UBank Save Account
savings accountlinked accountterms checked
Save Account is a savings account from UBank. It pays 5.60% p.a. on balances up to $1,000,000 in a month in which the conditions below are met; the feed states no rate for a month in which they are not; 6.50% for the first 4 months.
Rate tiers
Every balance band in the bank's feed: base is the rate when the bonus conditions are not all met, bonus the add-on for meeting them, conditional the two together, intro the rate in the introductory period.
| Balance | Base | Bonus | Conditional | Intro |
|---|---|---|---|---|
| $0 – $1,000,000stepped: paid on the part of the balance in this band | — | 5.60% | 5.60% | 6.50% |
| $1,000,000.01+stepped: paid on the part of the balance in this band | — | 0.00% | 0.00% | — |
The rates are stepped: each band's rate is paid on the part of the balance that falls in it, so a balance across several bands earns a blend of them.
The bonus rate is the whole rate paid in a month in which the conditions are met; the feed states no base rate, so what is paid in a month in which they are not met is not in it.
The bonus is paid on balances up to $1,000,000; the band above it shows what the feed states there.
The intro column is the rate for the first 4 months of a new account, an add-on to the conditional rate for that period; after it the account pays its conditional rate, 5.60% at $50,000.
Conditions
For the bonus rate
- grow the balance by $1 or more each month
In the bank's own words, as its feed states each condition on the bonus rate:
- balance growthCustomer must grow their total Save account balances by at least $1 each month, excluding interest credits.
Other conditions
- hold a Ubank Spend account
- open to Australian and New Zealand citizens and Australian permanent residents with an Australian residential address
Introductory rate conditions: Welcome Bonus for eligible new customers. Only paid when Bonus Interest criteria is met. Rates on Shared accounts may be different.
Features
- app
- yes
- Osko
- yes
- PayID
- yes
- notifications
- yes
- transactions
- unlimited
Fees, limits and who can open it
- monthly fee
- no monthly fee stated
- bonus paid up to
- $1,000,000
- interest paid
- monthly
- age
- ages 16 and over
- open to
- personal customers
- linked account
- a linked or nominated transaction account is required
Who can open it, in the bank's own words:
- residency: an Australian citizen or permanent resident with an Australian residential address
About this account
Save account
Data
- UBank's own page for this account.
- The bank's documents its product record links to: terms and conditions, fees.
- Our verbatim snapshot of the bank's product record (source), as fetched on 10 November 2026.
- We read the bank's own page and terms against this page on 1 November 2026: savings-account; conditions they state and its feed does not are listed above.
/au/finance/savings-accounts/v1/brands/ubank.json: this bank's accounts and every balance band as JSON; UBank's page lists them.- The bank last updated this record on 9 November 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.
Other accounts at UBank
- Bills Accountstale transaction account
- Spend Accountstale transaction account
All of UBank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.
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Deep Almanac is a secondary source and this page is provided for general information and reference. It is not financial, investment, legal, valuation, educational or other professional advice, and it is not a substitute for checking the original source. Rates change without notice, bonus interest is paid only in the months an account's conditions are met, and banks may apply conditions not captured here. You are responsible for any decision you or your software makes in reliance on this page. See our terms of use.