UBL UK savings rates — compare every account, plus switch offers and guides

Who they are

UBL UK was formed in 2001 from the merger of the UK branches of two Pakistani banks - United Bank Limited and National Bank of Pakistan, who had been operating in the UK since the mid-1960s. The legal entity behind the brand is United National Bank Limited, with UBL UK and United Bank UK both being trading names of the same firm. It is a UK-registered and capitalised bank, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. More recently, in July 2024, UBL sold its entire stake in the subsidiary to Bestway Group for US$32.6 million, so the bank now sits within the Bestway Group.

FSCS protection - and a shared licence to note

UBL UK is a member of the Financial Services Compensation Scheme (FSCS). However, there is an important nuance here for savers. United National Bank Limited also trades under the names United Bank UK and UBL UK, which means all eligible deposits with one or more of these trading names are in total covered up to £120,000. In plain terms, if you already hold savings under the United Bank UK name, that balance counts toward the same £120,000 limit - so it is worth keeping track of how much you have across both brands combined.

Is it right for you?

We do not currently have any UBL UK savings products listed on DepositScout, so we cannot compare their rates against the wider market right now. The bank offers services including wholesale banking, treasury and money transmission, and finance facilities for businesses of all sizes, alongside personal savings accounts. It has historically been a specialist choice for fixed-rate savers, particularly those looking for Cash ISAs.

As always, the live rates and product details shown on this page are the most up-to-date picture - worth checking back as new products are listed.