UBank's interest rate will fall on 9 March 2020. UBank also announced it would cut its variable home loan interest rates by 25 basis points on 3 April, a whole 31 days after the RBA rate cut. UBank also drops deposit rates. UBank also announced it would be cutting term deposit. This product can be availed by a customer of aged 18 years and above to allow them to put their savings in a secure term deposit to earn profit on monthly basis. The investment can be done for the tenure of 12 months, 24 months & 36 months at an attractive profit rate with the minimum deposit of amount PKR 10,000/. I have used Ubank for many years, both personally and in my SMSF. On renewal I noticed the rate for my SMSF is 2.7 compared to 2.85 for a personal term deposit. ING rate is higher, so I guess I have to change.
U Bank’s Sila term deposit enables its customer to earn maximum profit on their idle funds. Sila term deposit provides a secured return over a range of fixed terms that is not exposed to market fluctuations to each individual account holder
Salient Features:
- Profit up to 10.5% p.a.
- Minimum Investment limit PKR 100,000/-
- Profit payment at maturity or annually
- Investment for tenure from 3 months up to 36 months
- Instrument issued in multiples of PKR. 100,000.
- Maximum Investment limit PKR 100,000,000/-
Free Services
- Free Debit Card
- First free cheque book (25 leaves)
- 2 free interbank fund transfer(s) per month
- 2 free pay order per month
Ubank Term Deposit Rates
Samar is a monthly payout term deposit product. This product can be availed by a customer of aged 18 years and above to allow them to put their savings in a secure term deposit to earn profit on monthly basis. The investment can be done for the tenure of 12 months, 24 months & 36 months at an attractive profit rate with the minimum deposit of amount PKR 10,000/-
Salient Features:
![Term deposit rates ubank australia Term deposit rates ubank australia](https://www.ubank.com.au/content/ubank/en/banking-overview/term-deposits/what-is-a-term-deposit/_jcr_content/par-col-body-2/bootstrap_row/col1/bootstrap_text_image/image.img.jpg/1612753949259.what-is-a-term-deposit-article-banner.jpg)
- Profit up to 10% p.a.*
- Monthly Profit payment
- Minimum Investment limit PKR 10,000/-
- Multiple tenures and maturity options of 12 months, 24 months & 36 months
- No Maximum limit on investment
- Profit withdrawal option through ATM debit card and cheque book
- IBFT Facility (for U paisa Customers)
Free Services
Term Deposit Rates Ubank Australia
- Free Debit Card
- First free cheque book (25 leaves)