Applications only available online - it's fast and simple

3 easy steps to apply online

Step 1.
Your personal details

You will need some personal details to complete your online application - such as your mobile number and email address.

Step 2.
Your term deposit details

How much money would you like to invest? For how long? These are the sort of questions you'll be asked here.

Step 3.
Confirm and submit

Check your details, and then you're done. You can transfer you money immediately after applying online and start earning interest sooner.

Before you start, you'll need:

  • A minimum of $1,000 to deposit.
  • An Australian bank account into which we can transfer your money and interest.
  • To be 18 years old or over.
  • To be an Australian resident.

Grow your money sooner

All our applications are online because 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 when you apply for a Term Deposit with UBank, you'll be given a BPAY reference number - so you can make your initial deposit straight away, and start earning interest FROM THE NEXT DAY.

There's no messing around. No waiting for cheques to clear. And no need to set up a direct debit. Just your money, growing at a great rate.

Of course you can still send us a cheque or make a direct deposit if you prefer. But if you want to start seeing your money grow sooner, setup a term deposit with UBank, and make an extra-fast BPAY deposit.