Backed by NAB, no fees & easy online application. Get a 0.10% p.a. Loyalty Bonus when you rollover 100% of your term deposit. The UBank Term Deposit is a great way to save, giving the customer great interest rates on shorter term investments with loads of security, features and bonuses.

Our Review

The UBank Term Deposit Account offers serious competition for any other Term Deposit account with terms between 1 and 12 months. Packed with features, this account will give you great fixed interest rates, no fees, a government guarantee on deposits up to $1,000,000 and even a 0.10% p.a loyalty bonus when you rollover and reinvest 100% of your term deposit at the end of your term.

Is This the Account for Me?

This account is perfect for people looking to earn some good interest. All you need is $1,000 or more (up to $2,000,000) to invest that you don’t need access to for between 1–12 months. You set the terms and reap the rewards. With the fixed rates of term deposit accounts you don’t need to worry about what’s happening in the money markets. Whatever rate you sign up for is what you’ll get for the term of your account. So if you’re looking for security and some good interest earning power in the shorter term, this account is a catch.

The Advantages of This Account

The interest rate of the UBank Term Deposit account is the main attraction with a high interest rate on the 12 month term. The shorter term rates are also competitive. Again, if you rollover 100% of your term deposit you earn 0.10% p.a Loyalty Bonus interest on top of that. You can even earn instant interest with the Turbo Deposit account opening process so it’s powerfully packed for maximum earning for you.

You can also set it up as a self managed super fund, there are no fees, you’re covered up to $1,000,000 by the Federal Government Guarantee, you can speak to a real person any time 24/7 and you have the choice of 1, 2, 3, 6, 9 or 12 month terms to cater well to your shorter term needs. This is a great short-term saving option.

Eligibility

If you can answer ‘yes’ to the following, you are eligible and ready to go. Do you have $1,000 or more to invest? Do you have an account with any Australian bank? Are you 18 or over? Do you have an Australian residential address? Are you an Australian resident for tax purposes? Do you have an email address and mobile phone number?

How Do I Open a UBank Term Deposit?

To open a Ubank Term Deposit, you can click on the apply button to go to the secure online application.