UBank "enhancing" savings rates April 1 2025

[DejaBrew]

Received an EDM this morning from UBank confirming they're "enhancing" their savings rate from April 1st (no joke!).



With tiers, different amounts of your savings will earn different rates

• If you have $250K in savings you could get a blended rate of 4.83% p.a.
• If you have $50K in savings you would get 5.10% p.a.

No other changes at this time.

 

[Steady]

Received an EDM this morning from UBank confirming they're "enhancing" their savings rate from April 1st (no joke!).

View attachment 436919

With tiers, different amounts of your savings will earn different rates

• If you have $250K in savings you could get a blended rate of 4.83% p.a.
• If you have $50K in savings you would get 5.10% p.a.

No other changes at this time.

The screenshot says $110K to $250K 4.65% but you listed 4.83% -is that a typo?

 

[DejaBrew]

The screenshot says $110K to $250K 4.65% but you listed 4.83% -is that a typo?

4.83% is a blended interest rate that considers interest paid on the two tiers of savings.

 

[SYD]

ING dropped their Savings Maximiser rate to 5.4% (first $100k) also.