Unlock the potential of your savings with the unbeatable Ubank Bonus Interest Rate and start earning more on your hard-earned money today!
Saving money is a critical aspect of financial planning, but the type of savings account you choose can greatly impact your savings potential.
High-interest savings accounts, or high-yield savings accounts (HYSA) offer the potential for higher returns on your money, making them a great choice for those looking to grow their savings quickly.
In Australia, there are many options for high-interest savings accounts, but the uBank Saver Account stands out with its base interest rate of 0.1% and a bonus interest rate of 4.25%. You can access the Ubank Bonus Interest Rate simply by depositing at least $200 per month into the account.
With such a high bonus interest rate, the uBank Saver Account is a top option for anyone looking to grow their savings.
Minimal Eligibility Requirements for the Ubank Bonus Interest Rate
Ubank makes accessing the bonus interest rate on the Saver Account easy, as you only need to make a monthly deposit of $200. This is significantly lower than the deposit requirements of other banks like ING, Commonwealth, and AMP, making the Ubank Saver Account more accessible to those with limited funds.
In addition, as an online-only account, there are no monthly account-keeping fees or branch visit fees, allowing you to keep more of your hard-earned money.
Unlike other banks, you won't need to worry about maintaining a large balance or making a high number of transactions to access the Ubank Bonus Interest Rate. Simply depositing $200 per month into the account is all you need to do.
This makes the Ubank Saver Account more competitive compared to other banks like ING, Commonwealth, and AMP for several reasons:
- Lower Deposit Requirement: The uBank Saver Account requires a monthly deposit of only $200, while other banks like ING, Commonwealth, and AMP may require a higher monthly deposit or larger balance to be maintained. For example, AMP offers a lower bonus interest rate of 4.10% but requires a monthly deposit of $1,000.
- No Minimum Balance: Ubank does not require a minimum balance to be maintained in the Saver Account to access the bonus interest rate, unlike other banks.
- No Transaction Requirements: Other banks may require a minimum amount of transactions to access their bonus interest rate. For example, ING offers a bonus interest rate of 4.55%, but you must deposit $1,000 into your account each month and make a minimum of 5 transactions from a linked ING spending account. With Ubank, you don’t need to make any transactions with a linked spending account to access the Ubank Bonus Interest Rate.
- No Fixed Term: The uBank Saver Account allows you to deposit and withdraw funds at any time, without being locked into a fixed term. Other banks may require you to maintain a fixed term deposit to access the bonus interest rate.
The Ubank Saver Account is a great option for anyone who wants to grow their savings and take advantage of the high Ubank Bonus Interest Rate. With a low deposit requirement, you can start earning a higher interest rate on your savings immediately, without having to wait for a large sum of money.
Greater Flexibility with the uBank Saver Account
In addition to the Ubank Bonus Interest Rate and low eligibility requirements, the Ubank Saver Account offers greater flexibility, allowing you to deposit and withdraw funds at any time without being locked into a fixed term. As an online-only account, you can manage your savings from anywhere, at any time, making it easy to keep track of your savings and ensure your money is working for you.
The Ubank Saver Account also offers convenient online banking services, so you can view your account balance, transfer funds, and manage your savings from your computer or mobile device. With its competitive bonus interest rate, low eligibility requirements, and convenient online banking services, the Ubank Saver Account is an excellent choice for anyone looking for a high-interest savings account in Australia.
Sign up for the Ubank Saver Account today and receive a free bonus $30
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If the minimum eligibility requirements of Ubank has interested you, then you’re in for a treat! Because if you sign up to Ubank and use my referral code: CTCS1N7, then you will have the option to earn a bonus $30 after signing up if you make 3 purchases from a linked spending account.
When you open a savings account with Ubank, they send you a spending debit card anyway. Personally, I don’t use the spending card since I use Ubank for my savings account only.
However, if you want to make $30 for free, then all you would have to do is make 3 purchases from the Ubank spending account that the debit card is linked to, and the $30 will be credited to your account. After that, you can either continue to use the debit card, or if you’re like me and are not planning to use the debit card, then simply just throw it away or store it someplace safe after you’ve made the 3 purchases!
Just remember to enter the referral code CTCS1N7 when you sign up!