• long running

Save Account: 6.10% p.a. Interest for 4 Months on up to $1,000,000 (New Customers Only, $1/Month Balance Grow Required) @ ubank

271
Save Account: 6.10% p.a. Interest for 4 Months on up to $1,000,000 (New Customers Only, $1/Month Balance Grow Required) @ ubank
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capslock janitor on 03/10/2026 - 20:37 ubank.com.au (567 clicks)
Last edited 03/10/2026 - 20:47 by 1 other user

Our savings rates are increasing,

From 6 October 2026, our Everyday Bonus Rate will increase to 5.35% p.a. Customers receiving our Welcome Bonus Rate will earn 6.10% p.a. from that date.

You will require to grow the balance by $1 each month to be eligible for the bonus rate.

To be considered a new customer, you must not have held any Ubank branded products in the previous 24 months.

Also worth using a referral code in the random generator below

previous post https://www.ozbargain.com.au/node/942895

ubank Referrals

Referral: random (1223)

Referee: $30
Referrer: $30

after referee makes 5 settled card purchases within 30 days.

Financial Bank Account Savings Account

Related Stores

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Comments

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  • ConsumerOfPumpkinPie on 03/10/2026 - 20:43

    Obligatory HISA sheet link: https://docs.google.com/spreadsheets/d/145iM6uuFS9m-Rul65--e…

    • 17
    • Iggemo on 03/10/2026 - 21:34

      Thank you. I just finished my 4 months with Rabo so looking for a new one atm. Ubank is my usual but 5.35 isnt great just at the minute.

      • 1
  • cook99 on 03/10/2026 - 20:54

    Guess I found a new place to stash money for 4 months, see you again soon Macquarie

    • 5
    • chilln2006 on 03/10/2026 - 21:02

      Same here. hahaha

      • 0
    • SkyeMG on 03/10/2026 - 21:32

      you never had a ubank or previously closed ?

      • 2
      • GreenLego on 03/10/2026 - 21:47

        Yes, I thought everyone here already had UBank.

        • 1
      • cook99 on 04/10/2026 - 00:50

        Wife hasn't had ubank ever, and spare funds go there

        • 2
  • lawyerz on 03/10/2026 - 21:11

    Everytime the rates change I guess we're getting a deal per bank now…. For either savings or loan rates…

    • 1
  • Merlict on 03/10/2026 - 21:28

    Any signup bonuses better than $30?

    • 2
  • artcvan on 03/10/2026 - 21:43

    So unfortunate I signed up to Ubank right before their $50 sign-up bonus and now I have one month of 6.10%… nevertheless this is looking good

    • 0
  • minijumbuk on 03/10/2026 - 21:55

    I think we as a society need to collectively resist rewarding companies or even straight up ban business models that rely on "gotchas". There is no sensible reason why increasing your balance by $1 should be required.

    Just give customers a fair competitive rate and stop putting clauses in there to catch people out. It's disgusting.

    • 19
    • topherboi on 03/10/2026 - 22:23

      You're acting like the balance requirement is buried deep in their T&Cs, they're quite transparent with their bonus rate eligibility.

      • 0
      • DoctorCalculon on 03/10/2026 - 22:30

        I think you totally missed the point that @minijumbuk was making.

        It is the silly games these banks are playing, e.g. increase your balance by $1, $200, etc.
        FFS! Why is that even necessary?

        • 12
    • suti1 on 03/10/2026 - 22:41

      Requiring an increase in balance means the account is less rate driven for the purposes of APRA's APS210.

      • 0
      • minijumbuk on 04/10/2026 - 00:40

        Is it really though if it's $1 and the bonus rate makes up almost the entirety of the interest rate

        • 3
    • fry001 on 03/10/2026 - 23:23

      Fully agree. It wouldn’t be so bad if the bonus rate was say just 1% extra. So if you grow your balance you get 5.35% and if you don’t you get 4.35%. But to give nothing and just keep it all is greedy.

      • 1
    • starbearer on 04/10/2026 - 08:55

      totally agree, and thats why I don't bother with these and stick to Macquarie.

      Mental peace so much better while not chasing the last 0.1% and jumping these insane hoops every month

      • 0
    • SkyeMG on 04/10/2026 - 11:27

      It iz what it is,

      go into the position that can change this then

      • -1
  • SAU on 03/10/2026 - 22:33

    https://www.bankwest.com.au/savings-accounts/high-interest
    5.75 for 4 month if U bank is no go

    • 1
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