How do I earn bonus interest?
Until 30 September 2025, to earn our bonus interest rates on your Save accounts, you must have a Spend account and deposit at least $500 each month into any of your Spend, Bills or Save accounts before 11:30pm (Sydney time) on the last day of each month.
The $500 deposit must not come from your other Ubank accounts.
From 1 October 2025, in order to earn bonus interest, as well as having a Spend account, you’ll need to grow your combined balance across all your Save accounts (excluding accounts that are linked as offsets at the end of the month) by at least $1 each month. A reminder that interest doesn’t count towards this $1.
Just remember, bonus interest is only paid on combined balances up to $1M per customer. Also, don’t forget that, even if you meet the bonus interest criteria, if you switch a Save account to an offset account or close it during a month, interest is not payable on that account for that month.