If you can say yes to all of the following, you're good to go:

• I have $1,000 or more to invest?
• I have an Australian bank account?
• I'm 18 or over?
• I have an Australian residential address?
• I'm an Australian resident for tax purposes?
• I have an email address and mobile phone number? (for joint applicants a different email address is required for each applicant)

Do you have a Self Managed Super Fund (SMSF)?
Refer to Who can open an SMSF term deposit?

Other than a trustee of a self managed super fund that complies with SIS legislation, you can't open a UBank Term Deposit in a company or business name (including sole traders) or in a trust capacity.

It doesn't matter who you bank with. In fact, anyone with an Australian bank account can open a UBank Term Deposit account.

Have a look at current interest rates

It's calculated on the daily closing balance and credited at maturity. With the 12-month term you can request interest to be credited to your chosen account either monthly, quarterly, six-monthly or at maturity.

No. It's a fixed rate. So the rate you sign up for is the rate you get for the whole term, no matter what's going on in the money markets.

Take your pick from fixed terms of 1, 3, 6, 9 or 12 months.

You must have at least $1,000 to open a UBank Term Deposit. The maximum is $2 million per account.

As far as UBank Term Deposit accounts go, there are no fees or charges payable.

After we receive your application, we guarantee the interest rate for 5 calendar days. So it's important to transfer your full deposit within that time as we don't want you to miss out. After this time the rate that will apply is that on the day your funds are received.

So to guarantee the interest rate you apply for, it pays to move fast on your deposit.

View UBank Terms & Conditions

Yes, call us anytime on 13 30 80 and we can send you one in the mail or alternatively you can:

• Download a UBank information brochure (PDF, 695KB)

Sorry, no. While UBank is backed by NAB, it's not possible to share accounts between both banks.

You've got three options:

• Online at ubank.com.au
• Over the phone by calling 13 30 80 anytime, 24/7
• Download an application form (PDF, 141KB) - not available to Self Managed Super Funds

Unfortunately, no - but you can easily open an account:

• Online at ubank.com.au
• Over the phone by calling 13 30 80 anytime, 24/7
• Download an application form (PDF, 141KB)

• Unfortunately, no - but you can always send it to us at the following address (no stamp required):
  UBank Reply Paid
  1466 North Sydney NSW 2059

When you apply, we need you to tell us certain personal information about yourself. This includes, but isn't restricted to, the following:

• An Australian residential (not a PO Box) and postal address.
• Your driver's licence number (if applicable).
• Your passport number (if you have one).
• A mobile phone number.
• An email address (if you are applying for a joint account, each applicant must have their own email address).
• The details of the bank account you wish to link to your term deposit.
• Your Tax File Number or Exemption Code for tax purposes (we can always get this from you later, but if you do not provide your TFN or Exemption Code we are required by law to deduct withholding tax at the highest marginal rate).
• A secret question and answer (we will use these to identify you when you call).

Do you have a Self Managed Super Fund (SMSF)?
Refer to applying for an SMSF term deposit

Not if you're an existing UBank customer and provide us with your account number.

But if you're new to us, yes. We'll do this electronically by using public domain databases, but if this is not successful, we'll need you to provide us with some documents. We'll let you know after you've applied.

If you haven't met UBank's identity checks then certain limitations apply. Most importantly we can't send you any funds until you meet our identification requirements.

• This includes your deposit and any interest you may have accrued.
• This applies at any time, including during the term of your deposit, and at maturity.

Yes, you can open a term deposit in a maximum of two names. We'll ask for the personal details of both people on the account.

You don't have to tell us your Tax File Number. It's completely up to you.

However, if you do not provide your Tax File Number or Exemption Code, we are required by law to deduct withholding tax at the highest marginal rate. So it's in your best interest to provide this to us as soon as possible.

Withholding tax is a tax deducted from the gross amount of interest paid to you. This automatic deduction occurs when a valid Tax File Number (TFN) has not been provided. When you open a UBank Term Deposit you will be asked to provide your Tax File Number (TFN) or TFN exemption code. In the case of joint accounts, both account holders are required to supply a valid TFN.

When we credit interest to transfer your chosen bank account at maturity we'll deduct withholding tax.

That's the account you nominate to transfer your principal & interest to.

