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Green Term Deposit

Calculate term deposit interest for UBank

Deposit amount

Savings term

months

Pros and Cons

Pros:
  • Covered By government guarantee
  • Interest can be paid to other institution
Cons:

    UBank term deposit rates

    Savings Term
    $1,000 - $2,000,000
    2 months 2.00%
    5 months 2.40%
    7 months 2.45%
    8 months 2.45%
    10 months 2.45%
    11 months 2.45%

    Features

    Fees

    FAQs

    The term deposit rate is the agreed interest rate for your term deposit. It remains fixed for the term of the deposit.

    For example, if you deposit $5,000 for 12 months at a 2.5 per cent term deposit rate, that 2.5 per cent term deposit rate will be fixed for the entire 12 months and won’t change until the term matures.

    The term deposit rate is one of the most important factors to consider when comparing your term deposit options. The general rule of thumb is that the longer the term, the higher the term deposit rate.

    Term deposits are a popular type of investment because they’re safe and provide reliable returns.

    The return you get on your term deposit will be determined by the amount you initially invest, the amount of time you choose to invest it for, and the term deposit rate.

    Details  
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