The information contained in this article is of a general nature only. It doesn’t take account of any person’s objectives, financial situation or needs. Before acting on this information, you should consider whether it is appropriate for your circumstances and seek independent legal, financial, and taxation advice.
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Green Term Deposits: what you need to know
It’s not just KeepCups and going plastic-free that can help you think green – it could even factor into your savings plan. With our Green Term Deposits, you could give your savings and the low carbon economy a boost.
More than just a colorful name
If you’re looking for a low-risk, dependable, and easy-to-use savings option, a Green Term Deposit could be the right choice to help you hit your savings goals.
Green Term Deposits have all the good parts of our standard Term Deposit – great rate, fixed return, and a competitive loyalty bonus – while also being environmentally conscious. Certified by the Climate Bonds Initiative, you can invest with confidence knowing your savings are matched to a portfolio of renewable energy projects like wind and solar energy and low carbon buildings.
The ins and outs
Your savings are important, which is why our Green Term Deposits are secure, have no fees, and offer a variety of terms to suit your needs. When you apply, you can choose a personal Green Term Deposit with a 2, 5, 7, 8, 10, or 11-month term length for your funds. Once you’ve chosen your term type and length, all you have to do is deposit a minimum of $1,000 (maximum $2,000,000) and your savings will start earning interest.
Show me the money
Say you pop $5,000 in our 10-month Green Term Deposit today, with our competitive interest rates, your savings can grow untouched and earn you $110 in interest. If you decide to then roll your savings over for another 10 months (well done!), you could unlock an extra 0.10% p.a.* with our loyalty bonus. You could even add more funds to your Green Term Deposit when rolling over, taking your savings to the next level.
Pro tip: Want to know how much interest your savings could earn? Use our handy calculator to find out.
*To qualify for the loyalty bonus, don’t make any early withdrawals and roll over the entire amount or add additional funds.
We believe in simpler, better, smarter banking choices, and our Green Term Deposits are just another way we’re committed to that. Save for a greener future and give your savings and the environment the TLC they deserve!
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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