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  • UBank savings account reviews

    How are UBank savings accounts rated by the Mozo community?

    85%

    Overall Mozo Community rating: 8.5 out of 10

    UBank savings accounts

    Overall rating: 8.5 (142 reviews)

    Last reviewed: 26 January 2012


    1. Overall customer rating
    1. Price
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    Reviews: 273

    Thumbs up: 258 | Thumbs down: 15

    People's Choice
    Winner 2011

    Featured savings account from UBank

    • USaver Reach
    • special rate

      6.01%
    • account fee

      $0.00

    Other savings accounts

    • SENSE Savings Account
    • special rate

      4.60%
    • account fee

      $0.00
    • Go to site
       
    • Online Saver
    • special rate

      6.00%
    • account fee

      $0.00
    • Go to site
       

    Compare all savings accounts

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    Recent UBank savings account reviews

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        1. Overall customer rating
        2. (Reviewed 7 days ago)

      Instead of just great introductory rates for new customers, uBank have consistently proven that they are able to deliver the best rates month after month.       Full review 

      Instead of just great introductory rates for new customers, uBank have consistently proven that they are able to deliver the best rates month after month.


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      UBank savings account reviewed by David from New South Wales

      2 people found this review helpful – do you?

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        1. Overall customer rating
        2. (Reviewed 7 days ago)

      Very quick and easy to setup. It's backed by NAB so security is great. They have excellent and very attentive customer service, and even have a Skype number so you can call for free (very handy when overseas). They even notify you by email when tr...       Full review 

      Very quick and easy to setup. It's backed by NAB so security is great. They have excellent and very attentive customer service, and even have a Skype number so you can call for free (very handy when overseas). They even notify you by email when transactions go in and out of your account so you can be sure your money is going where it needs to go.


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      UBank savings account reviewed by Mark from Victoria

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        1. Overall customer rating
        2. (Reviewed 7 days ago)

      Love their interest rates but do find their internet banking sometimes difficult to navigate---was previously with ING--a much better internet banking site to use       Full review 

      Love their interest rates but do find their internet banking sometimes difficult to navigate---was previously with ING--a much better internet banking site to use


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      UBank savings account reviewed by Gail from New South Wales

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        1. Overall customer rating
        2. (Reviewed 7 days ago)

      I like the high interest rates. Even though there is no physical branch, the staff is always very helpful when you ring up, but some of the banking is difficult to follow without telephone help. Money is transferred quickly.       Full review 

      I like the high interest rates. Even though there is no physical branch, the staff is always very helpful when you ring up, but some of the banking is difficult to follow without telephone help. Money is transferred quickly.


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      UBank savings account reviewed by Bronwyn from Victoria

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        1. Overall customer rating
        2. (Reviewed 10 days ago)

      The uBank online savings account is very easy to manage (via internet banking) and offers great interest rates with a bonus for regular deposits. Good on site calculaters to help with savings goals       Full review 

      The uBank online savings account is very easy to manage (via internet banking) and offers great interest rates with a bonus for regular deposits. Good on site calculaters to help with savings goals


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      UBank savings account reviewed by Stephen from South Australia

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed 22 days ago)

      This is a great online savings account paying one of the highest interest rates around yet has great features including excellent flexibility for moving money in and out, customer friendly internet and phone service, and top-notch security.       Full review 

      This is a great online savings account paying one of the highest interest rates around yet has great features including excellent flexibility for moving money in and out, customer friendly internet and phone service, and top-notch security.


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      UBank savings account reviewed by Ian from Victoria

      3 people found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed 22 days ago)

      The UBank online savings account pays the highest interest rate of at-call savings accounts which includes a .5% bonus if an Automatic Savings Plan is set up. Their Term Deposit rate is also the highest for a 180 day term. I would highly recomme...       Full review 

      The UBank online savings account pays the highest interest rate of at-call savings accounts which includes a .5% bonus if an Automatic Savings Plan is set up. Their Term Deposit rate is also the highest for a 180 day term. I would highly recommend this online account.


