UBANK and Term Deposits

Bill M said:

Just checked my UBANK statement online.

Be warned, as of today they dropped the interest rate down to 5.41% and that is including the bonus. They did not send any warning of this yet, just check your transactions list to verify.

The 6 Month Term Deposit is still 6.11%. I have a gut feeling this will be going down very soon too.

As a consequence I opened a 6 Month Term Deposit this morning, they are still the highest. I would move quickly if any of you want to lock in that 6 Month rate, not advice just a friendly reminder that rates are going down, cheers.

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Bill M said:

Hello Eager, I checked again, you are correct and now in the transactions it is showing 6.01% again.

I am absolutely sure it showed 5.41% this morning, maybe it was an error on their part and now it is rectified. Now I kind of wish I didn't do that term deposit but it might work in my favour anyway if rates drop on Tuesday.

Thanks again, 6.01% is much better than 5.41%, cheers.

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Bill M said:

Hello Eager, I checked again, you are correct and now in the transactions it is showing 6.01% again.

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Tyler Durden said:

It's 6.01% for me.

On topic of Ubank, recently it was 6.11% and their term deposits were lower than that. How does that make sense???

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Bill M said:

From who Bluey? Betashares?

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