National Australia Bank collected $500 million in deposits through its UBank brand in its first month of operation, the Financial Review reported.UBank has trimmed the aggressive pricing on its term deposits since debut. At the beginning of October the three-month rate was 8.5 per cent, or 1.5 percentage points more than the RBA cash rate, a rate that held for a time after the cut in the RBA cash rate in the days after the brand's debut. The three-month rate is now 7.05 per cent, or 1.05 percentage points more than the cash rate.Term deposits remain the only product offered through UBank.NAB is yet to introduce an internet banking feature as a service option for the brand. Meanwhile the Financial Review also reported that NAB remained in talks with GE Money over a possible purchase of Wizard Home Loans from GE Money, though NAB no longer has the right to negotiate exclusively, according to the newspaper's Street Talk column.