Ubank Dropping Saving Rates

snappy1234 on 06/04/2014 - 17:16

Just saw on Whirlpool that Ubank is dropping the rate to 4.37 % for the ultra/usaver tied account :(

http://forums.whirlpool.net.au/forum-replies.cfm?t=2015569&p…

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Comments

  • donotuse on 06/04/2014 - 18:13
    +2

    GGGGGRRRRRRR Not happy. I bet they will not drop their home loan rates either!!!

  • superadmin on 06/04/2014 - 20:28

    Boo

  • c64 on 06/04/2014 - 21:08

    that's no good. my introductory mebank rate is due to expire at the end of this month and ubank was going to be my fallback

  • cloudy on 06/04/2014 - 22:38

    Time to buy more shares instead

  • lolmao on 07/04/2014 - 21:46

    gold!

  • Scrooge McDuck on 10/04/2014 - 21:11

    Uh-oh, time to look at alternatives.

    ME Bank is currently paying 2.9 + 1.7 = 4.6

    But that 2.9 is a variable rate which could drop like UBank's.

    • SBOB on 11/04/2014 - 19:34
      +1
      • thats only for a limited time ('x' months)..
  • The Batman on 12/04/2014 - 06:49

    Anyone having problems logging into the new website?
    I'm currently in WA btw.

  • shortgum on 09/05/2014 - 22:20

    already move money to MEBank 4.6

  • cashless on 14/10/2014 - 10:19

    Now going down to 4.02% wef from 14th October.
    This is a slippery slope

    • Super8Tab on 14/10/2014 - 11:38

      Is MEBank a better option?

  • leiiv on 14/10/2014 - 13:58

    Any better options yet?

  • jm48 on 14/10/2014 - 15:03

    Just got the 4.02% news by email.
    You have to give Ubank points for keeping "U informed" at least.

  • PoRKroLL on 15/10/2014 - 12:13

    I've now dumped my savings from uBank into my IMB FHSA. Works out to be better @ 3.25% (after 15% tax).

    Downside is can only access July next year.

    • Malarkey on 16/10/2014 - 10:54

      hmm I've been tempted to move some of my savings into my ME bank FHSA…. same interest rate as your iirc

  • c64 on 16/10/2014 - 10:41

    ingdirect maximiser is now 4% so there doesn't seem much reason to stash my money in ubank anymore

    • rickb on 19/10/2014 - 16:25

      ING requires $1000 per month versus UBank Ultra $200 per month

      • c64 on 20/10/2014 - 10:48

        personally i don't see that as a problem. ingdirect's very generous 2% paywave rebate + eftpos cashout bonus more than make up for any monthly deposit requirements or the negligible difference in interest rates

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