Be rewarded with more interest on your USave savings account when you link it to a USpend transaction account and meet our bonus eligibility criteria.
Variable interest rate
Government guaranteed
deposits up to $250k*
Over 600,000
customers
We're an Australian
bank with local
onshore support
*The Commonwealth Government guarantee applies on deposit balances up to $250,000 per person per authorised-deposit taking institution. Learn more
Please note:
To open a USpend transaction account, you'll first need an active USave account and have verified your identity.
Step 1 - Open a USave
Complete our easy online application on your computer.
Open a USave in less than 5 mins.
Step 2 - Link a USpend
iOS Users
You can now easily link a USpend by downloading the UBank app, logging in and selecting ‘Open USpend Transaction Account’
Open and link a USpend via iOS App.
Android and Desktop Users
Why UBank?
More than 500,000 Australian customers
Award Winning Savings Account
Your money is safe
Government Guaranteed deposits up to $250K*
Trusted with more than $16 Billion in deposits
*The Commonwealth Government guarantee applies on deposit balances up to $250,000 per person per authorised-deposit taking institution.
We’re an Australian Bank with more than 200 local support staff
See how our rates stack up.
| Institution | Product | Maximum Interest rate p.a. | Standard Variable rate p.a. |
| UBank | USave + USpend | 1.10% | 0.10% |
| UBank | USave | 0.10% | 0.10% |
The USave with USpend maximum variable interest rate includes the USave Savings Bonus variable interest rate. For eligible customers, bonus interest is paid on eligible balances in the USave account only. To be eligible to receive the USave bonus interest rate in a calendar month, you must hold a USave account & USpend account and have deposited at least $200 to your USave or USpend account from an external source that month. The bonus variable interest rate will be applied to a combined balance of up to $250,000 held in your USave savings accounts, including joint accounts. Any remaining balance greater than $250,000 will earn the USave base variable rate. You’ll have to keep meeting the criteria each month to remain eligible for bonus variable interest in that month.
UHomeLoan info: Credit is provided by AFSH Nominees Pty Ltd Australian Credit Licence 391192. UBank is the mortgage manager for UHomeLoan products. Govt charges may apply. The Comparison rate is based on a secured loan of $150,000 over the term of 25 years. ^WARNING: This Comparison rate applies only to the example or examples given. Different amounts and terms will result in different Comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison rate but may influence the cost of the loan.
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