Summary

Lock in a fixed rate on a range of term lengths between 3 months and 3 years for deposits $1000 or more.

The UniBank Term Deposit can be opened with deposits starting from just $1,000 , up to a maximum balance of $1,000,000. You can choose between a range of term lengths, with special interest rate offers available for different terms.

Pros

Large range of term lengths available
No fees
Special rates for select terms
Higher rates available for members

Cons

Must become a member to access higher rates
No terms above 3 years available

Details

Key details

Product Name	UniBank Member Term Deposit
3 month interest rate	4.80%
4 month interest rate	4.80%
6 month interest rate	4.75%
7 month interest rate	4.00%
9 month interest rate	4.05%
12 month interest rate	4.60%
24 month interest rate	4.00%
36 month interest rate	4.00%
Minimum Opening Deposit	$1,000
Minimum age requirement	18
Government guarantee	Yes

Eligibility

Minimum Age Requirement	18
Joint account availability	Yes
Min Deposit	$1,000
Available to children	Not available for children

Key features

Terms from 3 month to 3 years

You can select how long you'd like to lock your funds away, from as little as 3 months to up to 3 years at a time.

Fixed interest rate

You'll earn a fixed interest rate on the term of your choice for the life of the term. This means the rate won't change for the life of the term, even if the bank changes its advertised rates.

Invest between $1000 and $499,999

You can open a UniBank term deposit with as little as $1000, or up to $499,999.

Interest payments

You can choose to have interest paid monthly, 12 monthly or at maturity, depending on how you'd like to manage your interest payments.

No account fees

There are no set up fees or monthly account keeping fees charged with this account. However, if you're not already a member you'll need to join first which does attract a one-off fee of $10.

Australian Government bank guarantee scheme

Your deposit up to $250,000 is protected under the government's bank guarantee scheme.

How to apply

You can easily apply online in a matter of minutes. First, you need to become a member which you can do by completing the online application form and paying a one-off membership fee of $10. You'll also have an Everyday Direct Account opened for you at this time. If you're already a member you can open a term deposit via Internet banking.

To become a member and open an account you'll need to meet the following eligibility criteria, and have the necessary documents handy.

Eligibility

You're over 18 years of age
You're a permanent Australian resident or Australian citizen

Documentation needed

Personal details including name, date of birth, phone number, residential address and email address
Personal ID in the form of a driver's license, passport or Medicare card

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Judo Bank Term Deposit Finder Award$1,000 min. deposit	3 Mths p.a. 4.95%	4 Mths p.a. -	5 Mths p.a. -	6 Mths p.a. 5.05%	7 Mths p.a. -	11 Mths p.a. -	12 Mths p.a. 5.00%	24 Mths p.a. 4.70%	Go to site More Info Compare
Newcastle Permanent Term Deposit $1,000 min. deposit	3 Mths p.a. 4.00%	4 Mths p.a. 4.00%	5 Mths p.a. 4.00%	6 Mths p.a. 4.75%	7 Mths p.a. 3.80%	11 Mths p.a. -	12 Mths p.a. 4.55%	24 Mths p.a. 4.00%	Go to site More Info Compare
Bankwest Term Deposit $1,000 min. deposit$10,000,000 max. deposit	3 Mths p.a. 3.75%	4 Mths p.a. 3.00%	5 Mths p.a. 3.00%	6 Mths p.a. 4.25%	7 Mths p.a. 4.00%	11 Mths p.a. -	12 Mths p.a. 4.70%	24 Mths p.a. 3.90%	Go to site More Info Compare

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Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full profile

UniBank Term Deposit

Pros

Cons

Key features

Terms from 3 month to 3 years

Fixed interest rate

Invest between $1000 and $499,999

Interest payments

No account fees

Australian Government bank guarantee scheme

How to apply

Eligibility

Documentation needed

Compare other term deposit accounts

Compare other products from Unibank

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