Skip to Content
  • SMSF Term Deposit
    up to 2.71% p.a.[01]

    Boost your retirement plans in a big way with UBank’s Self-Managed Super Fund accounts.

    1. 12-month Term Deposit with interest paid at maturity for SMSF (excluding Loyalty Bonus)

01

Features

Why choose a UBank SMSF account?

No fees

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

Easy to use

Our easy online application process means you can enjoy competitive interest rates straight away.

Security

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

02

Compare

Decide which SMSF product is best for you

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 of a 1, 3, 6, 9 or 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

Must be part of a complying Self-Managed Super Fund with no more than two individual trustees or a corporate trustee with a maximum of two directors

Application

Easy online application process

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

0.40% p.a. above the current standard variable rate

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

Interest rate

Base Variable Rate 1.66% p.a.

1 month 1.90% p.a.
3 months 2.60% p.a.
6 months 2.71% p.a.
9 months 2.71% p.a.
12 months 2.71% p.a.

Security

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

03

Get started with an SMSF account

What do I need to apply?

  • You will need a complying Self-Managed Super Fund with no more than two individual trustees or a corporate trustee with a maximum of two directors.
  • Once you apply, you will need to send us a copy of your SMSF documentation to verify your application.

Click below for more information on getting started with:

USaver SMSF

SMSF Term Deposit

04

Calculator

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

05

Rates

See our competitive rates

  • Institution1
    month
    3
    months
    4
    months
    6
    months
    9
    months
    12
    months
    U BANKstandard rate1.90%2.60%2.61%2.71%2.71%2.71%
    U BANKwith Loyalty Bonus2.00%2.70%2.71%2.81%2.81%2.81%
    ANZ1.70%2.05%2.00%2.10%2.20%2.30%
    Bankwest1.50%1.50%2.30%1.50%1.50%2.50%
    Commonwealth Bank1.50%2.00%1.75%1.75%1.80%2.20%
    CUA1.50%2.10%2.40%2.50%2.30%2.60%
    HSBC1.55%2.00%1.65%2.05%1.65%1.95%
    ING DIRECTn/a2.00%2.40%2.60%2.65%2.70%
    Macquarie Bank1.60%2.05%2.10%2.20%2.15%2.30%
    ME2.00%2.50%2.55%2.65%2.75%2.80%
    NAB1.50%2.10%2.00%2.10%2.00%2.40%
    St.George Bank1.50%2.10%1.85%2.20%1.90%2.55%
    Suncorp Bank1.55%2.20%2.10%2.25%2.30%2.35%
    Westpac1.50%2.05%1.85%2.10%1.90%2.35%

    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 2.61% p.a.

    Information accurate as at 25 July 2017. Source: CANSTAR

    Note: Some rates displayed may include promotional/bonus rates. Competitor rates shown are as notified to CANSTAR during the previous business day.

    Rates shown above are the nominal interest rates for amounts of $10,000. Interest is generally calculated daily and payable monthly, however, this may vary from institution to institution. This comparison table may include introductory rates.

    Financial data provided by Canstar Research Pty. Ltd. AFSL and Australian Credit Licence 437917. See Canstar's FSG & Credit Guide

     

  • InstitutionProductMaximum interest rate p.a.Standard Variable rate p.a.
    U BANKUSaver SMSF2.06%1.66%
    ANZBusiness Online Saver1.15%0.50%
    BankwestBusiness Telenet Saver Account1.10%1.10%
    BOQBusiness WebSavings Account2.00%1.25%
    CitiUltimate Business Saver1.65%1.65%
    Commonwealth BankBusiness Online Saver0.60%0.60%
    ING DIRECTBusiness Optimiser2.40%1.50%
    NABBusiness Cash Maximiser0.60%0.60%
    RaboDirectHigh Interest Savings - SMSF2.70%1.90%
    Suncorp BankBusiness Saver Account1.65%1.65%


    Information accurate as at 25 July 2017. Source: CANSTAR

    Note: Some rates displayed may include promotional/bonus rates. Competitor rates shown are as notified to CANSTAR during the previous business day.

    Rates shown above are the nominal interest rates for amounts of $10,000. Interest is generally calculated daily and payable monthly, however, this may vary from institution to institution. This comparison table may include introductory rates.

    Financial data provided by Canstar Research Pty. Ltd. AFSL and Australian Credit Licence 437917. See Canstar's FSG & Credit Guide

06

Reviews

Here’s what our customers have to say.

So easy to set up accounts and transact Hurdey Gurdey
01/03

So easy to set up accounts for both personal accounts and DIY super; all done from the comfort of my desk chair. The interest rate is one of the best around, especially when the bonus rate is added ...

Easy to access, good rate and fluent process Peter62
02/03

We were looking for a competitive rate for a term deposit and when we decided on UBank the process to do it online was very user friendly.

This product is the best in its class Chris8173
03/03

Application was completed quickly and easily. The website is a great SMSF hub. One major improvement would be the iPhone application.