Boost your retirement plans in a big way with UBank’s Self-Managed Super Fund accounts.
01
Why choose a UBank SMSF account?
No fees
We don’t erode your retirement savings with unnecessary fees.
Easy to use
Our easy online application process means you can enjoy competitive interest rates straight away.
Security
All deposits up to $250,000 (limit applies to total funds deposited with NAB) are covered under the Financial Claims Scheme (FCS). UBank is backed by NAB, one of Australia’s most established banks.
02
Decide which SMSF product is best for you
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
Must be part of a complying Self-Managed Super Fund with no more than 2 individual trustees or a corporate trustee with a maximum of 2 directors
Must be part of a complying Self-Managed Super Fund with no more than 2 individual trustees or a corporate trustee with a maximum of 2 directors
Easy online application process
Easy online application process
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
0.40% p.a. above the current standard variable rate
0.10% p.a. Loyalty Bonus above the current rate
Base Variable Rate 0.40% p.a.
1 month 0.30% p.a.
2 months 0.60% p.a.
3 months 1.10% p.a.
4 months 1.10% p.a.
5 months 1.10% p.a.
6 months 1.10% p.a.
7 months 1.15% p.a.
8 months 1.15% p.a.
9 months 1.40% p.a.
10 months 1.30% p.a.
11 months 1.30% p.a.
12 months 1.60% 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.
03
What do I need to apply?
Click below for more information on getting started with:
04
Find out how much you could save for retirement with UBank’s DIY Super accounts.
05
See our competitive rates
| Institution | 1 month | 3 months | 4 months | 6 months | 9 months | 12 months |
| U BANKstandard rate | 0.30% | 1.10% | 1.10% | 1.10% | 1.40% | 1.60% |
| U BANKwith Loyalty Bonus | 0.40% | 1.20% | 1.20% | 1.20% | 1.50% | 1.70% |
| ANZ | 0.25% | 0.75% | 0.70% | 0.75% | 0.70% | 0.80% |
| Bankwest | 0.40% | 0.90% | 0.90% | 0.95% | 0.90% | 1.00% |
| Commonwealth Bank | 0.20% | 0.65% | 0.60% | 0.70% | 0.75% | 0.90% |
| CUA | 0.30% | 1.15% | 1.10% | 1.30% | 1.00% | 1.30% |
| HSBC | 0.35% | 0.70% | 0.60% | 0.70% | 0.60% | 1.70% |
| ING | n/a | 0.70% | 1.00% | 1.20% | 1.20% | 1.40% |
| Macquarie Bank | 0.10% | 1.05% | 1.05% | 1.05% | 1.05% | 1.10% |
| ME | 1.05% | 1.50% | 1.50% | 1.60% | 1.60% | 1.65% |
| NAB | 0.20% | 0.80% | 0.80% | 0.80% | 0.90% | 1.10% |
| St.George Bank | 0.20% | 0.85% | 0.80% | 0.80% | 0.75% | 1.05% |
| Suncorp Bank | 0.60% | 0.90% | 1.25% | 1.30% | 1.15% | 1.25% |
| Westpac | 0.15% | 0.85% | 0.80% | 0.75% | 0.70% | 1.00% |
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 1.50% p.a.
Information accurate as at 29 May 2020. Source: CANSTAR
Note: Some rates displayed may include promotional/bonus rates. Competitor rates shown are as notified to CANSTAR during the previous business day.
Rates shown above are the nominal interest rates for amounts of $10,000. Interest is generally calculated daily and payable monthly, however, this may vary from institution to institution. This comparison table may include introductory rates.
Financial data provided by Canstar Research Pty. Ltd. AFSL and Australian Credit Licence 437917. See Canstar's FSG & Credit Guide
| Institution | Product | Maximum interest rate p.a. | Standard Variable rate p.a. |
| U BANK | USaver SMSF | 0.80% | 0.40% |
| ANZ | Business Online Saver | 0.75% | 0.15% |
| Bankwest | Business Telenet Saver Account | 0.05% | 0.05% |
| BOQ | Business WebSavings Account | 1.40% | 0.40% |
| Citi | Ultimate Business Saver | 1.40% | 1.40% |
| Commonwealth Bank | Business Online Saver | 0.10% | 0.10% |
| ING | Business Optimiser | 1.25% | 0.25% |
| NAB | Business Cash Maximiser | 0.05% | 0.05% |
| Suncorp Bank | Business Saver Account | 0.50% | 0.50% |
Information accurate as at 29 May 2020. Source: CANSTAR
Note: Some rates displayed may include promotional/bonus rates. Competitor rates shown are as notified to CANSTAR during the previous business day.
Rates shown above are the nominal interest rates for amounts of $10,000. Interest is generally calculated daily and payable monthly, however, this may vary from institution to institution. This comparison table may include introductory rates.
Financial data provided by Canstar Research Pty. Ltd. AFSL and Australian Credit Licence 437917. See Canstar's FSG & Credit Guide
Mozo Experts Choice 2019
Savings Bank of the Year
Regular Saver
Canstar Bank of The Year
Savings - 5 years running (2015 - 2019)
06
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: 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 is true only for the examples given & may not include all fees & charges. Different terms, fees or other loan amounts might result in a different comparison rate. 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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