based on 874 UBank banking product reviews as rated by Mozo community

UBank savings accounts

One way to maximise your savings is by choosing the right savings account for your needs, and as  consistent high performers, one of UBank's savings accounts could be a great choice. In fact, UBank was named a Regular Savings Award winner at the 2021 Mozo Experts Choice Awards

UBank offers the following savings accounts

Rates and fees verified as correct at 21 October, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate Maximum rate Govt deposit guarantee
USave

0.05% p.a.(for $0 to $5,000,000)

No Current Offer

Yes up to $250,000

USave with USpend Transaction Account

0.05% p.a.(for $0 to $5,000,000)

1.05% p.a. (for $0 to $250,000)

Yes up to $250,000

How are UBank savings accounts rated?

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.

Icon of savings-accounts
UBank savings accounts
Overall
Price
Features
Customer service
Convenience
Trust

707 Reviews

Recent UBank savings account reviews

UBank USave with USpend Transaction Account
Overall 9/10
Love higher percentage

Love the deal.

Read full review

Love the deal.

Price
10/10
Features
10/10
Customer service
8/10
Convenience
7/10
Trust
9/10
Less
Liz, Queensland, reviewed about 1 month ago
UBank USave with USpend Transaction Account
Overall 10/10
Awesome bank for savings account

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 review

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.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Claribel, New South Wales, reviewed about 2 months ago
UBank USave with USpend Transaction Account
Overall 10/10
Idiot-proof way of saving.

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 review

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.

Price
9/10
Features
10/10
Customer service
9/10
Convenience
5/10
Trust
10/10
Less
Ian, Queensland, reviewed 2 months ago
UBank Savings Account
Overall 4/10
remote use dodgy

Every time I try to log on, no matter what time of day or night, it is very likely to say the site is in maintenance. Its so frustrating.

Read full review

Every time I try to log on, no matter what time of day or night, it is very likely to say the site is in maintenance. Its so frustrating.

Features
8/10
Convenience
1/10
Less
Edith, Victoria, reviewed 4 months ago

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Savings account quick links