UBank savings account reviews

UBank
UBank's overall rating for savings accounts

(as rated by the Mozo community)

8.2

based on 151 reviews

 

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Featured savings account from UBank

Recent UBank savings account reviews

UBank

UBank USaver savings account 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 (NSW), reviewed 3 days ago

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UBank

UBank USaver with Ultra Transaction Account savings 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 (VIC), reviewed 24 days ago

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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

    Price   -1 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Louis (QLD), reviewed 24 days ago

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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 (NSW), reviewed about 2 months ago

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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 (QLD), reviewed about 2 months ago

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UBank

UBank USaver with Ultra Transaction Account savings 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 (NSW), reviewed about 2 months ago

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UBank

UBank USaver with Ultra Transaction Account savings account review

Overall rating   7 / 10

Competitive, friendly and ease of use.

Good interest rates comparatively. Easy to use.
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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 (VIC), reviewed about 2 months ago

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UBank

UBank USaver with Ultra Transaction Account savings 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 (WA), reviewed 2 months ago

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UBank

UBank USaver with Ultra Transaction Account savings 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 (NSW), reviewed 2 months ago

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UBank

UBank USaver with Ultra Transaction Account savings 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 (VIC), reviewed 2 months ago

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UBank

UBank USaver with Ultra Transaction Account savings 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 (QLD), reviewed 3 months ago

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UBank

UBank USaver SMSF savings account review

Overall rating   10 / 10

Excellent interest rates for a savings account.

I love how easy they make saving, I can set up a transfer from my regular account to come out at my convenience, no physical branches or ATMs so I can't withdraw cash from the account. Has graphs and goals to show how well you are doing.
Full review

I love how easy they make saving, I can set up a transfer from my regular account to come out at my convenience, no physical branches or ATMs so I can't withdraw cash from the account. Has graphs and goals to show how well you are doing.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   7 / 10

    Trust   8 / 10

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Janelle (WA), reviewed 4 months ago

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UBank

UBank USaver savings account review

Overall rating   10 / 10

Reliable

Highest interest rate notwithstanding any withdrawals during the month.
Full review

Highest interest rate notwithstanding any withdrawals during the month.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Ms (NSW), reviewed 4 months ago

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UBank

UBank USaver savings account review

Overall rating   9 / 10

Great online banking service plus great rates.

Great online banking service, plus great interest rates.
Full review

Great online banking service, plus great interest rates.

    Price   9 / 10

    Features   8 / 10

    Customer service   7 / 10

    Convenience   9 / 10

    Trust   7 / 10

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Paul (NSW), reviewed 4 months ago

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UBank

UBank USaver with Ultra Transaction Account savings account review

Overall rating   10 / 10

Competitive rates and great customer service

UBank provides all my needs for on line banking with excellent security, reporting and facilities.
Full review

UBank provides all my needs for on line banking with excellent security, reporting and facilities.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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John (QLD), reviewed 4 months ago

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UBank

UBank USaver savings account review

Overall rating   8 / 10

High interest rates, slight inconvenience.

Overall they offer the most important thing - one of, if not the highest, interest rates for comparable products. They are lacking in some areas in comparison to the competition but for a high interest rate account where your money isn't locked...
Full review

Overall they offer the most important thing - one of, if not the highest, interest rates for comparable products. They are lacking in some areas in comparison to the competition but for a high interest rate account where your money isn't locked in (term deposit) - it's a good choice.

    Price   9 / 10

    Features   3 / 10

    Customer service   4 / 10

    Convenience   5 / 10

    Trust   8 / 10

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Daniel (QLD), reviewed 4 months ago

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UBank

UBank USaver savings account review

Overall rating   9 / 10

Overall a great bank who I plan to stay with.

I like using Ubank for all of our important savings. While you can't physically access your money through an ATM, the online bank means that there are zero bank or account fees, and your money is ALL your money. The interest rates are always...
Full review

I like using Ubank for all of our important savings. While you can't physically access your money through an ATM, the online bank means that there are zero bank or account fees, and your money is ALL your money. The interest rates are always competitive, and you can personalize your accounts such as holiday/wedding account, school fees account etc. You can have as many or as few accounts open at a time, still with no fees. The cons that I have notices with Ubank are mainly within the website, it seems to be hard sometimes to go into personal details of the account, as it can act slow sometimes, so I'm not sure of that is a glitch that has been fixed or if that's just the way it is.

