8.4 / 10

based on 850 reviews as rated by Mozo community

UBank term deposits

UBank 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. UBank now has a range of competitive term deposits, super and savings accounts. In 2011, it launched UHomeloan for refinancing its first home loan product.

UBank offers the following term deposits

Rates and fees verified as correct at 04 December, 2020. Other information correct at the time of writing. Advertiser disclosure.

Product Best rate (up to 1 year) Minimum deposit Interest paid to another bank?
Green Term Deposit

0.65% p.a.10 months

$1,000.00

Yes

Term Deposit

0.65% p.a.1 year

$1,000.00

Yes

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

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How are UBank term deposits rated?

Mozo users have rated UBank term deposits on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of term-deposits
UBank term deposits
Overall
8.3/10
Price
Features
Customer service
Convenience
Trust

101 Reviews

Recent UBank term deposit reviews

UBank Term Deposit review
Overall 8/10
Great rates, but everything has to be done online.

Great rates, but everything has to be done online.

Read full review

Great rates, but everything has to be done online.

Price
10/10
Features
7/10
Customer service
4/10
Convenience
5/10
Trust
9/10
Less
Roman, Victoria reviewed about 1 year ago
UBank Term Deposit review
Overall 8/10
Competitive interest rates

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

Read 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
Less
George, New South Wales reviewed almost 5 years ago
UBank Term Deposit review
Overall 7/10
Good investment for short-term deposits

Online and efficient as well as competitive.

Read 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
Less
Jon, New South Wales reviewed about 5 years ago
UBank Term Deposit review
Overall 9/10
Great service online and good interest rates

So easy and online.

Read full review

So easy and online.

Price
9/10
Features
9/10
Customer service
8/10
Convenience
10/10
Trust
10/10
Less
Andrew, Victoria reviewed about 5 years ago

Term deposit quick links