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Considering a UBank term deposit?

Compare term deposit alternatives before you lock your money away in a UBank term deposit.

For investors with $50,000+, Deposit Desk can connect you with participating providers offering fixed income opportunities from 6% p.a.

Not a bank deposit. Different risks and protections apply.

See what's possible beyond a UBank term deposit

Thanks. Based on your investment amount, we can connect you with a participating provider with fixed income opportunities offering fixed interest rates from 6% p.a.

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Free to enquire. No obligation. Takes less than 30 seconds.

Australians added $21.5B to deposits last quarter. Before you lock yours away, compare what else may be available. Source: ABS March 2026

  • Alternatives to traditional term deposits
  • Designed for investments of $50,000+
  • No cost to enquire
  • Confidential and obligation-free
  • Specialist fixed income providers
  • Quick, simple enquiry process

What happens after you enquire?

Tell us how much you are considering placing and your preferred term. Deposit Desk may then introduce you to a participating provider who can explain available fixed income options, rates, terms and risks. You decide whether to proceed. There is no obligation.

Popular Enquiry Types

SMSF cash · Maturing term deposits · Property sale proceeds · Business sale proceeds · Business reserves · Inheritances · Personal injury payouts · Stock market exits · Redundancy payouts · Trust/company funds · Insurance payouts · Personal savings

Frequently Asked Questions

The following frequently asked questions are educational and based on publicly available information:

Yes. UBank offers term deposits that allow customers to deposit funds for a fixed period and earn a fixed interest rate over that term, subject to the bank’s terms and conditions.
UBank may offer a range of term deposit terms, commonly from short terms such as 1, 3 or 6 months through to longer terms such as 12 months, 24 months or more. Available terms can change, so it is important to check the latest options before applying.
The minimum deposit amount can vary depending on the product, term and customer type. Some banks allow smaller deposits, while others may require a higher minimum balance to access certain rates.
Yes. Term deposit rates are generally fixed for the agreed term. This means the rate usually does not change during the term, even if market interest rates move up or down.
Interest may be paid at maturity, monthly, annually, or at other agreed intervals depending on the term deposit selected. The interest payment option may affect the rate available.
Early withdrawals may be possible, but they are usually subject to notice periods, approval by the bank, and interest adjustments or break costs. You should check the early withdrawal rules before opening a term deposit.
At maturity, you may be able to withdraw your funds, reinvest them into a new term deposit, or transfer them to another account. Some banks may automatically reinvest the funds if no instruction is provided before the maturity date.
Eligible deposits with Australian authorised deposit-taking institutions may be covered by the Australian Government’s Financial Claims Scheme, up to applicable limits. You should confirm whether the specific account and institution are covered before depositing funds.
Term deposit rates can vary significantly between banks and terms. Before opening a term deposit, it can be worth comparing rates, minimum deposit requirements, interest payment options, maturity instructions and early withdrawal rules.
Many banks allow term deposits to be opened online, although eligibility, identification requirements and linked account requirements may apply. Some customers may need to visit a branch or speak with the bank directly.
No. This page is provided by Deposit Desk for general information purposes. It is not the official website of UBank, and Deposit Desk is not affiliated with, endorsed by, or sponsored by UBank unless expressly stated.
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Deposit Desk partners with investment companies seeking access to qualified clients. Deposit Desk is not a bank and does not offer bank deposit products. Providers may offer solutions with different terms, risks and protections to term deposits. These products may not be guaranteed or insured and may be offered by affiliated providers. We may receive referral fees from participating providers. Nothing on this site is financial advice. Any information provided on this website is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether any financial product is appropriate for your circumstances and seek independent professional advice where appropriate. Deposit Desk is not affiliated with, endorsed by, or sponsored by UBank. Information is provided for general comparison purposes only.