Treasury and Foreign Exchange Services

Union Bank UK plc offers a range of deposit and foreign exchange services in all major marketable currencies to assist in the management of your funds. We are committed to providing a highly personalised service and to building long term relationships with our customers and welcome direct contact with our dealers.

Deposit accounts

The range of interest earning deposit accounts we provide allow for flexibility in investment for any period of time for which the funds are not needed and are available in all major currencies. Funds can be invested in Call deposits and Fixed Term deposits. The interest rates we pay are geared to Money Market rates to ensure that the rates we offer provide an attractive return.

Call deposit accounts are ideal for surplus funds where the period of investment is uncertain but of a short term nature. £ and US$ funds can be withdrawn without notice providing the request is received by 12 noon on the day funds are required whilst other currencies will be at two days value. Interest rates paid are variable under a tiered rate structure.

Fixed Term deposits pay a fixed rate of interest for a fixed period for any maturity date that you require. They are available for any period from overnight to one year or longer if required. Interest rates payable vary according to amount and period of investment. At maturity funds will be automatically re-invested for the original deposit period unless we are instructed otherwise before 12 noon on the deposit maturity date.

There are minimum deposits required for fixed term accounts. We shall be pleased to provide you with details.

Interest is paid at each month end on call deposit accounts and at maturity of fixed term deposits. For fixed term deposits in excess of one year interest is paid on the annual anniversary of the deposit and at maturity.

For further information:

E-mail us at treasury@ubnl.co.uk
OR
Call Treasury Department on +44(0)20 7920 6123 / 6124