UBank term deposit reviews

UBank
UBank's overall rating for term deposits

(as rated by the Mozo community)

7.7 / 10

based on 18 reviews

Price

Features

Customer service

Convenience

Trust

Full review

Featured term deposit from UBank

Recent UBank term deposit reviews

UBank

UBank term deposit review

Overall rating   8 / 10

Competitive interest rates

Best interest rates for term deposits (& low home loan rates).

Full review

Best interest rates for term deposits (& low home loan rates).

    Price   9 / 10

    Features   6 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

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George (NSW), reviewed 11 months ago

UBank

UBank term deposit review

Overall rating   7 / 10

Good investment for short-term deposits

Online and efficient as well as competitive.

Full review

Online and efficient as well as competitive.

    Price   7 / 10

    Features   7 / 10

    Customer service   5 / 10

    Convenience   8 / 10

    Trust   9 / 10

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Jon (NSW), reviewed about 1 year ago

UBank

UBank term deposit review

Overall rating   9 / 10

Great service online and good interest rates

So easy and online.

Full review

So easy and online.

    Price   9 / 10

    Features   9 / 10

    Customer service   8 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Andrew (VIC), reviewed about 1 year ago

UBank

UBank term deposit review

Overall rating   8 / 10

Excellent interest rates

Some of the best interest rates .

Full review

Some of the best interest rates .

    Price   8 / 10

    Features   8 / 10

    Customer service   7 / 10

    Convenience   6 / 10

    Trust   8 / 10

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Dietrich (WA), reviewed over 1 year ago

UBank

UBank term deposit review

Overall rating   9 / 10

Efficient and reliable.

Fuss free operations and communication from an accessible process.

Full review

Fuss free operations and communication from an accessible process.

    Price   8 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   10 / 10

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Ian (NSW), reviewed over 1 year ago

UBank

UBank term deposit review

Overall rating   7 / 10

Great customer service

Like the phone banking.

Full review

Like the phone banking.

    Price   5 / 10

    Features   5 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   -1 / 10

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Marianne (NSW), reviewed over 1 year ago

UBank

UBank term deposit review

Overall rating   10 / 10

Competitive features

I have been an ANZ Bank employee for 15 yrs -and what I am finding now is that the online banks are offering much better products and services.

Full review

I have been an ANZ Bank employee for 15 yrs -and what I am finding now is that the online banks are offering much better products and services.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Margaret (NSW), reviewed over 1 year ago

UBank

UBank term deposit review

Overall rating   6 / 10

Good customer service

These are local and the employees make you feel welcome when you enter the premises.

Full review

These are local and the employees make you feel welcome when you enter the premises.

    Price   6 / 10

    Features   4 / 10

    Customer service   6 / 10

    Convenience   6 / 10

    Trust   6 / 10

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Jim (SA), reviewed over 1 year ago

UBank

UBank term deposit review

Overall rating   8 / 10

Best interest and easy !

If you can't use a computer UBank is not for you. If you hate waiting on queues you'll love it. If you like using cards and don't carry cash this is your sort of bank. You can find out anything about your accounts with the press of a mouse and...

Full review

If you can't use a computer UBank is not for you. If you hate waiting on queues you'll love it. If you like using cards and don't carry cash this is your sort of bank. You can find out anything about your accounts with the press of a mouse and it's easy to get around. Also you can chat on line without paying a cent to call a real person from the comfort of your home. WAY to GO!

    Price   10 / 10

    Features   4 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   9 / 10

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J (NSW), reviewed over 1 year ago

UBank

UBank term deposit review

Overall rating   9 / 10

UBank, online, anytime, suits us

We love the convenience that UBank on-line service gives us. Great rates and good customer service. Happy with UBank.

Full review

We love the convenience that UBank on-line service gives us. Great rates and good customer service. Happy with UBank.

    Price   8 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   8 / 10

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Jan devlin , reviewed almost 2 years ago

UBank

UBank term deposit review

Overall rating   8 / 10

Best Term Deposit

Dest Term deposit rates, no fees plus loyalty bonus.

Full review

Dest Term deposit rates, no fees plus loyalty bonus.

    Price   9 / 10

    Features   3 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   9 / 10

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George (NSW), reviewed about 2 years ago

UBank

UBank term deposit review

Overall rating   9 / 10

Must check these rates

So easy once you are on their books! Auto roll-over at a higher rate or easy to change and remit into another account. Start rates are very good and a trusted institution.