Yes, it's as simple as a phone call. You can reach us anytime on 13 30 80. Please tell us at least five days before maturity.

As many as you like. The minimum amount in each must be $1,000.

When considering a new account (savings account, term deposit or other investment), it is important to consider how many days it will take to set up the account and to transfer your money. If your money has to sit in a non interest bearing transaction account for, say 5 days to wait for paperwork to clear, then this can have a dramatic effect on the effective interest rate you are getting.

When you're keen to see your money grow, the last thing you want is to wait around for paperwork to be processed. That's why we created UBank Turbo - so you can start earning interest on your money even sooner.

You can transfer you money immediately after application and start earning interest sooner.

In most cases your account will be set up immediately after you apply. You can then access your account via UBank Online at ubank.com.au

We'll also send you a letter once your account has been set up. But you can always check in with us anytime on 13 30 80.

When you're keen to see your money grow, the last thing you want is to wait around for paperwork to be processed. That's why we created UBank Turbo Deposits - so you can start earning interest on your money even sooner. You can transfer you money in four ways.

USaver - simply transfer funds from your UBank USaver account using the UBank BSB number (082991) and your term deposit number.

BPAY - lets you transfer funds electronically by using a simple BPAY biller code and a unique customer reference number. Use these to make your deposit, and start earning interest immediately, all with no hassles, no waiting and no paperwork.

You'll need to send your total funds in a single transfer. If your bank imposes a withdrawal limit - contact them directly to increase your daily limit.

Funds Transfer - simply transfer funds from any Australian bank account using the UBank BSB number (082991) and your term deposit number.

Your bank may have some restrictions on your linked account, so please check with them.

Cheque - simply write us a cheque made payable to UBank or the account holder(s) with your application. You'll need to write your full name, address, date of birth and your account number on the reverse side of the cheque. Please note we can't accept a third party cheque for term deposits.

Send us your cheque to (no stamp required):

UBank Reply Paid
1466 North Sydney NSW 2059

After we receive your application, we guarantee the interest rate for 5 calendar days. So it's important to transfer your full deposit within that time as we don't want you to miss out. After this time the rate that will apply is that on the day your funds are received.

(Note that it's best to transfer the full amount in a single transaction).

Unfortunately, no - but you can do it easily by:

USaver - simply transfer funds from your UBank USaver account using the UBank BSB number (082991) and your term deposit number.

BPAY - lets you transfer funds electronically by using a simple BPAY biller code and a unique customer reference number. Use these to make your deposit, and start earning interest immediately, all with no hassles, no waiting and no paperwork.

You'll need to send your total funds in a single transfer. If your bank imposes a withdrawal limit - contact them directly to increase your daily limit.

Funds Transfer - simply transfer funds from any Australian bank account using the UBank BSB number (082991) and your term deposit number.

Your bank may have some restrictions on your linked account, so please check with them.

Cheque - simply write us a cheque made payable to UBank or the account holder(s) with your application. You'll need to write your full name, address, date of birth and your account number on the reverse side of the cheque. Please note we can't accept a third party cheque for term deposits.

Send us your cheque to (no stamp required):

UBank Reply Paid
1466 North Sydney NSW 2059

After we receive your application, we guarantee the interest rate for 5 calendar days. So it's important to transfer your full deposit within that time as we don't want you to miss out. After this time the rate that will apply is that on the day your funds are received.

(Note that it's best to transfer the full amount in a single transaction).

Yes, when you open your account we'll give you a UBank BSB and account number. You can then transfer funds from an Australian bank to your UBank Term Deposit account. Please check with your bank as restrictions may apply.

Sorry, not right now. Here's how you can deposit money into a UBank Term Deposit:

USaver - simply transfer funds from your UBank USaver account using the UBank BSB number (082991) and your term deposit number.

BPAY - lets you transfer funds electronically by using a simple BPAY biller code and a unique customer reference number. Use these to make your deposit, and start earning interest immediately, all with no hassles, no waiting and no paperwork.

You'll need to send your total funds in a single transfer. If your bank imposes a withdrawal limit - contact them directly to increase your daily limit.

Funds Transfer - simply transfer funds from any Australian bank account using the UBank BSB number (082991) and your term deposit number.

