What Is The ubank Interest Rate Now? 2.85% or 3.35%

jjj123 on 12/10/2022 - 09:35

why my online ubank desktop version (original old Ubank) is still showing:

PLEASE NOTE INTEREST RATE EFFECTIVE FROM 01-Oct-2022 IS : 0.1 % P.A..
PLEASE NOTE INTEREST RATE MARGIN EFFECTIVE FROM 01-Sep-2022 TO 30-Sep-2022 IS : 2.75 %..

only adds up to 2.85%

https://www.ubank.com.au/banking/savings-account , current showing 3.35%, a 50bp gap not applied (RBA Effective Date 7 Sep 2022).

Financial Bank Account Savings Account

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Comments

  • avoidfullprice on 12/10/2022 - 09:40
    +5

    The new interest rate is with effective 1 Oct
    https://www.ozbargain.com.au/node/723196

    Once you activate the $200 deposit condition it will jump to the 3.35% rate. This is showing on my mobile app

    EFFECTIVE FROM 01-Sep-2022 TO 30-Sep-2022 IS : 2.75 %..

    You are looking at last month interest with last month bonus rate?
    https://www.ozbargain.com.au/node/716633

  • Stimps on 12/10/2022 - 09:43
    +3

    3.35%, or -4% in real terms.

  • kerfuffle on 12/10/2022 - 10:15
    +5

    This did not need a thread.

    You'd think for someone on old UBank they'd know how the interest rates are reported …

  • apsilon on 12/10/2022 - 12:55
    +2

    3.35 and going to 3.6 1st Nov

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