Full review

So easy once you are on their books! Auto roll-over at a higher rate or easy to change and remit into another account. Start rates are very good and a trusted institution.

    Price   10 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Gray (VIC), reviewed about 2 years ago

UBank

UBank term deposit review

Overall rating   10 / 10

Best rates, easy to set up and hassle free

Quick, simple and straightforward. Highest interest rate available. Easy to use website and love the use of graphics and the goal setting features!

Full review

Quick, simple and straightforward. Highest interest rate available. Easy to use website and love the use of graphics and the goal setting features!

    Price   9 / 10

    Features   10 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

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Stephanie (WA), reviewed almost 3 years ago

UBank

UBank Term Deposit term deposit review

Overall rating   5 / 10

Other institutions offer better rates!

Had term deposit mature in August. Two further term deposits maturing in September and October suffered from two separate interest rate decreases whilst there was no movement in the cash rate. Wrote - but no reply! Very disappointed after four years.

Full review

Had term deposit mature in August. Two further term deposits maturing in September and October suffered from two separate interest rate decreases whilst there was no movement in the cash rate. Wrote - but no reply! Very disappointed after four years.

    Price   4 / 10

    Features   6 / 10

    Customer service   3 / 10

    Convenience   8 / 10

    Trust   5 / 10

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Ian (NSW), reviewed about 3 years ago

UBank

UBank SMSF Term Deposit term deposit review

Overall rating   7 / 10

Competitive interest rates and easy to use online

Competitive interest rates and easy to use online service.

Full review

Competitive interest rates and easy to use online service.

    Price   9 / 10

    Features   5 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   6 / 10

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John (NSW), reviewed about 3 years ago

UBank

UBank Term Deposit term deposit review

Overall rating   8 / 10

Great rate and very flexible

Great interest rate with the flexibility to receive interest monthly as opposed to at the end of the term which was really important to me.

Full review

Great interest rate with the flexibility to receive interest monthly as opposed to at the end of the term which was really important to me.

    Price   8 / 10

    Features   9 / 10

    Customer service   8 / 10

    Convenience   7 / 10

    Trust   7 / 10

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Mozo reviewer (NSW), reviewed about 3 years ago

UBank

UBank Term Deposit term deposit review

Overall rating   10 / 10

Great interest rates and ease of use

Love the ease of the website. They have a higher interest rate than the other banks I was checking out.

Full review

Love the ease of the website. They have a higher interest rate than the other banks I was checking out.

    Price   9 / 10

    Features   9 / 10

    Customer service   6 / 10

    Convenience   9 / 10

    Trust   8 / 10

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Mozo reviewer (VIC), reviewed about 3 years ago

UBank

UBank Term Deposit term deposit review

Overall rating   10 / 10

High interest = high returns

Absolutely the best term deposit I've found. I've told many of my mates, even my financial advisor and they have all signed up! It's so easy to navigate & understand and best of all, high interest rates!

Full review

Absolutely the best term deposit I've found. I've told many of my mates, even my financial advisor and they have all signed up! It's so easy to navigate & understand and best of all, high interest rates!

    Price   10 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   3 / 10

    Trust   7 / 10

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Mozo reviewer (VIC), reviewed over 3 years ago

UBank

UBank SMSF Term Deposit term deposit review

Overall rating   10 / 10

Competitive features.

Have a great time with me and will always love you.

Full review

Have a great time with me and will always love you.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Mozo reviewer (QLD), reviewed over 3 years ago

UBank

UBank SMSF Term Deposit term deposit review

Overall rating   9 / 10

Fast and instant competitive banking

I like Ubank because it is an "All Online" banking system that offers fast and instant service (no standing in long queues). The products offered are generally more competitive than any of the other major Australian banks.

Full review

I like Ubank because it is an "All Online" banking system that offers fast and instant service (no standing in long queues). The products offered are generally more competitive than any of the other major Australian banks.

    Price   8 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   9 / 10

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Mozo reviewer (QLD), reviewed over 3 years ago

UBank

UBank SMSF Term Deposit term deposit review

Overall rating   6 / 10

Unhelpful

Do not % rate at time of renewing.

Full review

Do not % rate at time of renewing.

    Price   8 / 10

    Features   6 / 10

    Customer service   0 / 10

    Convenience   6 / 10

    Trust   8 / 10

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Mozo reviewer (NSW), reviewed over 3 years ago

UBank

UBank term deposit review

Overall rating   7 / 10

Great rates

Offers higher rates than other banks.

