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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 674 reviews

Price

Features

Customer service

Convenience

Trust

Featured savings account from UBank

Recent UBank savings account reviews

UBank

UBank USaver with Ultra Transaction Account 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.

Full review

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 14 days ago

UBank

UBank USaver with Ultra Transaction Account 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.

Full review

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

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Reginald, Western Australia, reviewed 23 days ago

UBank

UBank USaver 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!

Full review

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

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Jennifer, Queensland, reviewed about 1 month ago

UBank

UBank USaver with Ultra Transaction Account 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).

Full review

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

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Michael, New South Wales, reviewed about 1 month ago

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 almost 4 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 almost 4 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 almost 4 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 almost 4 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

Less

Louis, Queensland, reviewed almost 4 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 almost 4 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 almost 4 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

Less

Barbs, New South Wales, reviewed almost 4 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 almost 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

  • 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

    Maximum rate

    2.10% 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

    1.04% 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
    • Maximum 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 674 UBank savings account reviews

    Need more information?
    Go to site

    More info

  • 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

    Maximum rate

    2.36% 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

    1.40% 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
    • Maximum 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

    7.2

    Based on 75 AMP savings account reviews

    Need more information?
    Go to site

    More info

  • Heritage Bank Online Saver

    Heritage Bank Online Saver

    Maximum rate

    2.50% p.a. (for $1 to $250,000)

    bonus rate for 4 months

    standard interest rate

    1.10% p.a.(for $1 to $250,000)

    account fee per month

    $0.00

    Go to site

    More info

    • Maximum rate conditions: Introductory Bonus Rate for new customers with a linked eligible account for the first 4 months.
    • Access: Phone banking, Internet banking
    • Minimum balance: $1.00
    • Other restrictions:
    Overall rating

    8.5

    Based on 480 Heritage Bank savings account reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2019

    ME Online Savings Account

    ME Online Savings Account

    • Ongoing bonus interest when you tap & go four times per month (T&Cs apply)
    • No minimum monthly deposit. Ongoing variable bonus rate
    • No monthly account-keeping fees

    Maximum rate

    2.05% p.a. (for $0 to $250,000)

    Ongoing bonus rate if you make at least four tap & go™ payments per month with your Everyday Transaction Account debit card. Purchases must be processed in calendar month to be eligible for bonus interest.

    standard interest rate

    0.35% p.a.(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • Ongoing bonus interest when you tap & go four times per month (T&Cs apply)
    • No minimum monthly deposit. Ongoing variable bonus rate
    • No monthly account-keeping fees
    • Maximum rate conditions: Ongoing bonus rate if you make at least four tap & go™ payments per month with your Everyday Transaction Account debit card. Purchases must be processed in calendar month to be eligible for bonus interest.
    • Access: Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account
    Overall rating

    8.3

    Based on 384 ME 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

    Maximum rate

    1.95% 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
    • Maximum 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 1725 Suncorp savings account reviews

    Need more information?
    Go to site

    More info

Want more? Compare all 228 savings accounts in the Mozo comparison engine.

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