Authority: An Australian online consumer banking service backed by the NAB or National Bank of Australia, which is one of 4 major banks in Australia. NAB was founded in the state of Victoria in 1858.
This product: The interest rate for this Ubank term deposit account is for a 12 month / 1 year period and may include a .10% loyalty bonus when you rollover 100% of your term deposit. It also includes other fixed terms including 1, 3, 6, 9 or 12 months.
How to open a UBank Term Deposit?
The requirements to open up a UBank Term Deposit include being 18 years or older, Australian residential address, at least $1000 and an Australian resident for tax purposes.
Factors effecting UBank 1 Year Term rates?
1 Year UBank Term Deposit like other Australian one year term accounts may vary depending on what UBank sets for its interest rates in anticipation of Reserve Bank of Australia cash rates or other Australian economic policies and environment.
How to open up a UBank Term Deposit?
Two options to open up a ubank account include opening it directly online at the website ubank.com.au or alternatively downloading an application form from their website.
The interest rate for this Ubank term deposit account is for a 12 month / 1 year period and may include a .10% loyalty bonus when you rollover 100% of your term deposit. It also requires a minimum $1000.
The rate of 3.01% is 0.98% higher than the average 2.03%. Also it is 0.09 % lower than the highest rate.Updated May, 2016