Be rewarded with more interest on your USave savings account when you link it to a USpend transaction account and meet our bonus eligibility criteria.
Variable interest rate
Please note:
To open a USpend transaction account, you'll first need an active USave account and have verified your identity.
Step 1 - Open a USave
Complete our easy online application on your computer.
Open a USave in less than 5 mins.
Step 2 - Link a USpend
iOS Users
You can now easily link a USpend by downloading the UBank app, logging in and selecting ‘Open USpend Transaction Account’
Open and link a USpend via iOS App.
Android and Desktop Users
Why UBank?
More than 500,000 Australian customers
Award Winning Savings Account
Your money is safe
Government Guaranteed deposits up to $250K*
Trusted with more than $16 Billion in deposits
*The Commonwealth Government guarantee applies on deposit balances up to $250,000 per person per authorised-deposit taking institution.
We’re an Australian Bank with more than 200 local support staff
See how our rates stack up against our competitors
| Institution | Product | Maximum Interest rate p.a. | Standard Variable rate p.a. |
| UBank | USave + USpend | 1.60% | 0.54% |
| UBank | USave | 0.54% | 0.54% |
| ANZ | Online Saver | 0.95% | 0.05% |
| Bankwest | Smart eSaver | 0.91% | 0.01% |
| Bankwest | TeleNet Saver | 1.70% | 0.05% |
| BOQ | WebSavings Account | 0.01% | 0.01% |
| Citi | Online Saver | 2.05% | 0.35% |
| Commonwealth Bank | NetBank Saver | 1.05% | 0.05% |
| ING | Savings Maximiser | 1.80% | 0.10% |
| NAB | iSaver | 1.05% | 0.05% |
| Suncorp Bank | Everyday Options Sub-account | 0.10% | 0.10% |
| Westpac | eSaver | 1.05% | 0.05% |
Information accurate as at 29 May 2020. Source: CANSTAR
Note: Some rates displayed may include promotional/bonus rates. Competitor rates shown are as notified to CANSTAR during the previous business day.
Rates shown above are the nominal interest rates for amounts of $1,000. Interest is generally calculated daily and payable monthly, however, this may vary from institution to institution.
The USave with USpend maximum interest rate includes the bonus interest on your USave. To be eligible to receive the bonus rate you must first hold a USave account & USpend account, have deposited at least $200 to your USave or USpend account from an external source in the previous month and maintain a total balance of not more than $250,000 across all of your USaves / USpend (inclusive of all joint accounts).
The maximum interest rate of other financial institutions may include introductory rates that apply for a certain period of time and bonus rates (such as loyalty or savings bonuses) that apply after satisfying certain criteria. For terms and conditions of introductory and bonus rates, refer to each provider's websites.
Financial data provided by Canstar Research Pty. Ltd. AFSL and Australian Credit Licence 437917. See Canstar's FSG & Credit Guide
UHomeLoan info: Govt charges may apply. The comparison rate is based on a secured loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given & may not include all fees & charges. Different terms, fees or other loan amounts might result in a different comparison rate. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
The Apple logo and Apple Pay are trademarks of Apple Inc., registered in the U.S. and other countries. Google Pay, the Google Pay logo, Google Play and the Google Play logo are registered trademarks of Google LLC. Samsung and Samsung Pay are trademarks or registered trademarks of Samsung Electronics Co., Ltd.