Your bank may have some restrictions on your linked account, so please check with them.

Cheque - simply write us a cheque made payable to UBank or the account holder(s) with your application. You'll need to write your full name, address, date of birth and your account number on the reverse side of the cheque. Please note we can't accept a third party cheque for term deposits.

Send us your cheque to (no stamp required):

UBank Reply Paid
1466 North Sydney NSW 2059

After we receive your application, we guarantee the interest rate for 5 calendar days. So it's important to transfer your full deposit within that time as we don't want you to miss out. After this time the rate that will apply is that on the day your funds are received.

(Note that it's best to transfer the full amount in a single transaction).

Sorry, not right now. Here's how you can deposit money into a UBank Term Deposit:

USaver - simply transfer funds from your UBank USaver account using the UBank BSB number (082991) and your term deposit number.

BPAY - lets you transfer funds electronically by using a simple BPAY biller code and a unique customer reference number. Use these to make your deposit, and start earning interest immediately, all with no hassles, no waiting and no paperwork.

You'll need to send your total funds in a single transfer. If your bank imposes a withdrawal limit - contact them directly to increase your daily limit.

Funds Transfer - simply transfer funds from any Australian bank account using the UBank BSB number (082991) and your term deposit number.

Your bank may have some restrictions on your linked account, so please check with them.

Cheque - simply write us a cheque made payable to UBank or the account holder(s) with your application. You'll need to write your full name, address, date of birth and your account number on the reverse side of the cheque. Please note we can't accept a third party cheque for term deposits.

Send us your cheque to (no stamp required):

UBank Reply Paid
1466 North Sydney NSW 2059

After we receive your application, we guarantee the interest rate for 5 calendar days. So it's important to transfer your full deposit within that time as we don't want you to miss out. After this time the rate that will apply is that on the day your funds are received.

(Note that it's best to transfer the full amount in a single transaction).

Yes, send it here please (no stamp required):
UBank Reply Paid
1466 North Sydney NSW 2059

Please be sure to:

• Make the cheque payable to UBank (no third party cheques please, your cheque needs to be in the same name as one of the applicants stated on the form).
• Write your name, address, date of birth and unique customer reference or account number on the back of the cheque.
• Attach the cheque to either a completed application form or a cheque deposit slip provided by us.
• Make sure that we receive your cheque within 5 calendar days from the date of your application (we guarantee the interest rate for this period).

Send it to us at the following address (no stamp required):
UBank Reply Paid
1466 North Sydney NSW 2059

Please be sure to:

• Make the cheque payable to UBank.
• Write your name, address, date of birth and unique customer reference or account number (if you have one) on the back of the cheque (we can't accept a third party cheque so your cheque needs to be in the same name as one of the applicants stated on the form).
• Attach the cheque to either a completed application form or a cheque deposit slip provided by us.
• Make sure that we receive your cheque within 5 calendar days from the date of your application (we guarantee the interest rate for this period).

Yes, when you open your account we'll give you a BPAY® biller code and unique customer reference number so you can transfer money e.g. via UBank Online into your UBank Term Deposit. You'll need to send your total funds in a single transfer. If your bank imposes a withdrawal limit, contact them directly to increase it.

BPAY® payments to the UBank biller code (303735) made on NAB Internet Banking have a $2m maximum. For help using NAB Internet Banking, refer to the NAB website https://www.nab.com.au/Personal_Finance/0,,82850,00.html

Most banks will allow you to increase the daily withdrawal limit. Just give them a call to arrange this - most will do so on the spot. If you still experience difficulties give us a call anytime on 13 30 80 and speak to a real person.

Of course, you could always send us a personal or bank cheque.

Sorry, not right now. Here's how you can deposit money into a UBank Term Deposit:

USaver - simply transfer funds from your UBank USaver account using the UBank BSB number (082991) and your term deposit number.

BPAY - lets you transfer funds electronically by using a simple BPAY biller code and a unique customer reference number. Use these to make your deposit, and start earning interest immediately, all with no hassles, no waiting and no paperwork.

You'll need to send your total funds in a single transfer. If your bank imposes a withdrawal limit - contact them directly to increase your daily limit.

Funds Transfer - simply transfer funds from any Australian bank account using the UBank BSB number (082991) and your term deposit number.