    Price   10 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   7 / 10

    Trust   10 / 10

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Hayley (WA), reviewed 4 months ago

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UBank

UBank USaver savings account review

Overall rating   6 / 10

Great savings rate

Great interest rate. No branches so no face contact.
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Great interest rate. No branches so no face contact.

    Price   7 / 10

    Features   3 / 10

    Customer service   5 / 10

    Convenience   6 / 10

    Trust   6 / 10

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Dirk (NSW), reviewed 5 months ago

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UBank

UBank USaver with Ultra Transaction Account savings account review

Overall rating   8 / 10

Great rate with customer service

I have always been happy to bank with UBank as it has such a competitive rate and good service. Occasionally the website is a bit difficult to navigate, especially on an iPad.
Full review

I have always been happy to bank with UBank as it has such a competitive rate and good service. Occasionally the website is a bit difficult to navigate, especially on an iPad.

    Price   8 / 10

    Features   5 / 10

    Customer service   7 / 10

    Convenience   6 / 10

    Trust   10 / 10

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Rebecca (NSW), reviewed 5 months ago

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UBank

UBank savings account review

Overall rating   9 / 10

Easy peasy!

Easy peasy banking.
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Easy peasy banking.

    Price   10 / 10

    Features   9 / 10

    Customer service   8 / 10

    Convenience   7 / 10

    Trust   8 / 10

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Sasha (NSW), reviewed 6 months ago

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UBank

UBank USaver with Ultra Transaction Account savings account review

Overall rating   8 / 10

Polite and friendly over the phone service.

They have been at the forefront of pushing the Big 4 and the smaller institutions into more competitive interest rates and products. They still offer a competitive savings interest rate.
Full review

They have been at the forefront of pushing the Big 4 and the smaller institutions into more competitive interest rates and products. They still offer a competitive savings interest rate.

    Price   7 / 10

    Features   6 / 10

    Customer service   9 / 10

    Convenience   6 / 10

    Trust   8 / 10

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Brian (QLD), reviewed 6 months ago

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UBank

UBank USaver with Ultra Transaction Account savings account review

Overall rating   8 / 10

Contact available by means other than computer

The biggest problem is getting to affirm account balance. On one occasion the adviser on the internet told me that I could not communicate my problem by letter to the bank for an answer to my question!! At that particular time I was having...
Full review

The biggest problem is getting to affirm account balance. On one occasion the adviser on the internet told me that I could not communicate my problem by letter to the bank for an answer to my question!! At that particular time I was having computer problems.

    Price   9 / 10

    Features   8 / 10

    Customer service   7 / 10

    Convenience   5 / 10

    Trust   10 / 10

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William (NSW), reviewed 7 months ago

2 people found this review helpful – do you? Yes

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UBank

UBank USaver with Ultra Transaction Account savings account review

Overall rating   9 / 10

Very competitive interest rate

Very competitive interest rate and auto top up of everyday account.
Full review

Very competitive interest rate and auto top up of everyday account.

    Price   10 / 10

    Features   10 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   9 / 10

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Lynne (NSW), reviewed 7 months ago

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UBank

UBank savings account review

Overall rating   10 / 10

Awesome

Use this bank for my holiday savings so get a good interest rate to help the savings grow.
Full review

Use this bank for my holiday savings so get a good interest rate to help the savings grow.

    Price   10 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Glynis (WA), reviewed 7 months ago

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UBank

UBank USaver savings account review

Overall rating   8 / 10

Fantastic Friendly Service , Competive

I initially chose to go with Ubank as they have a high competitive interest earned rate that does not require an extensive amount to be placed into that account per month. They are always happy to answer any enquiries over the phone or via online....
Full review

I initially chose to go with Ubank as they have a high competitive interest earned rate that does not require an extensive amount to be placed into that account per month. They are always happy to answer any enquiries over the phone or via online. The only downside is that they do not any any branches where you are able to go into to get funds out. But as I only use it for my savings account I don't take funds out of the account meaning there is no need to head into a branch.

