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Features and benefits

Our term deposits have a lot going for them.

No fees

$0 no fees

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

 

Loyalty bonus

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.

 

Security

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.

 

Flexibility

Flexibility

The choice of a 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 or 12-month term for deposits from $1,000 - $2 million.

 

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.

Calculator

Enter your initial investment to see what you could earn

Rates

See how our personal rates stack up against our competitors

  • TERM DURATION INTEREST RATES WITH LOYALTY BONUS*
    1 month0.15% p.a0.25% p.a
    2 months 0.20% p.a0.30% p.a
    3 months0.45% p.a0.55% p.a
    4 months0.40% p.a0.50% p.a
    5 months 0.40% p.a0.50% p.a
    6 months0.45% p.a0.55% p.a
    7 months 0.35% p.a0.45% p.a
    8 months 0.35% p.a0.45% p.a
    9 months0.35% p.a0.45% p.a
    10 months 0.35% p.a0.45% p.a
    11 months 0.35% p.a0.45% p.a
    12 months 0.35% p.a0.45% p.a

    * 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.

     

     When you invest funds in a UBank Green Term Deposit, NAB will hold at least an equal amount in a pool of lending for projects and assets eligible for certification under the Climate Bonds Standard. This includes lending for wind and solar energy, low carbon transport and low carbon buildings. 

    UBank Green Term Deposits are certified by the Climate Bonds Initiative (CBI).

     

    See our FAQs here for more information.

    UBank 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. 

    Institution1
    month    		2
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    months
    U BANKstandard rate0.15%0.20%0.45%0.40%0.40%0.45%0.35%0.35%0.35%0.35%0.35%0.35%
    U BANKwith loyalty bonus0.25%0.30%0.55%0.50%0.50%0.55%0.45%0.45%0.45%0.45%0.45%0.45%
    ANZ------------
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    SHOW MORE SHOW LESS

    UBank's 12-months rate is for a Term Deposit with interest paid at maturity. The standard interest rate for our 12-months Term Deposit with interest paid monthly is 0.25% p.a.

    Information accurate as at 18 September 2021. 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

     

    UBank Term Deposit Terms & Conditions

    What happens at maturity?

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

    Rollover

    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

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

    © UBank is a division of National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686. Terms of use available here. Are you experiencing financial difficulty? See how we can help.

           

        


    ^Things you should know

    Any advice on this webpage has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice on this webpage, you should consider whether it is appropriate for your circumstances. We recommend that you read and consider the Terms and Conditions for Transaction Accounts, the Terms and Conditions for Savings Accounts and our Financial Services Guide before making any decision. Our transaction and savings products are issued by UBank.


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