Skip to Content
  • Maximise your savings with minimum effort

    • No UBank fees on international purchases
    • No monthly fees
    • Australia’s Best Savings Bank
    Earn up to

    USaver + Ultra

    2.10% p.a.

    Variable interest rate

How to get 2.10% p.a. variable rate on your USaver savings account

*How to qualify for the 2.10% p.a. bonus rate


Open a USaver savings account and link an Ultra transaction account.


Deposit at least $200 per month

Deposit at least $200 during the month into your Ultra transaction account or its linked USaver savings account from a non-UBank account (for example your salary).


Keep your account balance at $200,000 or less

Maintain a total balance of not more than $200,000 including USaver and Ultra, inclusive of all joint accounts.

Please note:

  • The bonus variable interest of 1.06% p.a. will be applied to balances held in your USaver savings account (and not your Ultra transaction account).

  • If you meet the bonus rate criteria this month, you’ll earn bonus variable interest on your USaver savings account from the 1st of the following calendar month.

  • You’ll have to keep meeting the criteria each month to remain eligible for bonus variable interest the following calendar month.
UBank Banking App Interface

Why UBank?

tick icon

More than 500,000 Australian customers

tick icon

More than 10,000 customers joining every month

Your money is safe

tick icon

Government Guaranteed deposits up to $250K*

tick icon

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

Canstar Savings Bank Of The Year 2015-2019

No UBank fees anywhere, in OZ or abroad

Fee-free transactions around the globe, meaning you can shop, eat and explore just like at home


Buying online from overseas


No ATM withdrawal fees at over 10,000 NAB, ANZ, CBA and Westpac Group ATMs


Taking out cash at foreign ATMs

Note: ATM operators may charge you a fee when using their ATM. Plus, physical and online stores may charge you a fee for paying with VISA Debit card (rather than cash).

See how your money can grow

Join one of the fastest growing Australian digital banks

About us

We’re an online bank and, since we have no branches, we have fewer costs than traditional banks. We pass these savings straight to you by offering great rates backed up with real, Australian based support.

UBank Team
Channel 7
Barefoot Investor
Channel 9

Things you should know

Any advice on this webpage has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice on this webpage, you should consider whether it is appropriate for your circumstances. We recommend that you read and consider the Terms and Conditions for Transaction Accounts, the Terms and Conditions for Savings Accounts and our Financial Services Guide available on our website before making any decision. Our transaction and savings products are issued by UBank. UBank is a division of National Australia Bank Limited ABN 12 004 044 937, AFSL and Australian Credit Licence 230686.

Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries. Google Pay is a trademark of Google LLC.

Canstar Savings Bank Of The Year 2015-2019