UBank Self-Managed Super Fund
If you’re managing your own super fund, a then UBank self-managed super fund term deposit account could be the ideal way to boost your retirement savings. With the benefit of higher rates of interest plus the safety of a NAB-backed, low risk account, your UBank super fund account could be earning more than you think.
Opening a UBank Self-Managed Super Fund Term Deposit Account
In order to open your UBank Self-Managed Super Fund term deposit account, you will need to verify that you have a complying SMSF where either you have trustees that are two individuals or a corporate trustee in which the company has two directors.
You should be able to link your UBank account to any other Australian bank account that is in the same name as your self-managed super fund, or in the same name of the trustees. This linked account is where your interest payments will be paid to.
UBank will also require that you deposit at least $10,000 of your super fund into a term deposit account in order to make the most of the high rates of interest your money can earn.
If you’re sure you meet the minimum criteria for opening a UBank self-managed super fund term deposit account, then simply submit your application online or you can apply over the phone.
What Terms Are Available?
The UBank self-managed super fund term deposit accounts are available for terms of 1 month, 3 months, 6 months, 9 months, 12 months or 24 months.
This can give you plenty of options as far as earning a good return on your superannuation savings, without the need to tie up your money for years at a time. In most cases, your interest is paid at the end of the term directly to the linked account you nominated.
Verifying Your Self-Managed Super Fund
You will need to provide evidence of the details of your self-managed super fund to qualify for this type of high interest account. UBank may require a certified copy of your SMSF trust deed, showing the name of the trust and naming the trustees and members of the fund.
When you nominate your linked Australian bank account, you will also need to provide a statement from that bank, showing that the account is either in the name of your SMSF or in the name of the trustees of the fund.
So if you want to boost your retirement savings, but not tie your money up for years at a time, the UBank Self-Managed Super Fund term deposit account could offer you the ideal way to get your super money working for you.
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Top High Interest Savings Accounts
All of these accounts are FREE to open and require no minimum deposit. They all have easy internet banking access with no transaction fees.
| Savings Account | Account Details | Maximum Variable Rate p.a. | Standard Variable Rate p.a. | Bonus Interest p.a. | Fees | Min Balance/Min Deposit | |
|---|---|---|---|---|---|---|---|
 UBank USaver | High ongoing rate of 5.41% p.a. Deposit $200 monthly to receive a bonus 0.60% p.a, taking this up to 6.01% p.a. Open online. | 6.01% | 5.41% | 0.60% | $0 | $0 / $0 |
 
|
 Virgin Saver Account | High introductory rate for 4 months to grow savings faster. | 5.85% | 4.65% | 1.20% | $0 | $0 / $0 |
|
 ANZ Online Saver | No min balance and earn up to 6.00% p.a. until 30 June 2012. Online exclusive offer. Apply online by 29 February 2012. | 6.00% | 4.25% | 1.75% | $0 | $0 / $0 |
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