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UBank savings account reviews

UBank
UBank's overall rating for savings accounts

(as rated by the Mozo community)

8.5 / 10

based on 670 reviews

Price

Features

Customer service

Convenience

Trust

Featured savings account from UBank

Recent UBank savings account reviews

UBank

UBank USaver 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...

Full review

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

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Jacqueline, New South Wales, reviewed over 3 years ago

UBank

UBank USaver SMSF 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

Full review

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

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Laura, Western Australia, reviewed over 3 years ago

UBank

UBank USaver with Ultra Transaction Account 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.

Full review

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

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Joanna, South Australia, reviewed over 3 years ago

UBank

UBank USaver with Ultra Transaction Account 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.

Full review

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

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Charn, New South Wales, reviewed over 3 years ago

UBank

UBank USaver USaver review

Overall rating   8 / 10

Simple and useful

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

Full review

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

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Mitchell, New South Wales, reviewed over 3 years ago

UBank

UBank USaver with Ultra Transaction Account USaver with Ultra Transaction Account review

Overall rating   10 / 10

High interest rates on a transaction account

Superlative product. Ongoing development. High interest rates on a savings/transaction account. Most people don't believe it.

Full review

Superlative product. Ongoing development. High interest rates on a savings/transaction account. Most people don't believe it.

    Price   10 / 10

    Features   10 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Colin, Victoria, reviewed over 3 years ago

UBank

UBank Savings Account review

Overall rating   10 / 10

Great Interest rates and service

Best interest rate for online savings in Australia. Easy to deal with and deposit/withdraw savings

Full review

Best interest rate for online savings in Australia. Easy to deal with and deposit/withdraw savings

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Louis, Queensland, reviewed over 3 years ago

UBank

UBank Savings Account review

Overall rating   8 / 10

Convenient savings, at your fingertips.

I recommend ubank because it has good interest rates, the website is easy to navigate and there are helpful saving tools in your account features. The customer service can be frustrating but I rarely need it because it is well designed.

Full review

I recommend ubank because it has good interest rates, the website is easy to navigate and there are helpful saving tools in your account features. The customer service can be frustrating but I rarely need it because it is well designed.

    Price   9 / 10

    Features   8 / 10

    Customer service   5 / 10

    Convenience   4 / 10

    Trust   8 / 10

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Ashley, New South Wales, reviewed over 3 years ago

UBank

UBank Savings Account review

Overall rating   9 / 10

One of the best rates out there and easy to use

Backed by NAB, so you can feel secure about your cash. This pays a decent interest rate, and is easy to use. If you can make a regular $200 monthly transfer, you get a bonus rate. Everything is done online, but if you do nee to ring them up,...

Full review

Backed by NAB, so you can feel secure about your cash. This pays a decent interest rate, and is easy to use. If you can make a regular $200 monthly transfer, you get a bonus rate. Everything is done online, but if you do nee to ring them up, service is excellent. It'd be nice to have a higher rate, but I guess that isn't going to happen! A limit of $200,000 invested may be an issue for the lucky few; but I am not sure why they don't want to have more of our money!

    Price   8 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   9 / 10

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Gavin, Queensland, reviewed over 3 years ago

UBank

UBank USaver with Ultra Transaction Account USaver with Ultra Transaction Account review

Overall rating   6 / 10

Ubank guaranteed by NAB is a good online bank

Ubank Saver with a transactional debit card, kind of defeats the purpose of saving for something by forcing customers to have a debit card. Mine is cut up and will never be used.

Full review

Ubank Saver with a transactional debit card, kind of defeats the purpose of saving for something by forcing customers to have a debit card. Mine is cut up and will never be used.

    Price   5 / 10

    Features   4 / 10

    Customer service   8 / 10

    Convenience   7 / 10

    Trust   10 / 10

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Barbs, New South Wales, reviewed over 3 years ago

UBank

UBank USaver with Ultra Transaction Account USaver with Ultra Transaction Account review

Overall rating   7 / 10

Competitive, friendly and ease of use.

Good interest rates comparatively. Easy to use.

Full review

Good interest rates comparatively. Easy to use.

    Price   8 / 10

    Features   6 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   7 / 10

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Deb, Victoria, reviewed over 3 years ago

UBank

UBank USaver with Ultra Transaction Account USaver with Ultra Transaction Account review

Overall rating   8 / 10

No fees, amazing customer service, big interest.

The only con about shifting to a 'direct' bank like UBank is that there's no physical branches for the very rare times I've needed one. But with a (relatively) huge interest rate to earn money on savings, no fees ever (except from other banks,...

Full review

The only con about shifting to a 'direct' bank like UBank is that there's no physical branches for the very rare times I've needed one. But with a (relatively) huge interest rate to earn money on savings, no fees ever (except from other banks, when using their ATMs) and a 24 hour customer service number, the pros massively outweigh the cons.

