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
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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.
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
The choice of a 1, 3, 4, 6, 9 or 12-month term for deposits from $1,000 - $2 million.
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.
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Enter your initial investment to see what you could earn
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Here’s how our personal rates stack up against our competitors
| Institution | 1 month | 3 months | 4 months | 6 months | 9 months | 12 months |
| U BANKstandard rate | 2.10% | 2.70% | 2.70% | 2.75% | 2.75% | 2.75% |
| U BANKwith loyalty bonus | 2.20% | 2.80% | 2.80% | 2.85% | 2.85% | 2.85% |
| ANZ | 1.50% | 2.00% | 2.35% | 2.10% | 2.60% | 2.30% |
| Bankwest | 1.50% | 2.35% | 1.50% | 2.50% | 1.50% | 2.55% |
| Commonwealth Bank | 1.50% | 2.00% | 1.75% | 2.05% | 1.80% | 2.20% |
| CUA | 1.50% | 2.10% | 2.60% | 2.60% | 2.75% | 2.70% |
| HSBC | 1.55% | 2.10% | 1.65% | 2.05% | 1.65% | 1.95% |
| ING | - | 2.00% | 2.55% | 2.00% | 2.65% | 2.85% |
| Macquarie Bank | 2.00% | 2.65% | 2.65% | 2.75% | 2.75% | 2.80% |
| ME | 2.00% | 2.60% | 2.60% | 2.75% | 2.75% | 2.75% |
| NAB | 1.50% | 2.00% | 2.00% | 2.10% | 2.40% | 2.40% |
| St.George Bank | 1.50% | 2.00% | 1.85% | 2.10% | 1.90% | 2.40% |
| Suncorp Bank | 1.40% | 2.20% | 2.40% | 2.35% | 2.30% | 2.55% |
| Westpac | 1.50% | 2.00% | 1.85% | 2.05% | 1.90% | 2.30% |
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 2.54% p.a.
Information accurate as at 21 February 2019. 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
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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.
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Here’s what our customers have to say.
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.
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.
Easy to complete application, excellent rates and loyalty bonus.
UHomeLoan info: Govt charges may apply. The comparison rate is based on a secured loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given & may not include all fees & charges. Different terms, fees or other loan amounts might result in a different comparison rate. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.