The Mozo Experts Choice Awards are back in full swing for 2019, and we’re excited to announce UBank has won our Savings Bank of the Year award, making this the second year in a row it’s taken home the honour.
Back-to-back wins shouldn’t surprise anyone familiar with the the digital bank. Since it doesn’t have to worry about costs that traditional banks face, it’s able to pass savings directly to customers, and the top-notch rates it offers are proof of this. Among the categories it ranked highly in were the No Strings Savings, Regular Saver, Short Term Deposit, and Exceptional Everyday Account categories.
UBank is also very innovation driven. For example, Peter Marshall, Mozo’s Data Manager and Mozo Experts Choice Award judge, said its USaver Ultra Transaction Account, which was recognised in the Exceptional Everyday Account category, offered some impressive features.
“The USaver Ultra Transaction Account works constantly in the background to help you save. Its built-in Sweep feature automatically moves funds across your accounts, ensuring that you’re receiving maximum interest and that you have enough in your everyday account at the same time.”
Read on for a selection of other UBank products that took out wins across various Mozo Experts Choice Deposit Award categories.
No Strings Savings - USaver
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Sometimes all the bells and whistles just amount to extra hoops you have to jump through, so each year we compile the best no strings savings accounts for Aussies who prefer simple, high value savings accounts that don’t come with any extra conditions. This year, the UBank USaver impressed us with its stellar 1.81% p.a. interest rate, zero account keeping fees and zero minimum balances.
Read our full review of the UBank USaver.
Regular Saver - USaver with Ultra Transaction Account
Mozo may receive payment if you click products on our site. Mozo does not compare the entire market.
Important disclosures
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Advertiser disclosure
Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links and/or other paid links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. You do not pay any extra for using our service.
We are proud of the tools and information we provide and unlike some other comparison sites, we also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not.
'Sponsored', 'Hot deal' and 'Featured Product' labels denote products where the provider has paid to advertise more prominently.
'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others. You can easily change the sort order of the products displayed on the page.
We provide only general advice
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the Product Disclosure Statement (PDS) or offer documentation, or seeking independent advice. It is also advised to review Target Market Determination(TMD) of products that you are considering. The TMD can be found on the provider's website.
For savers that don’t mind meeting certain conditions in exchange for bumper interest on their savings, the USaver with Ultra Transaction Account is sure to appeal. This one takes a top-tier savings account and makes it better, rewarding customers with a whopping 2.87% interest rate in months where they deposit at least $200. On top of that, it doesn’t charge any fees for overseas transactions, which is something that not many bank accounts offer, making this a obvious pick for our Regular Saver Award.
Read our full review of the UBank USaver with Ultra Transaction Account.
Short Term Deposit - UBank Term Deposit
Mozo may receive payment if you click products on our site. Mozo does not compare the entire market.
Important disclosures
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Advertiser disclosure
Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links and/or other paid links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. You do not pay any extra for using our service.
We are proud of the tools and information we provide and unlike some other comparison sites, we also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not.
'Sponsored', 'Hot deal' and 'Featured Product' labels denote products where the provider has paid to advertise more prominently.
'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others. You can easily change the sort order of the products displayed on the page.
We provide only general advice
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the Product Disclosure Statement (PDS) or offer documentation, or seeking independent advice. It is also advised to review Target Market Determination(TMD) of products that you are considering. The TMD can be found on the provider's website.
Whether you want to lock away your cash for 3 months or a year, you can be sure you’ll be getting one of the more competitive rates around with UBank. This year its term deposits were recognised in our Short Term Deposits category for their excellent value. The 6 month option already offers a high 2.75% interest rate, but if you renew the full amount for another term, you’ll be treated to a 0.10% loyalty bonus.
The Mozo Experts Choice Awards shine a spotlight on the best products across a range of categories, including home loans, savings accounts, term deposits and more. Our in-house team of experts track thousands of products and identify the ones which stand out thanks to their excellent rates and useful features. Check out the full list of Mozo Experts Choice Awards winners here.
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Different interest rates apply to different amounts or different interest payment frequencies.
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
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Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links and/or other paid links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. You do not pay any extra for using our service.
We are proud of the tools and information we provide and unlike some other comparison sites, we also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not.
'Sponsored', 'Hot deal' and 'Featured Product' labels denote products where the provider has paid to advertise more prominently.
'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others. You can easily change the sort order of the products displayed on the page.
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Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