    Price   9 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   5 / 10

    Trust   7 / 10

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Zac, Western Australia, reviewed over 3 years ago

UBank

UBank USaver with Ultra Transaction Account 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...

Full review

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

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Sasha, New South Wales, reviewed over 3 years ago

UBank

UBank USaver with Ultra Transaction Account 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.

Full review

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

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Song, Victoria, reviewed over 3 years ago

UBank

UBank USaver with Ultra Transaction Account 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...

Full review

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

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Jennifer, Queensland, reviewed over 3 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

  • MOZO EXPERTS CHOICE AWARDS 2019

    AMP Saver Account

    AMP Saver Account

    • Competitive interest rates, calculated daily and paid monthly
    • A bonus interest rate of 0.90% per annum for the first 4 months and the first $250,000 deposited
    • No Monthly fees

    special rate*

    2.75% p.a. (for $0 to $250,000)

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

    standard interest rate

    1.65% p.a.(for $0 to $5,000,000)

    account fee per month

    $0.00

    Go to site

    More info

    • Competitive interest rates, calculated daily and paid monthly
    • A bonus interest rate of 0.90% per annum for the first 4 months and the first $250,000 deposited
    • No Monthly fees
    • Special rate conditions: Bonus rate for the first 4 months from account opening on the first $250,000 deposited. For new Saver customers only.
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    7.3

    Based on 72 AMP savings account reviews

    Need more information?
    Go to site

    More info

  • Suncorp Growth Saver Account

    Suncorp Growth Saver Account

    • Free staff assisted transactions, Internet and phone banking
    • $0 account fees
    • $0 minimum balance

    special rate*

    2.05% p.a. (for $0 and over)

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

    standard interest rate

    0.20% p.a.(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • Free staff assisted transactions, Internet and phone banking
    • $0 account fees
    • $0 minimum balance
    • Special rate conditions: Grow your balance by $200 or more and make no more than one withdrawal in the month.
    • Access: Branch access, Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    8.0

    Based on 1724 Suncorp savings account reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2019

    UBank USaver with Ultra Transaction Account

    UBank USaver with Ultra Transaction Account

    • Bonus interest. Conditions apply
    • Visa Debit Card with Visa PayWave
    • No monthly account keeping fees

    special rate*

    2.41% p.a. (for $0 to $200,000)

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

    standard interest rate

    1.35% p.a.(for $0 to $5,000,000)

    account fee per month

    $0.00

    Go to site

    More info

    • Bonus interest. Conditions apply
    • Visa Debit Card with Visa PayWave
    • No monthly account keeping fees
    • Special rate conditions: Bonus interest only applies on funds held in linked USaver account if $200 deposited into either account in the previous month from an external source and the combined balance is less than $200,000.
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    8.5

    Based on 670 UBank savings account reviews

    Need more information?
    Go to site

    More info

  • MyState Bank Bonus Saver Account

    MyState Bank Bonus Saver Account

    • No monthly account keeping fees
    • Deposits up to $250,000 per customer are guaranteed by the Australian Government
    • Enjoy bonus interest when you deposit $20 or more in to your Bonus Saver Account and make 5 or more eligible VISA Debit card transactions from your linked account each month

    special rate*

    2.50% p.a. (for $0 to $150,000)

    Bonus rate when at least $20 is deposited each month and five Visa Debit transactions are made each month using linked Everyday or Glide transaction accounts.

    standard interest rate

    0.80% p.a.(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • No monthly account keeping fees
    • Deposits up to $250,000 per customer are guaranteed by the Australian Government
    • Enjoy bonus interest when you deposit $20 or more in to your Bonus Saver Account and make 5 or more eligible VISA Debit card transactions from your linked account each month
    • Special rate conditions: Bonus rate when at least $20 is deposited each month and five Visa Debit transactions are made each month using linked Everyday or Glide transaction accounts.
    • Access: BPay, Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account
    Overall rating

    7.7

    Based on 178 MyState Bank savings account reviews

    Need more information?
    Go to site

    More info

  • Bankwest Hero Saver

    Bankwest Hero Saver

    • No account keeping fees
    • No transaction fees
    • 100% secure application process

    special rate*

    2.10% p.a. (for $0 to $250,000)

    Minimum deposit of $200 excluding interest and no withdrawals in the month

    standard interest rate

    0.01% p.a.(for $0 to $5,000,000)

    account fee per month

    $0.00

    Go to site

    More info

    • No account keeping fees
    • No transaction fees
    • 100% secure application process
    • Special rate conditions: Minimum deposit of $200 excluding interest and no withdrawals in the month
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    8.0

    Based on 1352 Bankwest savings account reviews

    Need more information?
    Go to site

    More info

Want more? Compare all 226 savings accounts in the Mozo comparison engine.

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