UniBank Momentum Saver Summary
Description
The Momentum Saver account rewards savers with an ongoing bonus interest rate when you deposit a minimum of $100 and make no withdrawals during the month.
Benefits
- No monthly savings-account fee.
Hoops
- For bonus interest, deposit at least $100 each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
- Ongoing rate cap: $250,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | UniBank Momentum Saver |
|---|---|
| Maximum variable rate | 5.35% p.a. |
| Ongoing interest rate | 5.35% p.a. |
| Base interest rate | 0.10% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.10% |
|---|---|
| Ongoing | 5.35% |
| Ongoing cap | $250K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | $100 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | - |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.10% p.a., before bonus interest.
- Ongoing: 5.35% p.a. when bonus conditions are met. Up to $250k.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.10% | This band only | First $5m |
| Ongoing total, conditions met | 5.35% | This band only | First $250k |
| Ongoing total, conditions met | 5.25% | This band only | Over $250k to $1m |
| Ongoing total, conditions met | 5.00% | This band only | Over $1m to $5m |
| Rates unverified | - | - | Over $5m |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- The Momentum and Essential CDR eligibility text still mentions education-sector employees. Current UniBank eligibility explicitly covers the Australian university community, that provider-confirmed cohort is used here and original source wording remains signed.
- No introductory pricing or regular monthly account-keeping fee. New members opening a savings account automatically receive an Everyday Direct transaction account, its regular monthly account fee is also zero. Other service/transaction fees may apply.
- Interest calculated daily on cleared end-of-day balances using the annual rate divided by 365, and credited on or about the last day of each month. Rates apply to balance portions, not the highest tier on the whole balance.
- Deposits above $5,000,000 in aggregate across savings and transaction accounts are subject to bank acceptance. A single comparison balance does not establish the customer’s aggregate deposits.
- Deposit a total of at least $100 before 5pm Sydney time on the last calendar day of the month, make no withdrawals or transfers out (internal or external), and maintain a credit balance throughout the month. An overdraft at any time can prevent qualification. No purchase or separate balance-growth test.
- If qualification fails, the standard base rate applies. A withdrawal after the last-day 5pm cut-off will generally count in the following month and can affect that month’s bonus.
- The current linked Savings & Investments rate flyer, effective 1 October 2026, establishes bonus portions up to $250,000, over $250,000 through $1,000,000, and over $1,000,000. It governs the conflicting extra-cent CDR boundaries and the website fragment’s over-$1,000,000.01 wording. Original source labels remain signed, only arithmetic boundaries are corrected. The final portion earns its advertised base plus bonus, not the first-tier headline on the whole balance.
- Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with UniBank.
- Australian citizen or permanent resident, Australian residential address and satisfactory identity checks. Standard membership eligibility covers Australian university employees/retirees, students/graduates and immediate family of UniBank members.
- The website also advertises a non-shareholding customer application route. Confirm that route’s eligibility with the bank, it does not remove the account-specific age/student or pension conditions. Related Teachers Mutual, Firefighters Mutual and Health Professionals feeds are separate brands, not automatically covered.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected on 31 Oct 2026. Pricing verified on 28 Oct 2026.