From Monday October 11, we’re making some changes to our USave and USaver SMSF rates.

We regularly review our interest rates to make sure we’re offering competitive rates to both our home loans and savings customers. We have to strike the right balance between delivering great value to our customers, responding to changing market conditions and managing our business sustainably.

What’s changing?

  • Our USave base variable interest rate will be reduced by 0.05% p.a.
  • Our USaver SMSF base variable interest rate will be reduced by 0.05% p.a.

We continue to offer bonus interest of 1.00% p.a. to eligible USave customers and 0.20% p.a. to eligible USaver SMSF customers when they meet the monthly eligibility requirements.

What date will the new rates be effective from?

Monday, 11 October 2021

Who do these changes apply to?

All USave and USaver SMSF customers.


Eligibility criteria apply to bonus interest o­ffers and are available at Consider if these products are right for you by reading the relevant product terms and conditions, available here, before deciding. The product issuer is UBank, a division of National Australia Bank Ltd ABN 12 004 044 937. Target Market Determinations for UBank’s products are available at