The UBank brand of National Australia Bank surpassed A$7 billion in deposits, the bank's finance director, Mark Joiner, told an investor briefing yesterday. "A good chunk of the growth has been coming through UBank and iSaver," Joiner said. "UBank's now well over $7 billion and iSaver has been taking a decent amount, so [there's] not a particularly large amount coming in [via] the transaction accounts themselves. "It's very pleasing though to be attracting new customers at such a high rate." Joiner said customers activated 80 per cent of new accounts opened. The average balances coming into new accounts were "almost identical" to the bank's average, he said. NAB management made no mention of the delayed introduction of the home loan planned for the UBank stable. Banking Day reported on Thursday that the launch of this was likely within days. On Monday, the Financial Review quoted NAB management as saying the new home loan product was expected to reach the market by the end of March.