How do Australian Bank Savings Interest Rates compare?
- ING: 4.8% in Savings Maximiser.
- BoQ: 4.75% in Future Saver.
- UBank: 4.35% in Save and USave accounts.
Conditions to get these rates:
ING: Must deposit at least $1,000 in the month. And, have a higher end balance than the start of the month. And, must make at least 5 card purchases each month.
BoQ: Must deposit at least $1,000 in the month. And, be aged 14 to 35 years old. And, must make at least 5 card purchases each month.
UBank: Must deposit at least $200 in the month.
Maximum balance:
- ING: $100,000
- BoQ: $50,000 (3% on $50,001 to $250,000)
- UBank: $250,000
Balances above those limits, or not complying with requirements, receive a much reduced interest rate.