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      UBank savings account reviewed by Judy from New South Wales

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        1. Overall customer rating
        2. (Reviewed 22 days ago)

      In today's world, this is the type of banking product that is needed. Especially for someone like me, who travels a lot, within Australia and overseas, (where I am now, in Canada). So it is so easy to access and deal with bill payments. Also they ...       Full review 

      In today's world, this is the type of banking product that is needed. Especially for someone like me, who travels a lot, within Australia and overseas, (where I am now, in Canada). So it is so easy to access and deal with bill payments. Also they are the most competitive with the rate, which in these difficult times, is very helpful. I have been with them nearly 3 yrs now and cannot rate them highly enough. Thanks for the opportunity.


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      UBank savings account reviewed by Vicki from New South Wales

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        1. Overall customer rating
        2. (Reviewed 22 days ago)

      Ubank is user friendly, great rates, trustworthy backing, online call contact. No introductory rates that feed one in and then rates drop. Easy peasy saving. Thoroughly recommend.       Full review 

      Ubank is user friendly, great rates, trustworthy backing, online call contact. No introductory rates that feed one in and then rates drop. Easy peasy saving. Thoroughly recommend.


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      UBank savings account reviewed by Avril from Victoria

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        1. Overall customer rating
        2. (Reviewed 22 days ago)

      As a branch of my second favourite bank (the NAB) and with great competitive interest rates plus 24/7 availability and the government guarantee through the NAB, what else could one ask of their bank?       Full review 

      As a branch of my second favourite bank (the NAB) and with great competitive interest rates plus 24/7 availability and the government guarantee through the NAB, what else could one ask of their bank?


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      UBank savings account reviewed by Neil kennedy from South Australia

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        1. Overall customer rating
        2. (Reviewed 22 days ago)

      I love Ubank because they consistently have the highest interest rate on the market. Their website is reasonably user friendly, and their customer service is really good. I would definitely - and have - recommend Ubank to my friends. I heart Ubank!       Full review 

      I love Ubank because they consistently have the highest interest rate on the market. Their website is reasonably user friendly, and their customer service is really good. I would definitely - and have - recommend Ubank to my friends. I heart Ubank!


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      UBank savings account reviewed by Susan from Victoria

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        1. Overall customer rating
        2. (Reviewed 22 days ago)

      UBank online bonus savings account offers the highest rate of interest if I deposit a minimum of $200 per month, currently over 6%. It has no restrictions on withdrawals as many competing accounts do, it's easy to open an account online, and the ...       Full review 

      UBank online bonus savings account offers the highest rate of interest if I deposit a minimum of $200 per month, currently over 6%. It has no restrictions on withdrawals as many competing accounts do, it's easy to open an account online, and the phone staff are very helpful and take me through procedures for changing withdrawal amounts if I can't figure them out online. They have recently installed a BPay system too, making it even more convenient. I did find it difficult to change a regular withdrawal, having to cancel the previous one and set up another one instead of just being able to change the amount.


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      UBank savings account reviewed by Jill from Victoria

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        1. Overall customer rating
        2. (Reviewed 22 days ago)

      Interest rates are the highest with bonus interest for savings plan. Funds are readily available and internet banking system is so reliable and easy to manage!! Great Product!       Full review 

      Interest rates are the highest with bonus interest for savings plan. Funds are readily available and internet banking system is so reliable and easy to manage!! Great Product!


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      UBank savings account reviewed by Rosalie from New South Wales

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        1. Overall customer rating
        2. (Reviewed 22 days ago)

      Brilliantly easy online access with strict security protocols on an account earning the best interest in the country. It cannot be beat for investing cash.       Full review 

      Brilliantly easy online access with strict security protocols on an account earning the best interest in the country. It cannot be beat for investing cash.


