Find UBank Interest Rates

So it’s come down to the interest rates and you need to compare the best rates, on the best products from the best providers to secure your financial future or achieve your savings dreams. When comparing the UBank interest rates on their saving and term deposit account products, we’ll also give you all the information right here to compare:

• UBank interest rates on savings accounts.
• UBank interest rates on term deposit accounts from one month to 12 months.
• The UBank Rate Assurance on their USaver high interest savings account rates.
• The UBank Savings Bonus on their USaver high interest savings account, and how to qualify.
• The UBank Loyalty Bonus on their term deposit accounts.

UBank USaver Interest Rate

The interest rates on the UBank USaver are some of the highest and best! Get a great high base interest rate, team with a bonus savings maximiser you get one of the highest rates on the market today!

• Maximum Rate: 6.01%
• Standard Variable Rate: 5.41%
• Bonus Rate: 0.60%
• Monthly Account Fees: $0
• Minimum Balance: $0
• Minimum Deposit: $0

Read the UBank USaver terms and conditions

Current UBank Interest Rates

Interest rates on all financial products change daily and go up and down depending on Reserve Bank decisions, the economy and the competition so on the day you decide to open a new online savings account or start a term deposit investment, you’ll need to check the current UBank interest rates of the day. However, to give you an idea of how competitive the UBank interest rates are today, as well as the measures UBank takes to ensure their rates remain competitive on any given day, read on.

UBank USaver high interest savings account interest rate and features:

• The current interest rate on the USaver account is 6.01%, calculated daily and paid monthly.
• If you make deposits of $100 or more in a month, you will receive a Saving Bonus of 6.01% interest the following month.
• The USaver account comes with a Rate Assurance from UBank, that if ING Direct, Bankwest, Commonwealth Bank, Westpac or ANZ raise the interest rate on their online savings account, UBank will raise their rate too, until 31 March 2010.

UBank term deposit account interest rates and features:

• UBank term deposit accounts require a minimum investment of $1,000.
• In a one month term deposit you can earn 3.36% interest.
• In a three month term deposit you can earn 5.61% interest.
• In a six month term deposit you can earn 5.91% interest.
• In a nine month term deposit you can earn 5.41% interest.
• In a 12 month term deposit you can earn 5.41% interest.
• The UBank interest rates for term deposits are all per annum rates.
• You can earn an additional 0.10% interest as a Loyalty Bonus when you roll over 100% of your term deposit at maturity.

How to Maximise Your Interest Rates

As well as looking for savings and term deposit accounts with bonuses and special offers like those from UBank, there are several other ways you can maximise your interest earnings on your savings and investments.

Maximise the interest on your high interest savings account:

• Nominate a fast access linked account. The time your money spends in transition from your transaction account to your savings account is time that it’s not earning interest. Therefore, make sure you link your high interest savings account to a transaction account with the same provider, as transfers will be instant, or to one with the shortest transfer processing time.
• Make regular deposits as interest is calculated daily. This means that every day your balance increases, so too does your interest earned. Then you are able to earn even more compounding interest the following day and the following day as your balance and your interest both increase and compound.

Maximise the interest on your term deposit account:

• Choose the longest term, the highest investment and the fewest payment options. These choices will make you eligible for the highest interest rates on offer as the term deposit providers want to encourage large, long term investments with minimal interest returns paid during the term, and are willing to reward you for your choices.
• Choose the term, investment and payment options which are best for you. If you have to access your term deposit during your term, your interest rate will be penalised. Therefore, to maximise your interest earnings on a term deposit, make sure you don’t need to touch your investment until the end of the term by choosing terms, and investment options you can afford in your monthly and yearly budget.

To find out more about the UBank interest rates on the savings or investment product which best suits you, follow our secure links for more information and an online application form so you can enjoy the benefits and the bonuses from UBank today.