UBank Long-Term Deposit ($10000 to $2000000)
Click the green tabs to expand the sections. To close a section, just click the green tab again.
UBankUBank is a new direct bank which is backed by NAB, one of Australia’s big four banks. UBank launched in 2008 with a competitive term deposit product, which customers can apply for and manage online. As a direct bank, UBank doesn’t have a branch network but it does have a 24-hour, seven day a week ‘person to person’ phone banking centre for those wanting to speak to a real person. Cost savings are passed onto customers in the form of higher rates and lower fees. Watch this space for new UBank products and services launching in 2009! |
 |
|
|---|---|---|
Customer ratingsclick to open
| UBank Long-Term Deposit ($10000 to $2000000) | ||
| Overall Customer Rating | 8.4BASED ON 22 REVIEWS |
|
| Price Rating | 9.7 | |
| Features Rating | 7.2 | |
| Service Rating | 7.9 | |
| Convenience Rating | 8.1 | |
| Trust Rating | 8.4 | |
| What next? |
Ratesclick to open
| UBank Long-Term Deposit ($10000 to $2000000) | ||
| Interest Payment Options (different interest rates apply to different amounts or different interest payment frequencies) |
monthly, quarterly, half-yearly, yearly | |
| 30 Day Rate | ||
| 60 Day Rate | ||
| 90 Day Rate | ||
| 120 Day Rate | ||
| 150 Day Rate | ||
| 180 Day Rate | ||
| 270 Day Rate | ||
| 1 year (annual interest) | 6.01% | |
| 2 year (annual interest) | ||
| 3 year (annual interest) | ||
| 4 year (annual interest) | ||
| 5 year (annual interest) | ||
| What next? |
Feesclick to open
| UBank Long-Term Deposit ($10000 to $2000000) | ||
| Partial Early Withdrawal Penalty | reduced interest. | |
| What next? |
Other financial bitsclick to open
| UBank Long-Term Deposit ($10000 to $2000000) | ||
| Minimum Deposit | $10,000.00 | |
| Maximum Deposit | $2,000,000.00 | |
| What next? |
Featuresclick to open
| UBank Long-Term Deposit ($10000 to $2000000) | ||
| Interest Payment Options | direct credit | |
| Interest Paid To Another Financial Institution | Yes | |
| Automatic Rollover | Yes | |
| Other Restrictions | ||
| Other Benefits | If you reinvest at the end of your term, UBank adds a 0.10% loyalty bonus to the new interest rate. | |
| What next? |
Most recent reviews of UBank term deposits
-
Overall Rating
10 -
Pricing
10 -
Product Features
10 -
Customer Service
- -
Convenience
10 -
Trust
10
straight forward banking and the best interest rates – allan from Western Australia, an UBank term deposit customer. Reviewed about 1 month ago
-
Overall Rating
10 -
Pricing
10 -
Product Features
9 -
Customer Service
10 -
Convenience
9 -
Trust
10
Deposits are essentially with NAB, so as safe. Rates and service are much better than other banks. – Tom from New South Wales, an UBank term deposit customer. Reviewed 2 months ago
-
Overall Rating
10 -
Pricing
10 -
Product Features
10 -
Customer Service
10 -
Convenience
10 -
Trust
10
Customer service people are friendly, always around to answer questions even after hours, and easy to use. – Jane from Victoria, an UBank term deposit customer. Reviewed 2 months ago
-
Overall Rating
1 -
Pricing
9 -
Product Features
- -
Customer Service
1 -
Convenience
8 -
Trust
0
Call centre is easy to reach and staff polite, but it ends there. My transactions have been plagued by blunders and repeated failures to deliver promised actions even after repeated requests. – Andrew from South Australia, an UBank term deposit customer. Reviewed 3 months ago
-
Overall Rating
4 -
Pricing
9 -
Product Features
9 -
Customer Service
1 -
Convenience
9 -
Trust
9
I recently go a ubank term deposit. The rate is very competitive but I have had problems with their service. I had to mail the cheque as they could not do electronic transfer from my bank. It took four days for them to "receive" the cheque and a further 5 days for it to clear. All during this time I got reminders by email and snail mail to deposit the funds they had already received. They need to work on their processes! – Amanda from New South Wales, an UBank term deposit customer. Reviewed 3 months ago
See all UBank term deposit reviews
Find more term deposits by visiting our compare term deposits page.
UBank also offers the following Term deposits
Other providers of term deposits
Follow Mozo on: