Finally on par with ING Bank, less the hassle of making 5+ transactions every month 😄
From July 1 2024, you can earn up to 5.50% p.a. on $0 to $100K of your savings.
Simply deposit $500 or more each month into any of your Spend, Bills or Save accounts, and you’ll start earning bonus interest on the money in your Save accounts – yep, it’s that easy! Don't miss getting our bonus interest rate, as from July 1st the base rate is 0%.
| Interest Tier | Amount | Bonus Interest |
|---|---|---|
| Tier 1 | $0 to $100,000 | 5.5% pa |
| Tier 2 | $100,000.01 to $250,000 | 5% |
| Tier 3 | $250,000.01 to $5,000,000 | 0% |
Just spoke to ubank, they explained that the daily balance is captured as of South Australian timezone. So if you’ve made big withdrawals just between 12AM and 12:30AM (AEST/AEDT) then you’ll miss out interest as if you have withdrawn on the previous day.