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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
    months
    3
    months
    4
    months
    5
    months
    6
    months
    7
    months
    8
    months
    9
    months
    10
    months
    11
    months
    12
    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------------
    Bankwest------------
    Commonwealth Bank------------
    Great Southern Bank------------
    HSBC------------
    ING------------
    Macquarie Bank------------
    ME------------
    NAB------------
    St.George Bank------------
    Suncorp Bank------------
    Westpac------------

    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.