UBank updates Ubank Savings Account (Everyday Bonus) to 4.85%
UBank has increased the rate on its Ubank Savings Account (Everyday Bonus) savings account by 25 basis points to 4.85% p.a., from a previous rate of 4.60%.
UBank
Ubank Savings Account (Everyday Bonus)
New Rate
4.85%
Illustrative Example
For illustrative purposes, a $10,000 deposit at 4.85% would earn approximately $485 per year in interest. That is $25 more per year compared to the previous rate.
Market Context
This rate of 4.85% is above the current market average of 4.63% across 67 tracked savings account products. The current market leader offers 5.40%.
Notes
Ubank is increasing its Everyday Bonus rate to 4.85% p.a. (up from 4.60% p.a.) on balances up to $1 million, effective 24 March. Subject to meeting bonus conditions. Base rate remains 0% if conditions are not met.
⚠️ General information only
This comparison is for informational purposes only and does not constitute financial advice. Always verify current rates and eligibility directly with the provider before making decisions. Consider whether products are appropriate for your circumstances.