We understand life can sometimes come with uncertainties, and your finances are something you really want to be certain of.
That’s why we offer simple products that help you save for the future. When it comes to growing your savings, one of the most dependable products is a term deposit.
Term deposits are a great, low-risk way to grow your money. You nominate your deposit amount (a minimum of $1,000) and the length of time you want to invest for (at UBank it’s a minimum of 1 month). Then, with our competitive interest rates, you’ll see your money grow without having to lift a finger.
Think of it like a piggy bank that pays interest. It’s the ideal way to put money away for a rainy day or to help you save for that bigger dream – be it a house, a holiday, or a Harley Davidson.
Are you the kind of person who has good savings intentions, but ends up dipping into your savings account and turning it into your spendings? You’re not alone. And a term deposit could be a great savings solution for you.
For the term period you set, you don’t touch that money. It’s all about setting some practical rules (your term) around your money, with the reward for your savings efforts being the interest you get paid out at the end.
Where do we start? We offer:
It’s quite simple really. If you’re in a SMSF with some cash to invest, we have a special SMSF Term Deposit account just for you (granted you meet all the eligibility criteria). Otherwise, you should look at a UBank personal Term Deposit.
You can check out our personal Term Deposit rates here and our application form can be done online, so why not apply today? You can also check out our handy interest calculator to see just how much your money can grow.
Whichever one you choose, it’s a smart choice now, that will give you peace of mind for your future.