Our Self-Managed Super Fund accounts are no longer available
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Please note, we no longer offer new SMSF accounts. Don't worry, if you're a customer with existing SMSF accounts you can still operate and transact on these accounts as normal.
No UBank fees
We don’t erode your retirement savings with unnecessary fees.
Be sure to check with your auditor about the fees that they may charge you. UBank charges auditors a fee for audit related information requests made online.
Security
All deposits up to $250,000 per person (limit applies to total funds deposited with NAB and UBank) are covered under the Financial Claims Scheme (FCS). UBank is backed by NAB, one of Australia’s most established banks.
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Delivers a high interest rate – calculated daily, paid monthly and easy access to funds for SMSF investment
Enjoy a great interest rate and the choice from 1 to 12-month term.
Nil
Nil
Flexibility to transfer funds to any eligible Australian bank account
Security of a fixed high interest rate
From 8 August 2020, you can no longer open a new SMSF account with UBank. Don't worry, if you're a customer with existing SMSF accounts you can still operate and transact on these accounts as normal.
From 8 August 2020, you can no longer open a new SMSF account with UBank. Don't worry, if you're a customer with existing SMSF accounts you can still operate and transact on these accounts as normal.
Self-managed super fund Term Deposit customers that opened the account before 8 August 2020 can roll over the Term Deposit at maturity.
No minimum amount and a maximum of $5 million per customer
A minimum of $1,000 to deposit (up to a maximum of $2 million) per account
Earn bonus interest in the months you don’t make any withdrawals from your account
Rollover 100% or more of your initial Term Deposit
0.20% p.a. above the current standard variable rate
0.10% p.a. Loyalty Bonus above the current rate
Base Variable Rate 0.15% p.a.
1 month 0.05% p.a.
2 months 0.10% p.a.
3 months 0.30% p.a.
4 months 0.30% p.a.
5 months 0.30% p.a.
6 months 0.30% p.a.
7 months 0.30% p.a.
8 months 0.30% p.a.
9 months 0.30% p.a.
10 months 0.35% p.a.
11 months 0.35% p.a.
12 months 0.35% p.a.
Secure savings – UBank is backed by NAB, one of Australia’s most established banks
Secure savings – UBank is backed by NAB, one of Australia’s most established banks
SMSF Term Deposit terms & conditions
With our Green Term Deposit, your savings will be matched to a portfolio of renewable energy projects like wind and solar energy and low carbon buildings.
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Find out how much you could save for retirement with UBank’s DIY Super accounts.
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See our competitive rates
| Institution | 1 month P.A. | 3 months P.A. | 4 months P.A. | 6 months P.A. | 9 months P.A. | 12 months P.A. |
| U BANKstandard rate | 0.05% | 0.30% | 0.30% | 0.30% | 0.30% | 0.35% |
| U BANKwith Loyalty Bonus | 0.15% | 0.40% | 0.40% | 0.40% | 0.40% | 0.45% |
UBank's 12-month rate is for a SMSF TD with interest paid at maturity. The standard interest rate for our 12-month SMSF TD with interest paid monthly is 0.25% p.a.
Note: Some rates displayed may include promotional/bonus rates.
| Institution | Product | Maximum interest rate p.a. | Standard Variable rate p.a. |
| U BANK | USaver SMSF | 0.35% | 0.15% |
Note: Some rates displayed may include promotional/bonus rates.
Mozo Experts Choice 2019
Savings Bank of the Year
Regular Saver
Canstar Bank of The Year
Savings - 5 years running (2015 - 2019)
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Here’s what our customers have to say.
So easy to set up accounts for both personal accounts and DIY super; all done from the comfort of my desk chair. The interest rate is one of the best around, especially when the bonus rate is added ...
We were looking for a competitive rate for a term deposit and when we decided on UBank the process to do it online was very user friendly.
Application was completed quickly and easily. The website is a great SMSF hub. One major improvement would be the iPhone application.
UHomeLoan info: Credit is provided by AFSH Nominees Pty Ltd Australian Credit Licence 391192. UBank is the mortgage manager for UHomeLoan products. Govt charges may apply. The Comparison rate is based on a secured loan of $150,000 over the term of 25 years. ^WARNING: This Comparison rate applies only to the example or examples given. Different amounts and terms will result in different Comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison rate but may influence the cost of the loan.
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