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, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 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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See how our personal rates stack up against our competitors
| TERM DURATION | INTEREST RATES | WITH LOYALTY BONUS* |
| 1 month | 0.15% p.a | 0.25% p.a |
| 2 months | 0.20% p.a | 0.30% p.a |
| 3 months | 0.40% p.a | 0.50% p.a |
| 4 months | 0.40% p.a | 0.50% p.a |
| 5 months | 0.40% p.a | 0.50% p.a |
| 6 months | 0.40% p.a | 0.50% p.a |
| 7 months | 0.40% p.a | 0.50% p.a |
| 8 months | 0.40% p.a | 0.50% p.a |
| 9 months | 0.40% p.a | 0.50% p.a |
| 10 months | 0.45% p.a | 0.55% p.a |
| 11 months | 0.45% p.a | 0.55% p.a |
| 12 months | 0.45% p.a | 0.55% 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.
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.
| Institution | 1 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 rate | 0.15% | 0.20% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.45% | 0.45% | 0.45% |
| U BANKwith loyalty bonus | 0.25% | 0.30% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.55% | 0.55% | 0.55% |
| ING | - | - | 0.05% | 0.07% | - | 0.07% | 0.10% | - | 0.20% | - | 0.22% | 0.25% |
| ANZ | 0.05% | 0.05% | 0.10% | 0.10% | 0.10% | 0.20% | 0.20% | 0.20% | 0.25% | 0.25% | 0.25% | 0.30% |
| Commonwealth Bank | 0.05% | 0.05% | 0.08% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.15% | 0.15% | 0.15% | 0.35% |
| Macquarie Bank | 0.05% | 0.05% | 0.40% | 0.40% | - | 0.45% | - | - | 0.50% | - | - | 0.50% |
| NAB | 0.05% | 0.05% | 0.10% | 0.10% | 0.10% | 0.20% | 0.20% | 0.20% | 0.30% | 0.30% | 0.30% | 0.30% |
| St.George Bank | 0.05% | 0.05% | 0.10% | 0.10% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.25% | 0.25% | 0.25% |
| Westpac | 0.05% | 0.05% | 0.10% | 0.10% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.25% | 0.25% | 0.25% |
| Suncorp Bank | 0.06% | 0.09% | 0.45% | 0.25% | 0.25% | 0.50% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.45% |
| HSBC | 0.05% | 0.10% | 0.20% | 0.15% | 0.15% | 0.20% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.40% |
| CUA | 0.10% | 0.15% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.65% |
| Bankwest | 0.05% | 0.20% | 0.35% | 0.35% | 0.35% | 0.55% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.55% |
| ME | 0.20% | 0.20% | 0.65% | 0.65% | 0.65% | 0.65% | 0.70% | 0.70% | 0.75% | 0.75% | 0.75% | 0.80% |
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 0.35% p.a.
Information accurate as at 1 March 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
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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.
Mozo Experts Choice 2019
Savings Bank of the Year
Short Term Deposits
Canstar Bank of The Year
Savings - 5 years running (2015 - 2019)
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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: Credit is provided by AFSH Nominees Pty Ltd Australian Credit Licence 391192. UBank is the mortgage manager for UHomeLoan products. 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 applies only to the example or examples given. Different amounts and terms will result in different Comparison rates. 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.
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