Ubank updating the terms of their savings ("Save") account

Key info:

From 1 July

• New external payments from Save accounts will no longer be available. This includes direct debits, PayTo, BPay, and BSB & account payments from Save. See below for how to switch your existing payments.

• We’re introducing our new bonus interest tiers for your savings.

• We’re increasing the amount you need to deposit to qualify for bonus interest from $200 to $500.

Forgot to post this earlier. More discussion on OzBargain, among other places.