UBank term deposit reviews

UBank
UBank's overall rating for term deposits

(as rated by the Mozo community)

8.3 / 10

based on 100 reviews

Price

Features

Customer service

Convenience

Trust

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, New South Wales, reviewed almost 3 years 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, New South Wales, reviewed about 3 years 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, Victoria, reviewed about 3 years 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, Western Australia, reviewed about 3 years 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, New South Wales, reviewed over 3 years 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

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Marianne, New South Wales, reviewed over 3 years 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, New South Wales, reviewed over 3 years 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, South Australia, reviewed over 3 years 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, New South Wales, reviewed over 3 years ago

UBank

UBank term deposit review

Overall rating   7 / 10

Best rates

Gives the best returns on a government guaranteed 250K

Full review

Gives the best returns on a government guaranteed 250K

    Price   8 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   5 / 10

    Trust   8 / 10

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John, New South Wales, reviewed over 3 years ago

UBank

UBank term deposit review

Overall rating   1 / 10

Terrible

Because it's UBANK

Full review

Because it's UBANK

    Price   3 / 10

    Features   2 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   1 / 10

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Grahame, Victoria, reviewed almost 4 years 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 4 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, New South Wales, reviewed about 4 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, Victoria, reviewed about 4 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, Western Australia, reviewed over 4 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, New South Wales, reviewed about 5 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, New South Wales, reviewed about 5 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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Name not supplied, New South Wales, reviewed about 5 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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Name not supplied, Victoria, reviewed about 5 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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Name not supplied, Victoria, reviewed about 5 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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Name not supplied, Queensland, reviewed about 5 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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Name not supplied, Queensland, reviewed over 5 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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Name not supplied, New South Wales, reviewed over 5 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

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Name not supplied, Victoria, reviewed over 5 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

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Name not supplied, Victoria, reviewed over 5 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

  • AMP Term Deposit

    AMP Term Deposit

    • No account fees
    • Decent returns earning interest on your savings
    • Interest payable every one, three or six months (special conditions or reduced rates apply)

    interest rate*

    2.75% p.a.
    2 years

    Minimum deposit

    $25,000

    Go to site

    More info

    • No account fees
    • Decent returns earning interest on your savings
    • Interest payable every one, three or six months (special conditions or reduced rates apply)
    • Maximum deposit: $5,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Overall rating

    5.7

    Based on 15 AMP term deposit reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2018

    firstmac Term Deposit

    firstmac Term Deposit

    • Minimum investment $5,000 to lock in a fixed rate of return
    • Safe and secure with an Australian Government Guarantee
    • Flexible terms, choose from 30 days, 60 days, 90 days, 6 months, 9 months, 12 months and 24 months

    interest rate*

    2.65% p.a.
    1 year

    Minimum deposit

    $5,000

    Go to site

    More info

    • Minimum investment $5,000 to lock in a fixed rate of return
    • Safe and secure with an Australian Government Guarantee
    • Flexible terms, choose from 30 days, 60 days, 90 days, 6 months, 9 months, 12 months and 24 months
    • Maximum deposit: $5,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Need more information?
    Go to site

    More info

  • RACQ Bank Term Deposit

    RACQ Bank Term Deposit

    • Choose between a term and interest rate that suits you
    • Option to be paid interest monthly
    • Invest as little as $1,000

    interest rate*

    2.75% p.a.
    8 months

    Minimum deposit

    $1,000

    Go to site

    More info

    • Choose between a term and interest rate that suits you
    • Option to be paid interest monthly
    • Invest as little as $1,000
    • Maximum deposit: $1,000,000
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Need more information?
    Go to site

    More info

  • Citi Term Deposit Special

    Citi Term Deposit Special

    • Competitive rates for new to bank funds
    • $0 Setup and account-keeping fees
    • Guaranteed interest rate

    interest rate*

    3.00% p.a.
    1 year

    Minimum deposit

    $100,000

    Go to site

    More info

    • Competitive rates for new to bank funds
    • $0 Setup and account-keeping fees
    • Guaranteed interest rate
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    6.7

    Based on 15 Citi term deposit reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2018

    ME Term Deposit

    ME Term Deposit

    • No set-up fees
    • Choose a term from 1 month to 5 years
    • Apply online in minutes. No account keeping fees

    interest rate*

    2.80% p.a.
    1 year

    Minimum deposit

    $1,000

    Go to site

    More info

    • No set-up fees
    • Choose a term from 1 month to 5 years
    • Apply online in minutes. No account keeping fees
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Overall rating

    8.0

    Based on 48 ME term deposit reviews

    Need more information?
    Go to site

    More info

*Different interest rates apply to different amounts or different interest payment frequencies.

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*Different interest rates apply to different amounts or different interest payment frequencies.

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