Life’s not all saving, and it’s not all spending—it’s a mix. Grow & Flow embraces that, giving your money the freedom to do both, without losing momentum.
Grow & Flow is a dual interest rate system that balances saving and spending. It helps your savings grow faster while your everyday spending flows freely and continues earning interest.
Life’s not all saving, and it’s not all spending—it’s a mix. Grow & Flow embraces that, giving your money the freedom to do both, without losing momentum.
Grow & Flow is a dual interest rate system that balances saving and spending. It helps your savings grow faster while your everyday spending flows freely and continues earning interest.
Dual Powered Rates
From September 1st 2025, eligible Up Savers will earn one of two variable rates, depending on how you use them.
Grow Rate
Flow Rate
Grow Rate
Let your savings flourish
Big dreams need the right conditions to grow. Whether you’re saving for your first home or your next trip, Grow is designed to fast-track your bigger savings goals with a higher rate of x.xx% p.a.
The Grow Rate is earned on eligible Savers you don’t withdraw or spend from for the month, up to a balance of $NaN—supporting conscious saving and helping you reach your goals sooner.
Complementary features that help your savings grow
Locked Savers
Protect yourself and your savings from impulse spending.
Pay Splitting
Save the moment you’re paid by splitting your pay across Savers.
Hidden Savers
Out of sight, out of mind. Remove temptation by hiding Savers.
Saver Goals
Add goals to your Savers and save with purpose.
Flow Rate
Money that moves with you
For everyday spending and flexible budgeting, Flow kicks in on any eligible Saver you withdraw or spend from—no matter how often life calls on it.
The variable Flow Rate, at x.xx% p.a., gives you the freedom to spend and continue earning interest on the Savers you use for day-to-day spending, like groceries, bills and rent.
If your combined eligible Savers balance exceeds $NaN, you'll earn the Grow Rate on the first $NaN, and the Flow Rate on any amount above that.
Complementary features to manage your cashflow
Multiple Savers
Create up to 50 Savers. Spend with some, grow with others.
Auto Transfers
Schedule Auto Transfers between your Spending and Savers.
Covers and Forwards
Covers shield your savings. Forwards steer your spending.
Trackers
Set a spending limit and control your spending with Trackers.
Set Yourself Up For Success
Getting the most out of Grow & Flow
Organise Your Savers
Save and spend, your way. Create up to 50 customisable Savers to organise your cash flow. You could create some for big goals to earn the higher rate, and create others for everyday spending and continue to earn interest with the Flow Rate.
Have a Backup Plan
Consider setting up a Saver as an overflow or emergency fund—something you're comfortable dipping into if needed. When left untouched, it earns the Grow Rate. But if unexpected expenses pop up, you can use this Saver instead of dipping into others you’ve set aside for bigger goals, helping them stay on track.
Supercharge your Growth
Set and forget. Lock your Savers, hide them, set goals, or split your pay with Pay Splitting. Automation helps you build better habits and resist temptation—it’s all about making saving easier.
FAQs
What is Grow & Flow?
Grow & Flow is an interest rate system that applies to all eligible Savers, with the rate depending on how each Saver is used.
This system consists of two variable interest rates—the Grow Rate (x.xx% p.a.), which nurtures your bigger savings goals with a higher rate, and the Flow Rate (x.xx% p.a.), which gives you the flexibility to spend from Savers without missing out on interest entirely.
If you’ve set money aside in a Saver and haven’t made a withdrawal or spent from it that month, it’ll earn the higher Grow Rate, up to a balance of $NaN.
For Savers you’re using more frequently, whether that’s spending, transferring or withdrawing, they’ll earn the Flow Rate for that month.
If your combined eligible Savers balance exceeds $NaN, you'll earn the Grow Rate on the first $NaN, and the Flow Rate on any amount above that.
Qualifying for interest takes just 5 successful card purchases in a month, with no deposits required.
How do I use my Savers to get the most out of Grow & Flow?
How you use your Savers is totally up to you. You might set aside some Savers for bigger goals to earn the Grow Rate, and others for everyday spending, earning the Flow Rate.
There’s no one right way to set things up, it all comes down to what works for you.
Naming your Savers clearly can help keep things tidy and easier to follow. For example, a “Holiday 🛬” Saver is something you’re likely adding to over time and not spending from regularly, meaning it’s more likely to earn the higher Grow Rate.
What are the benefits of Grow & Flow?
The Grow Rate is designed to support regular, intentional saving with a higher interest rate, giving your savings a boost towards your long-term goals.
The Flow Rate applies to the Savers you withdraw or spend from more frequently, allowing you to keep your money flowing without missing out on interest.
Whether you're saving, spending, or a mix of both, you're still earning interest once you’ve activated it. And if you meet the Grow Rate criteria, you could earn even more.
Both the Grow and Flow Rates are variable rates and subject to change, but we’ll be sure to update you when they do.
What if I need to make an emergency payment?
Your Saver will simply earn the Flow Rate for that month, and you can earn the Grow Rate on that Saver again next month.
How do I qualify for interest?
You can activate interest by making 5 eligible qualifying purchases in a month. Eligible purchases include any 5 debit card purchases that are successfully completed per month (including Apple Pay, Google Pay, and other digital wallets).
Once you’ve qualified, any Saver you don’t withdraw from for the month will earn the Grow Rate (x.xx% p.a.), up to a balance of $NaN. The Flow Rate (x.xx% p.a.) is applied to any Saver you spend, transfer or withdraw from for the month.
If your combined eligible Savers balance exceeds $NaN, you'll earn the Grow Rate on the first $NaN, and the Flow Rate on any amount above that.
Interest on your Savers is calculated daily and paid monthly. If a Saver rate changes from Grow to Flow, that rate applies for the entire month.
Once your Monthly Statement is ready, you’ll be able to see how much interest you earned and which Savers it was paid on.
We’re updating our terms and conditions to reflect this change to how interest works, effective 1 September 2025.