Designing Up Banking

Re:Designing Up Banking by bioipbiop on Tuesday September 22, 2020 @09:44AM (#24554296)

While I do like the developer centric features, that interest rate is pretty terrible. Macquarie and Volt are much better in that respect.

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Re:Designing Up Banking by mwakerman on Tuesday September 22, 2020 @10:50AM (#24555067)

I just checked and Up is 1.5%, Volt is 1.45%, and Macquarie is 1.5% for the first 4 months before dropping to 1.35%.

Edit: Up is actually at 1.6% when you activate the bonus rate by completing 5 card transactions in a month.

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Re:Designing Up Banking by pkteison on Tuesday September 22, 2020 @01:34PM (#24557437)

Up says they are .1% without the bonus.

"Interest rate Up to 1.60% p.a. (base 0.10% p.a. and bonus 1.50% p.a - details below)" from https://up.com.au/pricing/

.1% does indeed sound pretty awful.

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Re:Designing Up Banking by bioipbiop on Wednesday September 23, 2020 @09:53AM (#24567054)

And that bonus is only on the first 50k.

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