Original ubank products

Self-Managed Super Funds

Our SMSFs are no longer available for new customers

Account features

What's in it for you

  • No ubank fees

    We don’t erode your retirement savings with unnecessary fees.

    Be sure to check with your auditor about the fees that they may charge you. ubank charges auditors a fee for audit related information requests made online.

  • Rate lock
    Security

    All deposits up to $250,000 per person (limit applies to total funds deposited with NAB and ubank) are covered under the Financial Claims Scheme (FCS). ubank is backed by NAB, one of Australia’s most established banks.

  • Talk with a real person

    Get help from a friendly member of our Australian-based team

Interest rates

USaver SMSF and SMSF Term deposits rates

USaver SMSF interest rates
ProductMaximum interest rateStandard variable rate
USaver SMSF
0.30% p.a.
0.10% p.a.

Some rates displayed may include promotional/bonus rates.

SMSF Term Deposits: Our 2, 5, 7, 8, 10 and 11-month term rates are for our Green Term Deposits. With our Green Term Deposits, your savings will be matched to a portfolio of renewable energy projects like wind and solar energy and low carbon buildings.

Compare our accounts

Compare our USaver SMSF and Term Deposit SMSF

Compare our USaver SMSF and Term Deposit SMSF
USaver SMSF
SMSF Term Deposit
Description
Delivers a high interest rate – calculated daily, paid monthly and easy access to funds for SMSF investment
Enjoy a great interest rate and the choice from 1 to 12-month term.
Fees
Nil
Nil
Features
Flexibility to transfer funds to any eligible Australian bank account
Security of a fixed high interest rate
Eligibility
From 8 August 2020, you can no longer open a new SMSF account with ubank. Don't worry, if you're a customer with existing SMSF accounts you can still operate and transact on these accounts as normal.
SMSF accounts are no longer available for new customers. Don't worry, if you're a customer with existing SMSF accounts you can still operate and transact on these accounts as normal.
Self-managed super fund Term Deposit customers that opened the account before 8 August 2020 can roll over the Term Deposit at maturity.
Investment
No minimum amount and a maximum of $5 million per customer
A minimum of $1,000 to deposit (up to a maximum of $2 million) per account
Bonus conditions
Earn bonus interest in the months you don’t make any withdrawals from your account
Rollover 100% or more of your initial Term Deposit
Bonus rate
0.20% p.a. above the current standard variable rate
0.10% p.a.
Interest rate
0.10% p.a.
1 month 0.05% p.a.
2 months 0.10% p.a.
3 months 0.35% p.a.
4 months 0.30% p.a.
5 months 0.30% p.a.
6 months 0.35% p.a.
7 months 0.25% p.a.
8 months 0.25% p.a.
9 months 0.25% p.a.
10 months 0.25% p.a.
11 months 0.25% p.a.
12 months 0.15% p.a. (interest paid monthly)
12 months 0.25% p.a. (interest paid at maturity)

Our 2, 5, 7, 8, 10 and 11-month term rates are for our Green Term Deposits. With our Green Term Deposits, your savings will be matched to a portfolio of renewable energy projects like wind and solar energy and low carbon buildings.
Security
Secure savings – ubank is backed by NAB, one of Australia’s most established banks
Secure savings – ubank is backed by NAB, one of Australia’s most established banks

FAQs

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