Ubank savings rate up again :)

[Old Techo]

I've used Ubank for a few years now. I don't think their savings rate can be beaten for an everyday account.

Next month I'll earn 3.85% and all I have to do is pay in $200 at the start of each month and I do that by ANZ's automatic process.

I can withdraw or pay bills without restriction.  They also run a debit card.

This is NOT a paid political advert but we are all looking for maximum return

We’ve got more good news for your savings. We’ll be increasing our bonus interest rate (yet again!) to 3.75% p.a.

We make it easy to grow your savings

From 1 December 2022, you can earn up to 3.85% p.a. on your USave account when you deposit $200 or more per month into any of your USpend or USave accounts.

The new bonus rate is 3.75% p.a. and is paid on balances up to $250K per customer on top of the 0.10% p.a. base rate.

Ubank, is a division of National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 (NAB). Credit is provided by AFSH Nominees Pty Ltd ABN 51 143 937 437 Australian Credit License 391192. Ubank is the mortgage manager for UHomeLoan products.

The information is general and doesn’t take your personal situation into account. Please take time to make sure it’s right for you.

Your privacy is important to us. For more information, see our privacy policy.

[Deleted]

That's interesting OT, going to look into that. Thanks for the info.

Regards,

[Old Techo]

Ubank savings rate up again.

Will be 4.6% from April 1st... and that's no joke

[legendts]

That rate is better than most 12 month term deposits and not locked away.

[Old Techo]

Ubank have been a bit miserable twice now.

An email this morn confirms their savings rate will go up on Dec 1st but only by 0.1% and not the RBA's 0.25%

So that will take it from 5.0% to 5.1%