If I link my save account to my loan as an offset, how does this affect me earning interest?
If you link your Save account to your Flex Variable loan as an offset there are two things you should know. In the month that you link, and from then on, you won’t earn interest on that Save account and, from 1 October 2025, any changes to the balance of that Save account won’t be taken into account when working out if you have met the bonus interest criteria.
If you delink your Save account after 1 October 2025, any changes to the balance of that Save account during that month will be taken into account when working out if you have met the bonus interest criteria.
You can link your new or existing Ubank accounts to offset your loan in the app, or call us on 13 30 80 to link your accounts. We’re available during our opening hours.