Ubank savings rate increase

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Following the second RBA rate rise of the year, Aussies anticipate banks to continue the trend of passing on increases to savings accounts and term deposits - watch this space. For the tenth consecutive month , the 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-cycle , including one that now features a rate of 5. This page will detail the latest rate change announcements for savings accounts and term deposits following the RBA's March 25 basis point rate hike - be sure to check back here regularly. Keep updated. Subscribe for rate change alerts.

Ubank savings rate increase

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. Westpac will increase the Westpac Life total variable rate with bonus interest by 50 basis points to 2. The Westpac Bump Savings account for under 18 year olds will increase by 65 basis points, to a total variable rate with bonus interest of 2. These rate increases will come into effect on 20 September. Customers will also be able to access a new term deposit offer of 3. ING has announced a 50 basis point increase to its highest ongoing variable savings interest rate. Eligible new and existing Savings Maximiser customers could earn a variable interest rate of 3. To receive ING's rate of 3. The ING Australia's Savings Accelerator offerings will also increase by 50 basis points for new and existing customers. Digital bank ubank has announced a 0.

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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.

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. This increase is smaller than some of the steep changes in , but another increase means rates are at their highest point since All of the recent rate increases mean loans and credit card balances are more expensive.

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. This means savvy savers are ending on a high note. But the Fed has recently hit pause on rate increases. The target range has remained between 5.

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No monthly service fees to pay. Bendigo Bank The Reward Saver account has a rate of 5. To be considered, the product and rate must be clearly published on the product provider's web site. William Jolly. All the term deposit rate changes this week Another week, another round of term deposit rate changes, with new rates from some of Australia's largest banks. Related Guides. Some term deposit interest rates will increase by up to 0. No need to transfer funds to your Spend account to cover your bills, just pay straight from your Save accounts. Compare Rates. By subscribing you agree to our privacy policy. Disclaimer Who we are and how we get paid Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge.

Home News Ubank increases savings account rates. A rebranded ubank has revealed from 1 June, rates for existing 'USave' and new 'Save' savings accounts will increase by 30 basis points. Fresh off merging with neobank 86 , this increase will see:.

Savings Maximiser. Email Articles. Subscribe to our newsletter. No monthly fees or international card payment charges. The last time the RBA paused its cash rate hike cycle, a number of customers saw small adjustments in home loan variable rates and likewise for savings accounts and term deposits. Monthly Deposit Min. Only bonus 4. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo. Plus get 2 more accounts, a Spend and a Bills. The bank will also increase its three-month Term Deposit rate to 1.