % p.a Gross
Interest rate (USD)
Details
Summary Box

*AER = Annual Equivalent Rate

For fixed deposit schemes for all tenures, interest is calculated as Simple Interest. Above advertised rates is effective from 25th May 2024 and these rates can be changed at any time or withdrawn without notice.

We are pleased to announce 'Union Bank of India - Renewal Bonus'. Existing Retail Term Deposit customer who renew their Deposits will receive a loyalty bonus of 0.10% above the current Interest Rate.

Bank has revised its interest rate offered on Saving Accounts (Easy Access Accounts) in GBP & USD currency from 0.30% to 1.00% w.e.f. 14th July 2023. Please click the below link for details:

COMMUNICATION ON CHANGE IN INTEREST RATE ON SAVINGS ACCOUNT

Interest is variable and we may withdraw the availability of Savings Deposits of GBP and USD at any time without notice.
 

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