Full review

Offers higher rates than other banks.

    Price   7 / 10

    Features   6 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   7 / 10

Less

Mozo reviewer (VIC), reviewed over 3 years ago

UBank

UBank term deposit review

Overall rating   9 / 10

Very competitive term deposits.

Always good service by phone. No negatives. Usually the best interest rates. Would recommend.

Full review

Always good service by phone. No negatives. Usually the best interest rates. Would recommend.

    Price   10 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   5 / 10

Less

Mozo reviewer (VIC), reviewed over 3 years ago

UBank

UBank Term Deposit term deposit review

Overall rating   7 / 10

Only online, the best rates, the only way to go

You get the best term deposit rates with this bank every time without worrying. Due to only being online there are no fees. This reduces costs. This concerned me at first but having been with them several years now they are trustworthy and very...

Full review

You get the best term deposit rates with this bank every time without worrying. Due to only being online there are no fees. This reduces costs. This concerned me at first but having been with them several years now they are trustworthy and very reliable to deal with. However, if you couldn't access a computer for some reason this could be cause for concern. This way of banking is not for everyone.

    Price   9 / 10

    Features   -1 / 10

    Customer service   9 / 10

    Convenience   -1 / 10

    Trust   6 / 10

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Mozo reviewer (ACT), reviewed over 3 years ago

UBank

UBank Term Deposit term deposit review

Overall rating   10 / 10

Great service; user and client friendly; great rat

Ubank has competitive rates; excellent customer service and an online service that is easily accessible and very user friendly. You can do most things online with little to no fuss. Also any information re; tax year accounts are available. In...

Full review

Ubank has competitive rates; excellent customer service and an online service that is easily accessible and very user friendly. You can do most things online with little to no fuss. Also any information re; tax year accounts are available. In short this is a friendly, accessible bank which I have recommended to many friends, all of whom have been very happy.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Mozo reviewer (VIC), reviewed over 3 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Term deposit comparisons on Mozo Rates updated daily

  • ING DIRECT Term Deposit

    ING DIRECT Term Deposit

    • No ING DIRECT fees
    • Deposit from $10K to $5 million
    • Loyalty Bonus Rate on rollover

    interest rate*

    3.00% p.a.
    1 year

    Go to site

    More info

    • No ING DIRECT fees
    • Deposit from $10K to $5 million
    • Loyalty Bonus Rate on rollover
    • Minimum deposit: $10,000
    • Maximum deposit: $5,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Overall rating

    8.7

    Based on 55 ING DIRECT term deposit reviews

    Need more information?
    Go to site

    More info

  • Citibank Term Deposit

    Citibank Term Deposit

    • Minimum investment $75,000, 31 day notice period applies
    • No establishment or account keeping fees
    • Feel secure in your investment, with guaranteed returns at maturity.

    interest rate*

    2.95% p.a.
    6 months

    Go to site

    More info

    • Minimum investment $75,000, 31 day notice period applies
    • No establishment or account keeping fees
    • Feel secure in your investment, with guaranteed returns at maturity.
    • Minimum deposit: $75,000
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    9.0

    Based on 3 Citibank term deposit reviews

    Need more information?
    Go to site

    More info

  • Bank Australia Term Deposit

    Bank Australia Term Deposit

    • High interest rate
    • Short investment term of 3 months for investments over $5K
    • Interest paid at maturity

    interest rate*

    2.85% p.a.
    2 years

    Go to site

    More info

    • High interest rate
    • Short investment term of 3 months for investments over $5K
    • Interest paid at maturity
    • Minimum deposit: $5,000
    • Maximum deposit: $500,000
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    6.3

    Based on 3 Bank Australia term deposit reviews

    Need more information?
    Go to site

    More info

  • Bankwest Online Term Deposit

    Bankwest Online Term Deposit

    • No fees
    • Invest anything from $1,000 to $5 million
    • 100% secure online application process

    interest rate*

    2.70% p.a.
    6 months

    Go to site

    More info

    • No fees
    • Invest anything from $1,000 to $5 million
    • 100% secure online application process
    • Minimum deposit: $1,000
    • Maximum deposit: $5,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Overall rating

    7.7

    Based on 47 Bankwest term deposit reviews

    Need more information?
    Go to site

    More info

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