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  • Term Deposit
    up to 2.55% 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. 6-month Personal Term Deposit (excluding Loyalty Bonus). General info

01

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

$0 no fees

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, 3, 4, 6, 9 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.

02

Calculator

Enter your initial investment to see what you could earn

03

Rates

See how our personal rates stack up against our competitors

  • TERM DURATION INTEREST RATES WITH LOYALTY BONUS*
    1 month1.90% p.a2.00% p.a
    2 months 2.10% p.a2.20% p.a
    3 months2.50% p.a2.60% p.a
    4 months2.50% p.a2.60% p.a
    5 months 2.50% p.a2.60% p.a
    6 months2.55% p.a2.65% p.a
    7 months 2.55% p.a2.65% p.a
    8 months 2.55% p.a2.65% p.a
    9 months2.55% p.a2.65% p.a
    10 months 2.55% p.a2.65% p.a
    11 months 2.55% p.a2.65% p.a
    12 months 2.55% p.a2.65% 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).

     

    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
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    8
    months
    9
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    10
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    12
    months
    U BANKstandard rate1.90%2.10%2.50%2.50%2.50%2.55%2.55%2.55%2.55%2.55%2.55%2.55%
    U BANKwith loyalty bonus2.00%2.20%2.60%2.60%2.60%2.65%2.65%2.65%2.65%2.65%2.65%2.65%
    ING--2.00%2.55%-2.00%2.70%-2.65%-2.00%2.75%
    Bankwest1.50%1.50%2.25%2.50%1.50%2.40%1.50%1.50%1.50%1.50%1.50%2.30%
    Commonwealth Bank1.50%1.55%2.00%1.65%2.40%2.05%1.70%1.70%1.70%1.70%1.70%2.10%
    HSBC1.55%1.65%2.10%1.65%1.65%2.05%1.65%2.40%1.65%1.65%1.65%1.95%
    Westpac1.50%1.65%2.00%1.75%1.75%2.05%1.75%1.75%1.80%1.80%1.80%2.20%
    CUA1.50%1.70%2.10%2.55%2.55%2.60%2.30%2.40%2.70%2.30%2.60%2.70%
    St.George Bank1.50%1.70%2.00%1.85%1.85%2.10%1.90%1.90%1.90%1.90%1.90%2.40%
    ANZ1.50%1.75%2.00%2.25%2.00%2.10%2.00%2.45%2.00%2.00%2.00%2.30%
    NAB1.50%1.75%2.00%2.00%2.00%2.05%2.05%2.05%2.45%2.20%2.20%2.40%
    Macquarie Bank1.75%2.00%2.45%2.45%-2.45%--2.45%--2.50%
    Suncorp Bank1.40%2.00%2.25%2.15%2.15%2.40%2.30%2.30%2.30%2.10%2.10%2.40%
    ME2.00%2.40%2.60%2.60%2.60%2.70%2.75%2.70%2.70%2.75%2.70%2.75%

    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 2.54% p.a.

    Information accurate as at 18 April 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

     

    UBank Term Deposit 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.

    Mozo Experts Choice 2019

    Mozo Experts Choice 2019

    Savings Bank of the Year
    Short Term Deposits

    Canstar Awards 2019

    Canstar Bank of The Year

    Savings - 4 years running (2015 - 2018)

    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.