Our savings rates have changed
From 15 July 2025, we’ve increased the amount of savings you can earn interest on; you’ll be able to earn up to 5.00% p.a. bonus interest for total combined savings balances between $0 – $1 million, instead of the previous limit of $250K. Additionally, we have simplified our bonus interest rate offer; all interest rate tiers up to $1 million will now have a single bonus interest rate.
Our great savings interest rate
What makes up our total interest rate
Bonus interest applies on your combined Save account balances when the Bonus Rate Criteria is met.
Welcome Bonus Rate, up to 4 months
$0 up to $1M | 5.00% p.a. |
5.00% p.a. | ||||
$0 | $100k | $250k | $1M |
Everyday Bonus Rate, ongoing
$0 up to $1M | 4.60% p.a. |
4.60% p.a. | ||||
$0 | $100k | $250k | $1M |
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How to get started with ubank
You can start using your Spend, Bills, and Save accounts in minutes.
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To join us, you’ll need to be over 16 years old and an Australian citizen or permanent resident.