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