UBank updates Save account to 5.35%
Published 4 February 2026Effective 10 February 2026Savings
UBank has increased the rate on its Save account savings account by 25 basis points to 5.35% p.a., from a previous rate of 5.10%.
UBank
Save account
New Rate
5.35%
Previous rate: 5.10%+0.25%
Illustrative Example
For illustrative purposes, a $10,000 deposit at 5.35% would earn approximately $535 per year in interest. That is $25 more per year compared to the previous rate.
Market Context
This rate of 5.35% is above the current market average of 4.63% across 67 tracked savings account products. The current market leader offers 5.40%.
⚠️ 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.