Your savings AND the environment are important to us. Which is why we’ve created the world’s first consumer Green Term Deposit certified by the Climate Bonds Initiative (CBI).

What’s a Green Term Deposit?

We’re paving the way for greener banking options. Designed to give customers the opportunity to have a positive impact on the environment, UBank’s Green Term Deposits are matched to a portfolio of renewable energy projects.

“Australians are becoming increasingly aware of their ecological footprint and demanding more choice into how their investments impact it.”

Lee Hatton, UBank CEO

Green Term Deposits will support projects such as wind and solar power, and low carbon transport and buildings, giving your investment the power to help make a difference.

“It’s the first CBI certified product of its kind in the retail space globally, and another example of how our innovative team is redefining banking for our customers,”

Lee Hatton, UBank CEO

A future investment

With up to 74% of Australians considering themselves eco-friendly, and 55% of millennials actively looking to incorporate more eco-actions into their everyday lives, we’re working to do our part to help you do yours. Which is why we believe going green shouldn’t come with a big price tag.

“We’re hoping to dispel the myth that sustainable products provide a less than desirable financial outcome,”

said Hatton.

With our Green Term Deposits, what you see is what you get. And, what you get is a competitive rate, zero ongoing fees, a loyalty bonus, and the confidence of knowing your investment is only supporting renewable energy projects.

How does it work?

Our Green Term Deposits offer a fixed return on your investment. There are two Green Term Deposit options – personal and SMSF. Once you’ve selected the Term Deposit that best suits your needs, you can choose a term length for your funds ($1,000 minimum). With options of 2, 5, 7, 8, 10, or 11-months, there’s a term length for everyone. And if you roll that term over you’ll unlock a 0.10% p.a. loyalty bonus.*

*To qualify for the loyalty bonus, don’t make any early withdrawals and roll over the entire amount or add additional funds.

Putting U first

As Australia’s leading digital bank, we’re committed to finding new ways to make banking simpler, better, smarter for our customers. Green Term Deposits are just another way we’re supporting our customers (and Mother Nature).

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.