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UBank Savings account reviews

Overall rating
8.5/10
Price
9.1/10
Features
7.7/10
Customer service
8.0/10
Convenience
7.8/10
Trust
8.3/10
Based on 676 reviews as rated by the Mozo community.

Featured savings account from UBank

USaver with Ultra Transaction Account

Maximum rate
2.10% p.a. (for $0 to $200,000)
standard interest rate
1.04% p.a.(for $0 to $5,000,000)
account fee per month
$0.00

Bonus interest only applies on funds held in linked USaver account if $200 deposited into either account in the month from an external source.

Promoted

Recent UBank savings account reviews

Sort reviews by: date | star rating
  • UBank USaver with Ultra Transaction Account review

    Overall rating   8 / 10
    Great account with high interest rates

    Excellent account with one of the higher interest rates I've encountered. Being able to set savings goals through the app is helpful, and the fact that UBank is backed by one of the big banks is very reassuring. The Sweep function is useful but it would be good if there were was an option to turn it off.

    Price
    9 / 10
    Features
    7 / 10
    Customer service
    8 / 10
    Convenience
    9 / 10
    Trust
    8 / 10
    Less
    Matt, New South Wales, reviewed 6 days ago
  • UBank USaver with Ultra Transaction Account review

    Overall rating   10 / 10
    Good interest rates and money available on call.

    UBank offer a good interest rate and your money is available on call.

    Price
    10 / 10
    Features
    10 / 10
    Convenience
    10 / 10
    Trust
    10 / 10
    Less
    Maria, New South Wales, reviewed about 2 months ago
  • UBank USaver with Ultra Transaction Account review

    Overall rating   9 / 10
    Best interest rate online savings account.

    Best interest rate savings account, very convenient and easy to use.

    Price
    7 / 10
    Features
    8 / 10
    Customer service
    5 / 10
    Convenience
    8 / 10
    Trust
    8 / 10
    Less
    Agnieszka, Queensland, reviewed 2 months ago
  • UBank USaver with Ultra Transaction Account review

    Overall rating   9 / 10
    Better than the major banks.

    UBank offers the highest interest for savings account but sometimes it's hard to get customer service without having a physical branch.

    Price
    10 / 10
    Features
    10 / 10
    Customer service
    10 / 10
    Convenience
    8 / 10
    Trust
    8 / 10
    Less
    Reginald, Western Australia, reviewed 3 months ago
  • UBank USaver review

    Overall rating   10 / 10
    Great service and ease of use.

    Always had great experience with Ubank. Only con was when they added cards to accounts. I liked the fact it was purely an online bank originally. But apart from that, it's been great!

    Price
    10 / 10
    Features
    10 / 10
    Customer service
    10 / 10
    Convenience
    10 / 10
    Trust
    10 / 10
    Less
    Jennifer, Queensland, reviewed 3 months ago
  • UBank USaver with Ultra Transaction Account review

    Overall rating   10 / 10
    Highest interest rates for savings accounts.

    Ubank have no account keeping fees and have the highest interest rates for saver accounts in the market (excluding banks with introductory 1-3 month boosted interest rates).

    Price
    10 / 10
    Features
    10 / 10
    Customer service
    10 / 10
    Convenience
    10 / 10
    Trust
    10 / 10
    Less
    Michael, New South Wales, reviewed 3 months ago
  • UBank USaver review

    Overall rating   9 / 10
    Outstanding online banking services!

    The customer service within the branch is fantastic. The staff who greet you are incredibly knowledgable and always know where to direct you and aim to get you served as soon as possible. The online banking portal "Netbank" is simple to use and incredibly cohesive. I have multiple accounts and travel cards and they have made it so easy for funds to be transferred between each of these.

    Price
    10 / 10
    Features
    10 / 10
    Customer service
    7 / 10
    Convenience
    8 / 10
    Trust
    9 / 10
    Less
    Jacqueline, New South Wales, reviewed almost 4 years ago
  • UBank USaver SMSF review

    Overall rating   7 / 10
    Competitive interest rate

    Interest rate is great ensures that I keep money in the bank. Can access help through partner bank nab if needs be. Encourages saving

    Price
    7 / 10
    Features
    5 / 10
    Customer service
    5 / 10
    Convenience
    8 / 10
    Trust
    8 / 10
    Less
    Laura, Western Australia, reviewed almost 4 years ago
  • UBank USaver with Ultra Transaction Account review

    Overall rating   7 / 10
    Competitive rates of return and easy to use

    They have had brilliant rates (when interest rates were high) but they aren't quite as competitive at the moment. Nonetheless, they give better returns than the big 4, and the online interface is pretty easy to use.

