Rates and fees verified as correct at 19 May 2022. Other information correct at the time of writing. Advertiser disclosure.
| Product | Interest rate | Maximum rate | Govt deposit guarantee |
|---|---|---|---|
| Save Account |
0.10% p.a.(for $0 and over) |
1.20% p.a. (for $0 to $250,000) |
Yes up to $250,000 |
Mozo users have rated ubank savings accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
707 Reviews
Have this savings account for years. Great interest rates. Great app to go with it. NAB atms are everywhere if u need to withdraw. Great customer service as well.
Read full reviewHave this savings account for years. Great interest rates. Great app to go with it. NAB atms are everywhere if u need to withdraw. Great customer service as well.
The automatic sweep to move funds from the high interest (relative to the market) savings account to pay for debit card purchases is a game-changer. It saves time, anxiety about funds being available and can be altered to keep a daily limit on debit card spending whilst keeping maximum balance in the savings account earning interest. This makes it idiot-proof for lazy people who could otherwise get themselves into the financial troubles of ongoing debt and damaged credit histories with credit cards. A great way of living within one's means and saving for a home deposit or creating a contingency fund for unforeseen such as Covid 19. It does not require a set number of debit card touch n go transactions like other high-interest savings/transaction account pairings. Also allows withdrawals and a reduction in the savings account balance and still get the bonus interest. Only qualifiers for the bonus interest are: 1) deposit $200/month and 2) have the linked debit card/transaction account.
Read full reviewThe automatic sweep to move funds from the high interest (relative to the market) savings account to pay for debit card purchases is a game-changer. It saves time, anxiety about funds being available and can be altered to keep a daily limit on debit card spending whilst keeping maximum balance in the savings account earning interest. This makes it idiot-proof for lazy people who could otherwise get themselves into the financial troubles of ongoing debt and damaged credit histories with credit cards. A great way of living within one's means and saving for a home deposit or creating a contingency fund for unforeseen such as Covid 19. It does not require a set number of debit card touch n go transactions like other high-interest savings/transaction account pairings. Also allows withdrawals and a reduction in the savings account balance and still get the bonus interest. Only qualifiers for the bonus interest are: 1) deposit $200/month and 2) have the linked debit card/transaction account.
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