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

    Plan for the future and enjoy a high return on your investment.

    Choose a term that suits you
    No monthly account or application fees
    Guaranteed rate of return

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


Features and benefits

Our term deposits have a lot going for them.

No fees

We don’t erode your savings with unnecessary fees – in fact, UBank term deposits have no fees whatsoever.

Loyalty Bonus

When your term deposit matures, roll over your full deposit amount (or more) for another term and receive a Loyalty Bonus of 0.10% p.a. on top of the current standard interest rate.


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.


The choice of a 1, 3, 4, 6, 9 or 12-month term for deposits from $1,000 - $2 million.


With our quick and easy account opening process, you’ll be enjoying the certainty of a competitive interest rate in no time.

Loyalty bonus

We appreciate our customers sticking with us, so when your term deposit finishes, roll over your full deposit (or more) into another term and receive a Loyalty Bonus of 0.10% p.a. above the current standard interest rate.



Enter your initial investment to see what you could earn



See how our rates stack up against our competitors

Institution1 month3 months4 months6 months9 months12 monthsLoyalty Bonus
UBank - Standard rate1.90%2.60%2.61%2.71%2.71%2.71%Y
UBank - with Loyalty Bonus2.00%2.70%2.71%2.81%2.81%2.81%Y
Commonwealth Bank1.90%2.05%1.90%1.90%1.90%2.25%n/a
ING DIRECT-2.60%2.00%2.70%2.40%2.80%n/a
Macquarie Bank1.60%2.45%2.40%2.50%2.50%2.50%n/a
St.George Bank1.50%2.20%2.00%2.30%2.00%2.60%n/a
Suncorp Bank1.55%2.00%1.90%2.25%2.30%2.45%n/a

UBank's 12-month rate is for a Term Deposit with interest paid at maturity. The standard interest rate for our 12-month Term Deposit with interest paid monthly is 2.61% p.a.

Information accurate as at 29 March 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.

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


Terms & conditions


What happens at maturity?

Once your UBank Term Deposit matures, you have two options.


Rollover your full initial deposit (or more) for another term and be rewarded with the Loyalty Bonus for the new term. You can rollover only part of your initial deposit for another term at the advertised rate, but the Loyalty Bonus does not apply.


Transfer your deposit at maturity to a chosen bank account and close your Term Deposit with us.



Here’s what our customers have to say.

Easiest banking service I’ve ever used! Surf2015

Easy application process. Everything re my account can be managed online/chat/phone. Staff are understanding and knowledgeable (so far). Online chat is convenient. Never have any problems with UBank. Great rates.

Higher interest rates Macca

I picked this product because of the higher interest rates on Term Deposits and importantly the Loyalty Bonus, it was also so easy to join online.

Simple to register Wal27

Easy to complete application, excellent rates and loyalty bonus.