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  • Term Deposit
    up to 2.64% 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

01

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.

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.

Convenience

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.

02

Calculator

Enter your initial investment to see what you could earn

03

Rates

See how our rates stack up against our competitors

  • Institution1
    month
    3
    months
    4
    months
    6
    months
    9
    months
    12
    months
    U BANKstandard rate1.90%2.60%2.55%2.64%2.66%2.64%
    U BANKwith loyalty bonus2.00%2.70%2.65%2.74%2.76%2.74%
    ANZ1.70%2.05%2.00%2.10%2.70%2.40%
    Bankwest1.50%1.50%2.35%1.50%1.50%2.55%
    Commonwealth Bank1.50%2.00%1.75%1.75%1.80%2.20%
    CUA1.50%2.10%2.40%2.50%2.30%2.50%
    HSBC1.55%2.00%1.65%2.05%1.65%1.95%
    ING-2.00%2.30%2.50%2.55%2.60%
    Macquarie Bank1.60%2.15%2.10%2.20%2.15%2.35%
    ME2.00%2.50%2.55%2.65%2.75%2.80%
    NAB1.50%2.10%2.00%2.10%2.00%2.40%
    St.George Bank1.50%2.10%1.85%2.20%1.90%2.55%
    Suncorp Bank1.55%2.20%2.10%2.25%2.30%2.35%
    Westpac1.50%2.05%1.85%2.10%1.90%2.35%

    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 25 August 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

04

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.

05

Reviews

Here’s what our customers have to say.

Easiest banking service I’ve ever used! Surf2015
01/03

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
02/03

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
03/03

Easy to complete application, excellent rates and loyalty bonus.