Your bank may have some restrictions on your linked account, so please check with them.

Cheque - simply write us a cheque made payable to UBank or the account holder(s) with your application. You'll need to write your full name, address, date of birth and your account number on the reverse side of the cheque. Please note we can't accept a third party cheque for term deposits.

Send us your cheque to (no stamp required):

UBank Reply Paid
1466 North Sydney NSW 2059

After we receive your application, we guarantee the interest rate for 5 calendar days. So it's important to transfer your full deposit within that time as we don't want you to miss out. After this time the rate that will apply is that on the day your funds are received.

(Note that it's best to transfer the full amount in a single transaction).

We guarantee the interest rate on your term deposit for 5 calendar days from receiving your application. After the 5 calendar days the interest rate that will apply to your term deposit will be the applicable rate on the day we receive your money.

Nothing for now. But at the expiration of your current term we'll get in touch, and you can choose either 'interest paid monthly' or 'interest paid at maturity'.

UBank Term Deposits now have two interest payment options - at maturity; or monthly. If you have an existing Term Deposit with interest paid monthly, you'll continue to see the product name as 'Term Deposit Interest Paid at Maturity' until the expiration of the current term, but your interest rate and payment frequency will not be affected.

Your interest rate and payment frequency will not be affected for the current term. View all our rates.

For a 1 month term, if you're ever unsure when your term's maturing, simply call us on 13 30 80 - anytime at all.

For all other terms, we'll let you know before your maturity. It's really important you tell us what you want to do before maturity, which you need to do no later than 5 days before your official end-date. If we don't hear from you, we'll roll your money over into a new term deposit, at the current rate.

Alternatively, you can set up an SMS alert to remind you when your term deposit is to mature. To do this simply login online and go to 'MyMoney'.

• Re-invest (and add more to it if you like). If you choose to leave the money where it is, you may be eligible for our unique UBank Loyalty Bonus, which is 0.10% p.a. above the current rate on the maturity date.
• Re-invest a reduced amount.
• Take the money and run.

It's really important you tell us what you want to do before maturity, which you need to do no later than 5 days before your official end-date. If we don't hear from you, we'll roll your money over into a new term deposit, at the current rate on the maturity date.

Call us on 13 30 80, no later than 5 days before maturity.

Once your term matures and you choose to rollover your full deposit (or more) we'll give you the unique UBank Loyalty Bonus - which is 0.10% p.a. above our already impressive term deposit rate.

You can't add money during the term of your term deposit. But once your account has reached maturity you can add additional funds to your UBank Term Deposit (and you may be eligible to get our 0.10% p.a. unique UBank Loyalty Bonus for doing so).

Of course, you can always open a new UBank Term Deposit account.

No. Your chosen bank account can only be set up with Australian financial institutions.

You can, but we may reduce the interest payable on your term deposit by a reasonable estimate of the costs to us, known as a Pre-payment Cost.

If you withdraw an amount from your term deposit prior to maturity, we may reduce the interest earned by what we consider to be a reasonable estimate of the costs to us. This cost, known as a Pre-payment Cost, may total (or be up to) the accrued interest amount, but will not exceed this amount.

We calculate the difference between the interest rate at the time of your initial deposit and interest rates at the time you want to withdraw your funds. If interest rates have increased since your deposit was lodged, the cost to UBank to replace those funds withdrawn will have increased.

Then we calculate the cost of replacing the funds withdrawn and deduct this from your accrued interest.

If you have a login email and password you can view your account balances online.

Otherwise call us anytime on 13 30 80 for details of your account.

All parties on a joint account can access information about the term deposit.

Call us anytime on 13 30 80. We'll let you know what documentation we require from you as proof of your change of name.

You can call us anytime on +61 2 8756 0855. However if you want to make transfers to and from your account abroad you'll need the mobile phone which is registered to your UBank account and also make sure your mobile is set to global roaming. We're committed to ensuring security for our customers so if you don't have your mobile with you, unfortunately we won't be able to complete the transfer.

Yes. You'll need the mobile which is registered to your UBank account and also don't forget to contact your phone provider and set your mobile to global roaming. We're committed to ensuring security for our customers so if you don't have your mobile with you, unfortunately we won't be able to complete the transfer.