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      UBank savings account reviewed by Brendon from New South Wales

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        1. Overall customer rating
        2. (Reviewed 24 days ago)

      UBank "Usaver" internet savings account is excellent for long term savings, with a higher-than average interest rate, currently 6.06%. There is an option to increase this by a further .05%, by setting up an arrangement whereby at least $200 a mon...       Full review 

      UBank "Usaver" internet savings account is excellent for long term savings, with a higher-than average interest rate, currently 6.06%. There is an option to increase this by a further .05%, by setting up an arrangement whereby at least $200 a month is transferred into UBank account, via a Direct Debit.By doing so, the length of time to effect a transfer to the accessible account is extended to 4 working days,but this does not present a problem for most long-term account holders. Setting up the account and its optional extra interest arrangement is simple, as are access to, and navigability of the website, managing the account, and understanding all the information given on the website.


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      UBank savings account reviewed by Maria from Queensland

      3 people found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed 29 days ago)

      Ubank are backed by NAB offering security, they are upfront about their conditions and it's super easy to apply and maintain accounts. Quick to answer the phone and efficient customer service. Love Ubank. I recommend them to anyone that will...       Full review 

      Ubank are backed by NAB offering security, they are upfront about their conditions and it's super easy to apply and maintain accounts. Quick to answer the phone and efficient customer service. Love Ubank. I recommend them to anyone that will listen. usually I say the big four and telephone carriers are all the same, but Ubank has set itself above the rest in my opinion.


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      UBank savings account reviewed by Vashti from South Australia

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed about 1 month ago)

      I've tried to call them but was put on hold for more than 15 minutes EACH TIME! It has happened for more than 3x in the past two days EVERY DAY! Called them to activate my account, which they are supposed to have done LAST WEEK!!!!!!!       Full review 

      I've tried to call them but was put on hold for more than 15 minutes EACH TIME! It has happened for more than 3x in the past two days EVERY DAY! Called them to activate my account, which they are supposed to have done LAST WEEK!!!!!!!


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      UBank savings account reviewed by Pat from Victoria

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed about 1 month ago)

      When individuals seek to reserve their hard earned funds; a savings account is the natural choice. With no fees and an unrivaled interest rate, this 'natural choice' becomes even easier to make with UBank's high interest savings account. For mys...       Full review 

      When individuals seek to reserve their hard earned funds; a savings account is the natural choice. With no fees and an unrivaled interest rate, this 'natural choice' becomes even easier to make with UBank's high interest savings account. For myself, its the unbeaten interest, lack of hidden fees, and the online ease of use that makes UBank's USaver account right for me. And if your thinking what I was: 'Isn't that what all banks say?' -you'll be pleased to hear UBank's savings account is nationally accredited as the best around. So, if you're like me and saving your way to a brighter future, UBank's USaver account is the one for you.


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      UBank savings account reviewed by Pat from New South Wales

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        1. Overall customer rating
        2. (Reviewed about 1 month ago)

      Because it has a nice and high interest rate which pays my monthly Foxtel bill. They are also very efficient to deal with and the web product is easy to use and informative. Thanks       Full review 

      Because it has a nice and high interest rate which pays my monthly Foxtel bill. They are also very efficient to deal with and the web product is easy to use and informative. Thanks


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      UBank savings account reviewed by Benjamin from New South Wales

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed about 1 month ago)

      BEWARE! I tried to get a lot of my money out and they locked the account due to an apparent failed identity check. Was their way of getting out of transferring. I was required to go to AusPost for re-identification with a 100 point check. W...       Full review 

      BEWARE! I tried to get a lot of my money out and they locked the account due to an apparent failed identity check. Was their way of getting out of transferring. I was required to go to AusPost for re-identification with a 100 point check. Will never use them again, terrible customer service.


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      UBank savings account reviewed by Emma from Victoria

      5 people found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed about 1 month ago)

      Easy to use, high interest rate and reliable company backed by National Bank.       Full review 

      Easy to use, high interest rate and reliable company backed by National Bank.


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      UBank savings account reviewed by Janet from Western Australia

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed 2 months ago)

      Their interest rate is the best in the market. They're the only one I know that has a skype facility which allows me free calls when I'm overseas.       Full review 

      Their interest rate is the best in the market. They're the only one I know that has a skype facility which allows me free calls when I'm overseas.


