ubank ubank Save — Interest Rate & Review
ubank's Save account earns a bonus rate with a single, light monthly condition — grow your combined balance — with the bonus applying to a very high balance cap.
⏱ This is an introductory rate for 4 months. After that it reverts to the ongoing base rate of — — set a reminder to move your money or renegotiate.
ubank ubank Save at a glance
The conditions, in plain English
Everyday Bonus Rate | 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. | Welcome Bonus for eligible new customers beginning 11 November 2025. Only paid when Bonus Interest criteria is met. Rates on Shared accounts may be different.
ubank (NAB-owned), relaunched 2022. Data source: ubank Consumer Data Right product feed.
How it compares
| # | Bank & product | Max rate p.a. | Base rate | Conditions | Bonus cap | Fee |
|---|---|---|---|---|---|---|
| 1 |  RabobankRabobank High Interest Savings Account |
5.90%Introductory | 4.00% | Intro rate | $250,000 | No fee |
| 2 |  INGSavings Maximiser |
5.49%Bonus (conditional) | 0.01% | Monthly conditions | — | No fee |
| 3 |  MacquarieMacquarie Savings Account |
5.35%Introductory | 5.00% | Intro rate | $250,000 | No fee |
| 4 |  UpUp Saver |
5.35%Ongoing (unconditional) | 5.35% | No monthly conditions | $5,000 | No fee |
| 5 |  ANZ PlusANZ Plus Flex Saver |
5.10%Ongoing (unconditional) | 5.10% | No monthly conditions | $5,000 | No fee |
Sorted by maximum advertised rate (an objective sort, not a recommendation). “Max rate” is the highest rate the product can pay; most require monthly conditions or are introductory. Base rate is what you earn if conditions aren’t met / after the intro period. Figures from Open Banking feeds, 24 August 2026 — verify with the bank.
See the full savings account comparison →
ubank savings — FAQ
What is the ubank ubank Save interest rate?
As of 24 August 2026, the ubank ubank Save pays a maximum of 5.85% p.a. (introductory), with a base rate of —. Rates change with the RBA cash rate and out of cycle — confirm the current rate with the bank.
How do I earn the maximum ubank rate?
Everyday Bonus Rate | 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. | Welcome Bonus for eligible new customers beginning 11 November 2025. Only paid when Bonus Interest criteria is met. Rates on Shared accounts may be different.
Is there a balance cap on the ubank bonus rate?
Yes — the bonus rate applies on balances up to $100,000. Above that you earn the base rate.