Skip to Content

Features

Please note, we no longer offer new SMSF accounts. Don't worry, if you're a customer with existing SMSF accounts you can still operate and transact on these accounts as normal.

No UBank fees

We don’t erode your retirement savings with unnecessary fees.

Be sure to check with your auditor about the fees that they may charge you. UBank charges auditors a fee for audit related information requests made online.

Security

All deposits up to $250,000 per person (limit applies to total funds deposited with NAB and UBank) are covered under the Financial Claims Scheme (FCS). UBank is backed by NAB, one of Australia’s most established banks.

Compare

USaver SMSF

SMSF Term Deposit

Description

Delivers a high interest rate – calculated daily, paid monthly and easy access to funds for SMSF investment

Enjoy a great interest rate and the choice from 1 to 12-month term.

Fees

Nil

Nil

Features

Flexibility to transfer funds to any eligible Australian bank account

Security of a fixed high interest rate

Eligibility

From 8 August 2020, you can no longer open a new SMSF account with UBank. Don't worry, if you're a customer with existing SMSF accounts you can still operate and transact on these accounts as normal.

From 8 August 2020, you can no longer open a new SMSF account with UBank. Don't worry, if you're a customer with existing SMSF accounts you can still operate and transact on these accounts as normal.

Self-managed super fund Term Deposit customers that opened the account before 8 August 2020 can roll over the Term Deposit at maturity.

Investment

No minimum amount and a maximum of $5 million per customer

A minimum of $1,000 to deposit (up to a maximum of $2 million) per account

Bonus conditions

Earn bonus interest in the months you don’t make any withdrawals from your account

Rollover 100% or more of your initial Term Deposit

Bonus rate

0.20% p.a. above the current standard variable rate

0.10% p.a. Loyalty Bonus above the current rate

Interest rate

Base Variable Rate 0.10% p.a.

1 month 0.05% p.a.
2 months 0.10% p.a.
3 months 0.35% p.a.
4 months 0.30% p.a.
5 months 0.30% p.a.
6 months 0.35% p.a.
7 months 0.25% p.a.
8 months 0.25% p.a.
9 months 0.25% p.a.
10 months 0.25% p.a.
11 months 0.25% p.a.
12 months 0.25% p.a.

Security

Secure savings – UBank is backed by NAB, one of Australia’s most established banks

Secure savings – UBank is backed by NAB, one of Australia’s most established banks

SMSF Term Deposit terms & conditions

With our Green Term Deposit, your savings will be matched to a portfolio of renewable energy projects like wind and solar energy and low carbon buildings.

Calculators

Find out how much you could save for retirement with UBank’s DIY Super accounts.

Rates

See our competitive rates

  • Institution1
    month P.A.
    3
    months P.A.
    4
    months P.A.
    6
    months P.A.
    9
    months P.A.
    12
    months P.A.
    U BANKstandard rate 0.05%0.35%0.30%0.35%0.25%0.25%
    U BANKwith Loyalty Bonus0.15%0.45%0.40%0.45%0.35%0.35%

    UBank's 12-month rate is for a SMSF TD with interest paid at maturity. The standard interest rate for our 12-month SMSF TD with interest paid monthly is 0.15% p.a.

    Note: Some rates displayed may include promotional/bonus rates.

     

  • InstitutionProductMaximum interest rate p.a.Standard Variable rate p.a.
    U BANKUSaver SMSF0.30%0.10%

    Note: Some rates displayed may include promotional/bonus rates.