What interest rate does the Union Bank of India (UK) Ltd 18 Month Union Premier Bond pay?

The Union Bank of India (UK) Ltd 18 Month Union Premier Bond pays 5.12% AER, fixed for 18 months.

How much interest could I earn?

Saving £10,000 for 18 months would earn about £778 at 5.12% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £1,000 and up to £480,000.

Can I withdraw my money?

No. Your money is locked in until the fixed term ends, so only put in what you won't need before then.

When is interest paid?

Interest is paid at the end of the term.

Who can open this account?

New and existing Union Bank of India (UK) Ltd customers can open it. You can open it online.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other 18-month fixed rate bonds?

At 5.12% AER it ranks 1st of 16 18-month fixed rate bonds we track. The best pays 5.12% and the average is 4.63%.

Dashboard

Fixed Rate

Union Bank of India (UK) Ltd 18 Month Union Premier Bond Review

A top-paying 18-month fixed rate bond from Union Bank of India (UK) Ltd, with a £1,000 minimum deposit. None of the other 15 18-month fixed rate bonds we track pays more.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 18 months

5.12%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

£480,000

Access

At maturity only

Interest paid

On Maturity

How It Stacks Up

Ranks 1st of 16

18-month fixed bonds we track

Top rate

This account 5.12%

UK CPI (Aug 2026): 3.10%; Pays 2.02% more
Average 18-month fixed: 4.63%; Pays 0.49% more
Best 18-month fixed: 5.12%; About the same

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare fixed bonds

A Good Fit For

Pro: New and existing savers

Worth Weighing Up

Con: Your money is locked in for 18 months
Con: You need at least £1,000 to open it

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Estimated returns with Union Bank of India (UK) Ltd's Fixed Rate

What you could earn with Union Bank of India (UK) Ltd's 18 Month Union Premier Bond.

Estimated interest

£1,000 saved

£77.77

At 5.12% AER

£5,000 saved

£389

At 5.12% AER

£10,000 saved

£778

At 5.12% AER

£480,000 saved

£37,332

At 5.12% AER

Estimated over the 18-month term, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Union Bank of India (UK) Ltd 18 Month Union Premier Bond

Jan WatermannCo-Founder, DepositScout

Union Bank of India (UK)'s 18 Month Union Premier Bond pays 5.12%, which sits above the market average for fixed-rate accounts across all terms, though it falls 0.23% short of the best rate in that category at 5.35%. That said, 5.12% is 2.02% ahead of CPI inflation at 3.1%, so your money does grow in real terms. The account suits savers with between £1,000 and £480,000 who can commit fully for 18 months, as there is no access until maturity and interest is only paid at the end.

Compare Fixed Rate Bonds