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How To: Unlock Our USpend Bonus Interest Rate


How To: Unlock Our USpend Bonus Interest Rate

Unlock an awesome 1.10% p.a. bonus interest on your savings in three easy steps:

1. Link your accounts

You’ll need to link a USpend transaction account to your USave savings account. If you need a hand with this, we’ve put together a helpful 101.

2. Deposit your $$

Transfer $200 (or more!) into your USpend or USave from a non-UBank account at any time during the month.

3. Sit back and earn

Once you deposit your cash each month, you’ll start earning interest straight away. Plus, you’ll see your bonus interest credit in your account the following month, so there’s no waiting to get your money!

A few other things to know:

For USave balances under $250K, you can earn our bonus interest rate of 1.10% p.a. For anything extra, you’ll get our base rate of 0.10% p.a.

Ready to start earning bonus interest? Link your USpend transaction account to your USave savings account today.


To qualify for the bonus variable interest rate on eligible amounts in your USave account(s) in a calendar month, you must have both a USave and USpend account and deposit $200 or more into your USpend transaction account or your linked USave savings account from non-UBank accounts during the same month. The bonus variable interest rate will be applied to a combined balance of up to $250,000 held in your USave account(s), including joint accounts. Any remaining balance greater than $250,000 will earn the USave base variable rate. Bonus interest is earned the same month you meet the bonus interest criteria. If you qualify for bonus interest, your interest will be paid in 2 credits. The first credit is calculated using the base variable rate, and will be visible in the morning of the 1st of the following month. The second credit is the Bonus Interest, which will be processed overnight on the 1st, so please check your account on the 2nd of the following month.

The information contained in this article is of a general nature only. It doesn’t take account of any person’s objectives, financial situation or needs. Before acting on this information, you should consider whether it is appropriate for your circumstances and seek independent legal, financial, and taxation advice.