    Price   10 / 10

    Features   7 / 10

    Customer service   7 / 10

    Convenience   6 / 10

    Trust   10 / 10

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Rebecca (WA), reviewed 7 months ago

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Savings account comparisons on Mozo Rates updated daily

  • ME Online Savings Account

    ME Online Savings Account

    • Ongoing bonus rate
    • No minimum monthly deposit
    • No monthly account-keeping fees

    special rate*

    3.60% (for $0 to $250,000)

    Ongoing bonus rate if you make a weekly purchase using PayPass Tap & Go on your ME Everyday Transaction Account.

    standard interest rate

    1.80%(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • Ongoing bonus rate
    • No minimum monthly deposit
    • No monthly account-keeping fees
    Product info
    • Special rate conditions: Ongoing bonus rate if you make a weekly purchase using PayPass Tap & Go on your ME Everyday Transaction Account.
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account
    Overall rating

    8.1

    Based on 119 ME savings account reviews

    Need more information?
    Go to site

    More info

  • RaboDirect High Interest Savings Account

    RaboDirect High Interest Savings Account

    • Easy set up, online and Mobile Banking App facilities
    • No fees, no minimum balance, no minimum monthly deposit and no minimum term
    • The current 4 month introductory variable rate is a great way to kick start your savings

    special rate*

    3.50% (for $0 to $250,000)

    Bonus rate for the first 4 months from account opening

    standard interest rate

    2.55%(for $0 to $250,000)

    account fee per month

    $0.00

    Go to site

    More info

    • Easy set up, online and Mobile Banking App facilities
    • No fees, no minimum balance, no minimum monthly deposit and no minimum term
    • The current 4 month introductory variable rate is a great way to kick start your savings
    Product info
    • Special rate conditions: Bonus rate for the first 4 months from account opening
    • Access: Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account
    Overall rating

    8.0

    Based on 24 RaboDirect savings account reviews

    Need more information?
    Go to site

    More info

  • ING DIRECT Savings Maximiser

    ING DIRECT Savings Maximiser

    • No ING DIRECT fees
    • You could get a great variable rate every month, no matter how many times you withdraw
    • Anytime, anywhere banking with mobile app and 24/7 Australian call centre

    special rate*

    3.50% (for $0 to $100,000)

    For customers who also have an Orange Everyday and deposit their pay of $1,000+ each month.

    standard interest rate

    2.25%(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • No ING DIRECT fees
    • You could get a great variable rate every month, no matter how many times you withdraw
    • Anytime, anywhere banking with mobile app and 24/7 Australian call centre
    Product info
    • Special rate conditions: For customers who also have an Orange Everyday and deposit their pay of $1,000+ each month.
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account
    Overall rating

    9.2

    Based on 428 ING DIRECT savings account reviews

    Need more information?
    Go to site

    More info

  • St.George Maxi Saver

    St.George Maxi Saver

    • 24/7 access online savings account
    • No monthly service fees
    • No minimum monthly balance or deposit required

    special rate*

    3.25% (for $0 and over)

    bonus rate for first 3 months

    standard interest rate

    1.50%(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • 24/7 access online savings account
    • No monthly service fees
    • No minimum monthly balance or deposit required
    Product info
    • Special rate conditions: Bonus rate for the first 3 months from account opening
    • Access: Branch access, Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account with this provider
    Overall rating

    7.9

    Based on 724 St.George savings account reviews

    Need more information?
    Go to site

    More info

  • Bank of Melbourne Maxi Saver

    Bank of Melbourne Maxi Saver

    • Earn a competitive interest rate
    • No monthly service fee
    • Link to an eligible Bank of Melbourne Transaction account

    special rate*

    3.25% (for $0 and over)

    bonus rate for first 3 months

    standard interest rate

    1.50%(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • Earn a competitive interest rate
    • No monthly service fee
    • Link to an eligible Bank of Melbourne Transaction account
    Product info
    • Special rate conditions: Bonus rate for the first 3 months from account opening
    • Access: Branch access, Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account with this provider
    Overall rating

    8.0

    Based on 99 Bank of Melbourne savings account reviews

    Need more information?
    Go to site

    More info

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