With NAB having completed the acquisition of 86 400, the neobank's branding has disappeared and been absorbed into a rebranded ubank.
UBank is an online-only lender launched in 2008 as a division of National Australia Bank (NAB). As an online bank, UBank has no physical branches.
In a game of snakes and ladders, UBank on Friday cut a variable home loan by 20 basis points, while ANZ hiked by as much as 50 basis points.
Over the past week, fixed interest rates have spiked by up to 57 basis points on some home loans while variable rates were cut by up to 26 basis points.
In the past few days, UBank, MyState, Bank Australia and Illawarra Credit Union have all cut interest rates on variable rate home loans.
On Friday UBank decreased one investment home loan rate, while raising another one.
In another up and down week for home loan rate movements, three challenger brands made some changes to interest rates.
NAB subsidiary UBank has announced an 'end of financial year home loan sale', which includes a new record low rate.
UBank is making it easier to get into the property market with smaller deposits while Athena has slashed variable mortgage rates.
Two more key lenders have changed fixed home loan rates this week, with one increasing and the other decreasing.