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Union Bank UK PLC

Union Bank UK PLC

Claim up to £50 for opening your first savings account (terms apply) ›
0.67
%
AER
1 year | GBP
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  • FSCS protects deposits up to £85,000 per person

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0.67 % AER
1 year

About Union Bank UK PLC

Since 1983, Union Bank UK plc has operated from the heart of London. Fully authorised by the UK regulator in October 2004 as an independently incorporated UK bank, Union Bank UK plc provides a comprehensive range of banking services, including trade finance, personal banking, business banking, treasury services, commercial lending and private banking.

Union Bank UK plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority and subscribe to the Financial Services Compensation Scheme.

Bank details

Headquarters: London
Year established: 1983

Security and deposit guarantee

Deposits are eligible for protection by the Financial Services Compensation Scheme (FSCS) http://www.fscs.org.uk/. The FSCS is the United Kingdom’s statutory deposit guarantee scheme that covers deposits in individual savings accounts up to £85,000, per banking group regulated by the Financial Conduct Authority or the Prudential Regulation Authority. It is available for deposits with most UK high-street and online banks and means if the bank fails, and deposits become unavailable, the scheme may cover your deposit account deposit up to the £85,000 per person, per banking group limit.

Compensation limits are per person per firm, not per deposit. Be aware that if you have other deposits with this bank (or banking group) then the £85,000 protection applies only to eligible deposits up to this limit.

Timescales for the return of your money can vary between different banks and banking groups. This bank holds funds under a trust model. Funds held under a trust model can take up to three months to be returned, but in most cases will be returned sooner than this.’ and vice versa.

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At Raisin UK, we have one mission; to help you save time and make money. In Europe, Raisin has already helped over 150,000 consumers get competitive rates on their savings and now we're shaking up the UK savings market.

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By registering for a Raisin UK Account, you'll only ever need to fill in one application form to enjoy simple one-click funding on a range of savings products from our partner banks.