    Price
    6 / 10
    Features
    2 / 10
    Customer service
    6 / 10
    Convenience
    3 / 10
    Trust
    8 / 10
    Less
    Joanna, South Australia, reviewed almost 4 years ago
  • UBank USaver with Ultra Transaction Account review

    Overall rating   8 / 10
    High interest rates, but online only

    Best savings account with high interest rates and no frills service.

    Price
    10 / 10
    Features
    8 / 10
    Customer service
    8 / 10
    Convenience
    5 / 10
    Trust
    8 / 10
    Less
    Charn, New South Wales, reviewed almost 4 years ago
  • UBank USaver review

    Overall rating   8 / 10
    Simple and useful

    Great interest rate, no frills products which are simple to understand.

    Price
    10 / 10
    Features
    5 / 10
    Customer service
    8 / 10
    Convenience
    8 / 10
    Trust
    8 / 10
    Less
    Mitchell, New South Wales, reviewed almost 4 years ago
  • UBank USaver with Ultra Transaction Account review

    Overall rating   7 / 10
    Competitive, friendly and ease of use.

    Good interest rates comparatively. Easy to use.

    Price
    8 / 10
    Features
    6 / 10
    Customer service
    7 / 10
    Convenience
    7 / 10
    Trust
    7 / 10
    Less
    Deb, Victoria, reviewed about 4 years ago
  • UBank USaver with Ultra Transaction Account review

    Overall rating   9 / 10
    Best ongoing long-term rate.

    They have the best ongoing rate (unlike other providers where the rate drops after 3-6 months), all you need to do is transfer $200 a month into the account (just set up a direct monthly transfer). Backed by a big 4 bank. Easy way to earn good interest.

    Price
    10 / 10
    Features
    8 / 10
    Customer service
    9 / 10
    Convenience
    9 / 10
    Trust
    10 / 10
    Less
    Sasha, New South Wales, reviewed about 4 years ago
  • UBank USaver with Ultra Transaction Account review

    Overall rating   7 / 10
    Competitive online savings account.

    USaver online account offers a higher deposit rate than the big banks, even though UBank is backed by NAB.

    Price
    8 / 10
    Features
    5 / 10
    Customer service
    6 / 10
    Convenience
    3 / 10
    Trust
    6 / 10
    Less
    Song, Victoria, reviewed about 4 years ago
  • UBank USaver with Ultra Transaction Account review

    Overall rating   8 / 10
    Great customer service.

    Haven't had any issues with this bank. I love it. I was disappointed when they went from completely online savings, to having a card attached to my account. the only reason i signed up for it initially was specifically because I knew that it was almost impossible to touch the money when I was out and about.

    Price
    7 / 10
    Features
    5 / 10
    Customer service
    9 / 10
    Convenience
    10 / 10
    Trust
    10 / 10
    Less
    Jennifer, Queensland, reviewed about 4 years ago
  • Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

    Savings account comparisons on Mozo - rates updated daily

    • Saver Account

      Maximum rate
      2.36% p.a. (for $0 to $250,000)
      standard interest rate
      1.40% p.a.(for $0 to $5,000,000)
      account fee per month
      $0.00

      Bonus rate for the first 4 months from account opening on the first $250,000 deposited. For new Saver customers only.

      Promoted
    • Growth Saver Account

      Maximum rate
      1.95% p.a. (for $0 and over)
      standard interest rate
      0.20% p.a.(for $0 and over)
      account fee per month
      $0.00

      Grow your balance by $200 or more and make no more than one withdrawal in the month.

      Promoted
    • eSaver Reward

      Maximum rate
      2.00% p.a. (for $0 to $100,000)
      standard interest rate
      0.05% p.a.(for $0 and over)
      account fee per month
      $0.00

      Deposit $1,000 into a CUA transaction account from external source in the month.

      Promoted
    • High Interest Savings Account

      Maximum rate
      2.50% p.a. (for $0 to $250,001)
      standard interest rate
      1.05% p.a.(for $0 to $250,001)
      account fee per month
      $0.00

      Bonus rate for the first 4 months from account opening

      Promoted
    • USaver with Ultra Transaction Account

      Maximum rate
      2.10% p.a. (for $0 to $200,000)
      standard interest rate
      1.04% p.a.(for $0 to $5,000,000)
      account fee per month
      $0.00

      Bonus interest only applies on funds held in linked USaver account if $200 deposited into either account in the month from an external source.

      Promoted

    Want more? Compare all 237 savings accounts in the Mozo comparison engine.

    Compare more savings accounts

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    Mozo gives you the inside story on the best banking, energy and insurance products as rated by thousands of real customers around Australia. We don't make subjective judgments, nor do advertisers influence our ratings. Although our reviews may be moderated to improve quality standards, they are moderated independently of any of Mozo’s commercial relationships.