UBank has two Self Managed Super Fund (SMSF) products which are the UBank Term Deposit for SMSF and USaver SMSF. Through these SMSF products, customers can invest money from their Self Managed Super Fund and earn higher returns on their retirement plans.
UBank is backed by NAB, which is one of Australia’s largest and most credible banks. UBank operates on the direct banking model and therefore has no physical bank branches. It makes use of latest internet technologies to provide a very user friendly online banking experience.

Self Managed Super Fund (SMSF)
Due to recent policy changes, Australian citizens can now manage their own retirement funds. As the investment decisions can be made by the retirement fund policy holder, this fund is termed as Self Managed Super Fund and is also commonly called a “Do It Yourself (DIY) Super” or “Self Managed Super”. Direct control in the selection of investments made into this fund is the main advantage. Previous to this, funds were managed by large corporate entities and individuals had no say in how their retirement funds were managed.

UBank Term Deposit for SMSF
With a UBank Term Deposit for Self Managed Super Fund, customers can safely invest their retirement money and earn with an assured rate of interest. The term deposits can be chosen for periods of 1, 3, 6, 9 and 12 months. During the tenure of the deposits, an assured high rate of interest is guaranteed by UBank irrespective of the turmoil of financial markets.
Another advantage is that these term deposits for the Self Managed Super Fund do not attract any fees. Retirement funds from the SMSF account can be invested into Term Deposits up to a maximum of $1 million. These term deposits are also covered by the Australian government guarantee and are therefore considered to be a very safe and secure way to invest retirement funds and earn interest without any worry.

When users rollover 100% of their initial Term Deposit, UBank provides an additional Loyalty Bonus of 0.10% p.a., which is additional to the current rate being paid.

The UBank website has user friendly online calculators that display the earnings on the term deposit. These can be calculated for different principal amounts and varying time durations. SMSF users can easily calculate their earnings and can therefore plan out their retirement earnings from the Term Deposit for Self Managed Super Funds.

With a direct banking account with UBank, all these financial transactions are made possible with a fast and secure online banking system. After all the documents are verified and approved by UBank, users can make term deposits for their SMSF and start earning interest from the very next day. UBank’s superior online banking system generates all information and regular reports and updates on investment returns. Account holders can then access these reports by email, SMS or secure mail. UBank’s Australia based dedicated call center works 24X7 and therefore customers take the advantage of calling in for any assistance any time of the day or night.
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