BankMate

Savings account · 16+ years

ubank Save account

5.35%p.a. total

0.00% base + 5.35% bonus when the conditions are met

6.25% for the first 4 months, then 5.35%

29th of 151 savings accounts · market average 4.37%

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The RBA raised the cash rate to 4.60% on 30 September. Save account moved on 6 October, 6 days later.

What the bonus asks

1 thing each month
Each month
  1. A balance that ends the month higher than it started
A month without them

Pays the 0.00% base rate on the whole balance.

Who can open it

Anyone 16 or over

Balance

The bonus is paid on balances up to $1,000,000.

Compare all 151 accounts

Rate history

Last change 6 Oct
  • Save account
  • RBA cash rate
  • Market average
4.004.505.005.50MarMayJulSepToday5.35% p.a. today

October 20261 change

  1. 6Tue
    • 5.10 → 5.35Bonus rate 5.10% → 5.35% · 6 days after the RBA rise to 4.60%
      +0.25

May 20261 change

  1. 13Wed
    • 4.85 → 5.10Bonus rate 4.85% → 5.10% · 7 days after the RBA rise to 4.35%
      +0.25

March 20261 change

  1. 25Wed
    • 4.60 → 4.85Bonus rate 4.60% → 4.85% · 7 days after the RBA rise to 4.10%
      +0.25

  1. #14FebFeb 2026: ranked 14 of 42
  2. #18MarMar 2026: ranked 18 of 64
  3. #24AprApr 2026: ranked 24 of 76
  4. #19MayMay 2026: ranked 19 of 79
  5. #25JunJune 2026: ranked 25 of 79
  6. #26JulJuly 2026: ranked 26 of 80
  7. #26AugAug 2026: ranked 26 of 80
  8. #34SepSep 2026: ranked 34 of 120
  9. #28OctOct 2026: ranked 28 of 150
  10. #29NowNov 2026: ranked 29 of 151
  • Top 5%
  • Top 10%
  • Top 25%
  • Top half
  • Lower half

In the top 50% for every one of the last 10 months.

A year meeting the conditions
$2,675
A year without meeting the conditions
$0
Against the average (4.37%)
+$491

On a $50,000 balance. Type yours above; it's kept with your savings preferences.

Up to $1M5.35%
$1M+0.00%

Flat rate up to $1M. Grow total Save balance by at least $1 each month (from Oct 2025). Bonus across all Save accounts.

Notes from savers

to leave a note.

Often compared with: Macquarie Savings Account · Up Saver

Pays 5.35% p.a. total (0.00% base plus 5.35% bonus) as of 1 November 2026. Ranks 29th of 151 savings accounts tracked by BankMate, 0.98 points above the average of 4.37%. The rate last rose on 6 October 2026, 6 days after the RBA raised the cash rate to 4.60%. From ubank's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·