Thumbnail icon for UniBank

UniBank Term Deposit

Best rate (up to 1 year)
1.30% p.a.1 year
Interest paid to another bank?
yes

Mozo editorial review UniBank Term Deposit

Last updated: 3 July 2020.

binocular icon
What's hot
  • 1.30% p.a for 12 month term
  • $0 account keeping fees
  • 2020 Mozo Experts Choice Award winner
What's not
  • 31 days notice needed to access deposit prior to maturity
Mozo snapshot

What more can Aussies ask for than the 2020 Mozo Experts Choice Award winning term deposit from UniBank? 

If you’ve got $1,000 (or $500 for 0-23 year olds), ready to stash away, then this account has no account keeping fees, competitive interest rates, plus free online and phone banking balance enquiries for members. The term deposit also has a range of terms from as short as 3 months to as long as 36 months and interest rates that go up to 1.30% p.a. 

key icon
Key features

Looking for a term deposit that offers great value without the hidden fees? The UniBank term deposit is a great pick to start making money off your money, and it’s the winner of a 2019 Mozo Experts Choice Award in the Short Term Deposit category.

With a minimum of $1,000 on hand, you could start growing your money with a term deposit that has no account keeping fees and a pretty great range of terms starting from 3 months to 3 years and interest rates that go up to 1.30% p.a.

When you want to check out how your saving stash is going you can access your term deposit balance through 24 hour/ 7 days internet and phone banking and also make free online phone and banking enquiries.

If you wish to open the account with another person, then that’s always an option. Plus, you can choose to have the interest, which can be paid monthly, 12 monthly or at maturity on the Member, Rewards Package and Customer Term Deposits, paid into an account from another bank at no additional cost.

Just make sure to keep in mind if you do wish to withdraw your savings prior to maturity you will need to give up to 31 days notice in advance, and an interest adjustment will apply. 

snapshot
Who is it good for

Aussies with a minimum of $1,000 (or $5,000 to get the best value rates) who want to stash their money away in a straight forward term deposit.

snapshot
Any catches

Like other term deposits, the Unibank Term Deposit is designed to stash and save money, therefore you will have to give 31 days notice if you want to access your funds before your account reaches maturity.

Details

Rates and fees information correct as at 6 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.80% p.a. ($1,000 to $4,999)

    1.30% p.a. ($5,000 to $499,999)

  • 0.75% p.a. ($1,000 to $4,999)

    1.25% p.a. ($5,000 to $499,999)

  • 0.80% p.a. ($1,000 to $4,999)

    1.30% p.a. ($5,000 to $499,999)

  • 0.80% p.a. ($1,000 to $4,999)

    1.30% p.a. ($5,000 to $499,999)

Other financial bits
  • $1,000.00

  • $499,999.00

Features
  • direct credit, cheque

  • yes

  • yes

  • none

  • none

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

Customer Reviews

How are UniBank term deposits rated by the Mozo community?

Overall customer rating
9.0/10
Price
8.4/10
Features
8.9/10
Customer service
9.4/10
Convenience
8.3/10
Trust
9.1/10

Latest review of UniBank Term Deposit

  • Overall 9/10
    Flexible options, good return, great service

    Unicredit have the lowest minimum deposit $500 and terms as short as 1 month. Makes it very easy to manage money you don't need for a while, and get a fantastic return at the same time.

    Read full review

    Unicredit have the lowest minimum deposit $500 and terms as short as 1 month. Makes it very easy to manage money you don't need for a while, and get a fantastic return at the same time.

    Price
    9/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    David white, Western Australia reviewed about 8 years ago
UniBank

About UniBank

UniBank is an independent, state based, customer owned credit society based on the principles of mutuality. Since its beginnings in 1964, UniBank has grown into a niche market provider of financial products and services in Western Australia. UniBank offers a full range of banking products and services, including savings, investment and loan accounts, as well as insurance, travel, international currency and financial planning services.

See UniBank term deposits

Promoted

Citi

Citi

Term Deposit

1.05% p.a.

$10,000.00

Yesup to $250,000

Promoted

AMP

AMP

Term Deposit

1.20% p.a.

$5,000.00

Yesup to $250,000

Promoted

ING

ING

Term Deposit

1.15% p.a.

$10,000.00

Yesup to $250,000

Promoted

ME

ME

Term Deposit

1.25% p.a.

$25,000.00

Yesup to $250,000

Promoted

NAB

NAB

Term Deposit

1.00% p.a.

$25,000.00

Yesup to $250,000

Promoted

Citi

Citi

Term Deposit

1.05% p.a.

$10,000.00

Yesup to $250,000