At a glance
- Up to
- 5.35%
- Bonus rate
- 5.35%
- Intro rate
- 0.90% for 4 mo
How it compares
This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Bonus savings accountBase plus bonus, when every condition is met | 5.35% | 5.75%Defence Bank Limited's iSaver | 5.25%of 51 institutions | 13th highest of 51, level with 7 others |
Rates
Every rate UBank publishes for this account, 8 in all.
How the rate is made up
5.35%in a month every condition is met
0.00% base rate5.35% bonus, when its conditions are met
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| BonusEveryday Bonus Rate | - | - | up to $100,000 | 5.35% | - | paid every 1 mo; Customer must grow their total Save account balances by at least $1 each month, excluding interest credits. Does not include accounts that are linked as offsets at the end of the month. |
| BonusEveryday Bonus Rate | - | - | $100,000–$250,000 | 5.35% | - | paid every 1 mo; Customer must grow their total Save account balances by at least $1 each month, excluding interest credits. Does not include accounts that are linked as offsets at the end of the month. |
| BonusEveryday Bonus Rate | - | - | $1,000,000+ | 0.00% | - | paid every 1 mo; Customer must grow their total Save account balances by at least $1 each month, excluding interest credits. Does not include accounts that are linked as offsets at the end of the month. |
| BonusEveryday Bonus Rate | - | - | $250,000–$1,000,000 | 5.35% | - | paid every 1 mo; Customer must grow their total Save account balances by at least $1 each month, excluding interest credits. Does not include accounts that are linked as offsets at the end of the month. |
| IntroductoryWelcome Bonus for eligible new customers. Only paid when Bonus Interest criteria is met. Rates on Shared accounts may be different. | - | 4 mo intro | up to $100,000 | 0.90% | - | paid every 1 mo |
| IntroductoryWelcome Bonus for eligible new customers. Only paid when Bonus Interest criteria is met. Rates on Shared accounts may be different. | - | 4 mo intro | $100,000–$250,000 | 0.90% | - | paid every 1 mo |
| IntroductoryWelcome Bonus for eligible new customers. Only paid when Bonus Interest criteria is met. Rates on Shared accounts may be different. | - | 4 mo intro | $1,000,000+ | 0.00% | - | paid every 1 mo |
| IntroductoryWelcome Bonus for eligible new customers. Only paid when Bonus Interest criteria is met. Rates on Shared accounts may be different. | - | 4 mo intro | $250,000–$1,000,000 | 0.90% | - | paid every 1 mo |
Rate changes
6 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 10 Oct 2026 | Introductory, 4 mo intro, up to $100,000 | 0.75% | 0.90% | up 0.15 |
| 10 Oct 2026 | Introductory, 4 mo intro, $100,000–$250,000 | 0.75% | 0.90% | up 0.15 |
| 10 Oct 2026 | Introductory, 4 mo intro, $250,000–$1,000,000 | 0.75% | 0.90% | up 0.15 |
| 6 Oct 2026 | Bonus, up to $100,000 | 5.10% | 5.35% | up 0.25 |
| 6 Oct 2026 | Bonus, $100,000–$250,000 | 5.10% | 5.35% | up 0.25 |
| 6 Oct 2026 | Bonus, $250,000–$1,000,000 | 5.10% | 5.35% | up 0.25 |
Each change is logged the night it appears in the rates UBank publishes. See how every lender answered the RBA on the rate tracker.
Features
Instant paymentsPayIDDigital bankingFraud protectionUnlimited transactions
Eligibility and limits
- Minimum age 16
- Residency: an Australian citizen or permanent resident with an Australian residential address
- Available to individuals
Compare it with others
Put this product through a calculator
Published by UBank under the Consumer Data Right, last changed by them on 9 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.