this post was submitted on 16 Jul 2025
4 points (83.3% liked)

AusFinance

1164 readers
3 users here now

founded 2 years ago
MODERATORS
lodion@aussie.zone
Los@beehaw.org
4
Ubank savings rate changes (www.ubank.com.au)
submitted 2 weeks ago by MHLoppy@fedia.io to c/ausfinance@aussie.zone
4 comments fedilink hide all child comments
 

Summary of changes:

  • Interest can now be earned on balances up to $1 million (up from $250,000).
  • Interest rate is now flat up to $1 million (instead of progressively lower for higher balances).*
  • Bonus interest rate activated by growing account balances by $1 (instead of by depositing $500 per month regardless of withdrawal).**

* But the interest rate has been lowered, so if you're one of those peasants who doesn't keep a cool mil in your bank account, you'll probably have a lower effective interest rate now
** this change only applies from October onwards.

you are viewing a single comment's thread
view the rest of the comments
[–] hanrahan@slrpnk.net 1 points 18 hours ago* (last edited 18 hours ago)

Macquarie is probably your best option then? Zero hoops 4.5% (cirrentky) and a ceiling of $2Million

http://archive.today/66aXI