March 2023. UBank Savings 4.35%
Ubank, a division of NAB, is increasing its savers bonus interest rate to 4.25% p.a. for eligible holders of a USave account.
This is in effect from 1 March 2023, for those who deposit $200 or more per month into any of their USpend or USave accounts.
The new bonus rate is 4.25% p.a. and is paid on balances up to $250K per customer on top of the 0.10% p.a. base rate.
This gives total interest of 4.35% p.a. on balances up to $250,000.
This is a result of the RBA increasing the cash rate target by 25 basis points to 3.35 per cent, on 7th February 2023.