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Become a better saver with our award-winning Save account

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.

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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
Earn an extra 0.40% p.a. on the Everyday Bonus Rate for the offer period. After the offer period ends the Everyday Bonus Rate applies. See the Offer terms and conditions.

Everyday Bonus Rate, ongoing

 
$0 up to $1M 4.60% p.a.
 
4.60% p.a.
$0 $100k $250k $1M
The Everyday Bonus Rate applies on the portion of your combined savings balance up to $1M. The portion of your savings over $1M earns no interest.
Rates are variable and subject to change. Interest is calculated on your combined savings balance for each day and paid monthly on savings up to $1M per customer. Check out our FAQs to see what makes you eligible for bonus interest.

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How to get started with ubank

You can start using your Spend, Bills, and Save accounts in minutes.

To join us, you’ll need to be over 16 years old and an Australian citizen or permanent resident.

FAQs

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