Ubank savings rate increase

Following the second RBA rate rise of the year, ubank savings rate increase, Aussies anticipate banks to continue the trend of passing on increases to savings accounts and term deposits - watch this space. For the tenth consecutive monththe RBA has handed down another hike to the cash rate, taking it to 3. Last week, Bank of Queensland jumped the gun and increased savings rates out-of-cycleincluding one that now features a rate of 5.

Home News Which banks are increasing savings rates following September's cash rate rise? Another cash rate increase in September has Aussies on the lookout to see if banks pass on the rate rise to savings accounts and term deposits - watch this space. A number of banks passed on savings account and term deposit rate increases last month following the RBA's August decision, leaving savers to expect more of the same this month. This page will detail the latest rate change announcements for savings accounts and term deposits following the RBA's 50 basis point rate hike - be sure to check back here regularly. ANZ Plus's rate of 3.

Ubank savings rate increase

The standard rate sits at 0. Sound like a winner? That rate puts the Save Account among the top earning savings accounts in our database. Plus, if you're not on track to earn your bonus interest, ubank will send you a reminder to help you make the most of your savings account. Just remember to keep push notifications on! Best of all, if you meet the requirements above, you'll receive the 5. Account can only be opened through iOS or Android app, but may be accessed through internet banking. Great savings accounts, with no fees. Recommend as either a primary or secondary bank account. Very easy to use online, simple features, and never have any issues. Let's start with the most important things for a savings account - the interest rate and how you get the bonus interest. UBank offers a reasonably competitive interest rate - not the highest, but very solid. For me, having to just through fewer hoops is worth the slightly lower rate. Other pros and cons? The app is very easy to use, as is the website which allows you to do more.

For more information, read Savings. This might account for the fact it did not appear to increase the rate in February, instead opting for bi-monthly increases.

Variable interest rate on your Save accounts. Bonus interest criteria applies. This rate is variable and subject to change. Interest is calculated on your Save balance daily and paid monthly. See what makes you eligible for bonus interest. Open up to 10 Save accounts and get bonus interest on all of them, including shared Save accounts. Create up to 10 Save accounts and set targets on any of them.

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money. This means savvy savers are ending on a high note. But the Fed has recently hit pause on rate increases.

Ubank savings rate increase

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money. It's and the Federal Reserve just announced its second federal funds rate range increase of 0. This is after seven rate increases in The new target, which is a range, is 4.

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Email Articles. Multiple Mozo Experts Choice Award winner. Rates and product information should be confirmed with the relevant credit provider. Become a more successful saver. Lindsay, Queensland reviewed 5 months ago. No monthly fees on any of your Save accounts. Time period 1 year. Savings Maximiser More details. Linked account required. Another cash rate increase in September has Aussies on the lookout to see if banks pass on the rate rise to savings accounts and term deposits - watch this space. Bills account. ING has announced a 50 basis point increase to its highest ongoing variable savings interest rate.

Savers rejoice, homeowners not so much as the RBA lifts the cash rate once again by 25 basis points in June.

Fine, just try it. FAQs Have any questions? Need somewhere to store cash and earn interest? Minimum Amount. Garmin Pay is a trademark of Garmin Ltd. Keep updated. Money Matters. For the tenth consecutive month , the RBA has handed down another hike to the cash rate, taking it to 3. AMP is distinct from other accounts in that there is a two-month lag from when interest is actually paid. High Interest Savings Account Bonus rate for the first 4 months from account opening No account keeping fees No minimum balance. Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website.