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      UBank savings account reviewed by Gabby from New South Wales

      4 people found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed 2 months ago)

      Thanks to global financial crisis when you need a safe heaven I think NAB backed UBank is the most trusted one. Not only that it offers an interest rate of 6.40% which is in this tough market the best possible income source currently available in ...       Full review 

      Thanks to global financial crisis when you need a safe heaven I think NAB backed UBank is the most trusted one. Not only that it offers an interest rate of 6.40% which is in this tough market the best possible income source currently available in the market with a risk factor almost equal to zero. If anyone in the financial market looking or deals with any product would surely agree with me. If not there is something definitely wrong with you.


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      UBank savings account reviewed by Maruf from New South Wales

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed 2 months ago)

      One of the best products on the market to save money. There are cards associated with the account, the only way to get money in or out is to move it to another account. Even though they are a 100% online they provide great service if you need them.       Full review 

      One of the best products on the market to save money. There are cards associated with the account, the only way to get money in or out is to move it to another account. Even though they are a 100% online they provide great service if you need them.


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      UBank savings account reviewed by Simon from Victoria

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        1. Overall customer rating
        2. (Reviewed 2 months ago)

      It's amazing how a fortnightly automatic deposit adds up into a growing nest egg. Love seeing the interest add to it each month.       Full review 

      It's amazing how a fortnightly automatic deposit adds up into a growing nest egg. Love seeing the interest add to it each month.


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      UBank savings account reviewed by Wendy from Victoria

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        1. Overall customer rating
        2. (Reviewed 2 months ago)

      So fast and easy to set up as many accounts as you would like, all online. Purely for savings and transferring funds, has great interest and ability to pay bills via direct debit to anyone.       Full review 

      So fast and easy to set up as many accounts as you would like, all online. Purely for savings and transferring funds, has great interest and ability to pay bills via direct debit to anyone.


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      UBank savings account reviewed by Christine from Victoria

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        1. Overall customer rating
        2. (Reviewed 3 months ago)

      Simple and friendly website. So far, the best for online savings interest rates. They may be a bit late in implementing increase in rate, but still best long term. Watch out for change of rate of interest. It is not obvious, no letter/email t...       Full review 

      Simple and friendly website. So far, the best for online savings interest rates. They may be a bit late in implementing increase in rate, but still best long term. Watch out for change of rate of interest. It is not obvious, no letter/email to advise. It just creeps in, just a line on the statement but stays the best compared to all banks.


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      UBank savings account reviewed by Bibi from New South Wales

      2 people found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed 3 months ago)

      UBank has the DNA of NAB to be high on interest, higher on their profits but highest on their arrogance when it comes to customer service. Big zero on attitude, number one on "lack of communication" and having tall poppy syndrome. You think twice...       Full review 

      UBank has the DNA of NAB to be high on interest, higher on their profits but highest on their arrogance when it comes to customer service. Big zero on attitude, number one on "lack of communication" and having tall poppy syndrome. You think twice before you bank with uBank.


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      UBank savings account reviewed by Dipak from Victoria

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        1. Overall customer rating
        2. (Reviewed 3 months ago)

      High interest rate; great website and responsive client service - UBank is a winner all round       Full review 

      High interest rate; great website and responsive client service - UBank is a winner all round


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      UBank savings account reviewed by Peter from New South Wales

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        1. Overall customer rating
        2. (Reviewed 3 months ago)

      I think they are becoming greedy. The recent .25% rate cut by RBA was passed to clients has .40% ... Another thing to know is that there is a 200K AUD limit, for the promotional rate that nobody tells you about.       Full review 

      I think they are becoming greedy. The recent .25% rate cut by RBA was passed to clients has .40% ... Another thing to know is that there is a 200K AUD limit, for the promotional rate that nobody tells you about.


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      UBank savings account reviewed by Pedro from Victoria

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