ubank FAQs

Info on current ubank products

Does an offset account earn interest?

No, offset accounts do not earn interest. Instead, your linked Spend, Bills and Save accounts can offset the interest charged on your variable rate Flex home loan.

If you make your Save account an offset account, you will only receive the base interest earned in that month up until the change was made. No bonus interest will be paid for that month. You can choose to wait until the first day of the next month to make your Save account an offset account if you want to earn any payable bonus interest for the previous month.

Call us on 13 30 80 to link your new or existing ubank accounts to offset your loan.