Save account (Shared)
Save account
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Details
| Field | Value |
|---|---|
| Base | 0.00% |
| Ongoing | 5.35% |
| Ongoing cap | $2M |
| Intro | 6.25% |
| Intro cap | $2M |
| Intro period | 4 mths |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $1 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 16 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.00% | Whole balance | All balances |
| Ongoing total, conditions met | 5.35% | This band only | First $2m |
| Ongoing total, conditions met | 0.00% | This band only | Over $2m |
| Introductory total, first 4 months | 6.25% | This band only | First $2m |
| Introductory total, first 4 months | 0.00% | This band only | Over $2m |
Source: noren.com.au
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Bonus requirements
For Save account (Shared), meet these requirements to earn the ongoing total rate shown above.
- Both holders meet the customer-level Spend-account and $1 combined eligible-savings growth criteria. Shared transactions count regardless of which holder makes them, interest credits are excluded. Qualification is checked at 11:30pm Sydney time on month end.
- Comparison assumes one Shared Save account and no other eligible individual/Shared savings consuming either holder’s allowance. Each customer is attributed 50% of this account, and qualifying interest is paid on the full Shared balance. The $1m customer allowance therefore covers $2m of this isolated Shared balance, excess portions earn nil.
- Shared balances receive allocation priority ahead of individual accounts, multiple Shared accounts, other balances, different Welcome cohorts or remaining periods require the customer’s actual allocation. Offset-linked/closed accounts do not earn savings interest.
- No monthly account-keeping fee under the current Ubank Fees and Limits schedule.
Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
| Fee | Amount | Details |
|---|---|---|
| Monthly account fee | $0 | Monthly account fee. |
Source: noren.com.au
Showing reviewed fees only, other charges may apply
Rate history
| Observed | Base | Ongoing | Intro |
|---|---|---|---|
| 29 Oct 2026 | 0.00% | 5.35% | 6.25% |
Source: noren.com.au
Eligibility
- Age 16 or over.
- Individual applicants only
- an Australian citizen or permanent resident with an Australian residential address
- Two eligible Ubank customers are required. Welcome pricing is restricted to the applicable current cohort, this is not a simulation of an existing household’s other savings.
Introductory offer
- The applicable Welcome holder must have joined on or after 9 October 2026 and still be within their four-month Welcome period.
- If only one holder is eligible, use that holder’s Welcome rate/end date. If both are eligible, use the holder who joined first. Earlier cohorts are not assigned the current Welcome margin.
- Four months starts when the applicable customer joins Ubank, not when this Shared account opens, an existing holder can have less than four months remaining.
Similar products
Tools & support
Things you should know
- Check withdrawal access, linked-account requirements and transaction timing with the provider.
- Introductory and ongoing offers may have different eligibility and balance limits.
Collected on 30 Oct 2026. Pricing verified on 28 Oct 2026.