This was posted 14 years 10 months 23 days ago, and might be an out-dated deal.

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UBank Term Deposit Upfront 0.10% p.a Bonus

58
UBank Term Deposit Upfront 0.10% p.a Bonus
Go to Deal
froddo on 13/06/2009 - 18:01 ubank.com.au (151 clicks)
19374

If you are considering opening a term deposit with UBank,
receive an upfront bonus of 0.10% pa added to their existing rates. (I havent seen any higher rates online)

  1. Visit http://ubank.com.au/friends
  2. Select "word of mouth" when answering "how did you hear about us?"
  3. Enter unique code of 19374 into the source code field
  4. Submit your application and transfer funds to UBank.

(obviously this depends on your personal situation to see if this product suits you)

Cheers,

(Edited by scotty — froddo also gets $30 referral if you use his code to sign up UBank)

Referral Links

Referral: random (1080)

Referrer and referee each receive $10 after referee makes 5 settled card purchases within 30 days.

Financial Term Deposit

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closed Comments

  • scotty on 13/06/2009 - 18:27
    +2

    Just wondering. What would you get, froddo? :)

  • SydGuy on 13/06/2009 - 18:31

    I'm still waiting for my 1GB USB Drive from these guys :(

  • froberts2 on 13/06/2009 - 18:38
    +5

    You forgot to mention that you make $30 out of each person that does this…

  • SydGuy on 13/06/2009 - 19:00
    +2

    -ve from me
    1) No Mention from froddo that he gets $30 for each referral
    2) There are better rates out there even when you take into account the extra .1% when you look on http://www.ratecity.com.au/term-deposits/

  • megaloman on 13/06/2009 - 19:02
    +1

    bankwest have online saving account (or similar) 4.75% pa provided no withdrawal every month.

    • scotty on 13/06/2009 - 20:06

      You do have to compare apple with apple though, i.e. term deposit vs. online saving account.

  • striker999 on 13/06/2009 - 19:21
    +1

    lol wow u didn't mention you get the cost
    and the deals not that good
    (N)

  • No on 13/06/2009 - 19:51

    0.10% = If you put $50,000 in you get $50?

  • the crocodile on 13/06/2009 - 19:53
    +3

    dishonest by hiding personal benefit

    • M27 on 13/06/2009 - 20:17

      agree!

  • froddo on 13/06/2009 - 19:53

    Appologies I did not include that I do get $30 for each succesful application. In return you get 0.1%.

    Please refer to SydGuys reply with using http://www.ratecity.com.au/term-deposits/
    to compare the best rates.

  • TeaEarlGreyHot on 13/06/2009 - 20:15
    +2

    I'm compelled to -ve this due to the apparent attempt by the OP to earn $$ from OzBargainers…
    I’ve always felt that an apology lacks sincerity if it has to be asked for.
    \_/7

  • applebyte on 13/06/2009 - 20:50
    -1

    every ubank "bargain" should be banned… all of them are crap

    • rmarsden on 13/06/2009 - 21:19
      +3

      I just checked this deal and it's the highest 3 months term deposit rate I can find on Ratecity. What's your gripe?

      • Lenneth on 13/06/2009 - 23:57
        +1

        Bankwest is higher and they dont lock you in for 3 months.

        Voting down because the rate isn't the highest (not a bargain) and also because I think it's underhanded to neglect to mention you get $$ out of it.

  • [Deactivated] on 14/06/2009 - 16:50

    hate it when people are trying to make profit from posting bargains

  • froberts2 on 14/06/2009 - 18:28
    +1

    I think this is a hard situation - on one hand it is win-win, whilst the poster does benefit, so does anyone that takes up this deal. On the other hand, the moment you start allowing people to benefit from their own posts you open the doors to people posting affiliate links and the like

    My take is that if it's not a "commercial" benefit that the poster is receiving (ie, affiliate links, their own business, etc), and as long as they state that they benefit in the original post, then I don't have an issue with this type of deal.

    And for those complaining that 0.1% isn't much, I can assure you that there's some of us here for who an extra 0.1% results in a non-trivial amount of extra interest.

    • scotty on 14/06/2009 - 19:49
      +1

      Indeed. See our Affiliation link posting guideline. It is not encourage because in many cases you can get rebate from MoneyBackCo. In situations where it's a win-win situation, make sure you state clearly that it's an affiliation link.

  • ggschenkel on 14/06/2009 - 20:01
    +1

    Hello people -

    This promotion from UBank that is referred to is designed to provide a benefit to friends & family of our customers. Friends & family get 0.10% p.a. additional interest, and the referring customer gets $30 per new customer (up to a limit of 10). The reason it's designed like that (with a flat fee for the referring customer) is because there are very strict rules about referral selling in Financial Services (to protect customers and applicants).

    Whether or not it's appropriate to post the offer here is for the community to decide (and as the discussion above shows, that's happening).

    Speak soon,

    Gerd Schenkel form UBank

    Terms & conditions apply.
    Any product offered does not take into account your personal situation.
    Refer www.ubank.com.au

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