Earn up to 2.85% p.a.
From 1 September 2022, we’ll be increasing our bonus interest rate to 2.75% p.a. for both our Save and USave accounts. Our base rate will remain at 0.10% p.a., meaning you’ll be able to earn interest up to 2.85% p.a. across all your eligible ubank accounts.
Compare our savings accounts
USave + USpend
Earn up to 2.35% p.a.
Variable rate includes 2.25% p.a. bonus interest for eligible customers
A USave savings account and a USpend transaction account.
A no-nonsense savings account with a base variable interest rate.
Variable interest rate
Up to 2.35% p.a. on your USave (for eligible customers only)
Maximum account balance for the bonus interest
$250,000 across your USave and USpend accounts
No monthly account fees
Visa Debit card
Apple Pay & Google PayTM
No ubank international fees
Bonus variable interest rate
How to earn up to 2.35% p.a. variable rate on your USave if you have a linked USpend account
Your existing USpend transaction account must be linked with your existing USave savings account*.
Deposit at least $200 per month
Deposit at least $200 each month into your USpend or its linked USave from a non-ubank account (for example your salary).
Bonus variable interest rate applied to a combined USave balance of up to $250,000
The bonus variable interest rate will be applied to a combined balance of up to $250,000 held in your USave savings accounts, including joint accounts. Any remaining balance greater than $250,000 will earn the USave base variable rate.
*You’ll need to be an existing customer and have a USave account linked to a USpend account to be able to earn the bonus variable interest. USave and USpend accounts are no longer available for new customers. If you have a USave but not a USpend, you will not be eligible to earn the bonus variable interest. The bonus variable interest rate of 2.25% p.a. will be applied to eligible balances held in each of your USave savings accounts (and not your USpend transaction account). If you meet the bonus interest criteria in the current calendar month, you’ll earn bonus variable interest on eligible amounts in your USave accounts for that month. The interest will be paid in two credits into your accounts:
- The first is interest calculated using the base variable rate
- The second is interest calculated using the bonus variable rate
You’ll have to keep meeting the criteria each month to remain eligible for bonus variable interest in that month.
USave and USpend interest rates
See how our rates stack up
|Account||Maximum interest rate p.a.||Standard variable rate p.a.|
USave + USpend
The USave with USpend maximum variable interest rate includes the USave Savings Bonus variable interest rate. For eligible customers, bonus interest is paid on eligible balances in the USave account only. To be eligible to receive the USave bonus interest rate in a calendar month, you must hold a USave account & USpend account and have deposited at least $200 to your USave or USpend account from an external source that month. The bonus variable interest rate will be applied to a combined balance of up to $250,000 held in your USave savings accounts, including joint accounts. Any remaining balance greater than $250,000 will earn the USave base variable rate. You’ll have to keep meeting the criteria each month to remain eligible for bonus variable interest in that month.
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