ubank’s Save Account is smart and simple, and offers some of the most impressive savings rates. The standard rate sits at 0.10%, but if you deposit at least $200 in a month, you’ll be treated to an extra 4.90% p.a., which brings the maximum rate to 5.10% p.a.
The Save Account’s standard interest rate of 0.10% p.a. isn’t anything to get particularly excited about, but the maximum rate will definitely turn heads. You’ll be able to score an impressive 5.10% p.a. on balances up to $250,000, so long as you make a monthly deposit of at least $200 to either your Spend transaction account or Save Account. That rate puts the Save Account among the top earning savings accounts in our database. What's more, there are no fees, and you’ll be able to withdraw any amount of money without it affecting the maximum rate.
Plus, if you're not on track to earn your bonus interest, ubank will send you a reminder to help you make the most of your savings account. Just remember to keep push notifications on!
ubank also lets its users create up to ten different Save Accounts, so you could have one for your emergency fund, your next overseas holiday and for your house deposit. Best of all, if you meet the requirements above, you'll receive the 5.00% ongoing bonus rate on all of your Save Accounts. Bare in mind, this is to a max of $250k per customer across all accounts combined, not per account
And for anyone who’s new to the world of online banks and is in need of a little bit of reassurance before they sign up, ubank is licenced by APRA as an Authorised Deposit-taking Institution. As an ADI, deposits of up to $250,000 are covered in the off chance a bank goes under, so you can rest easy knowing your money is safe.
Anyone looking to get a high interest rate for their savings and is able to deposit $200 per month.
As mentioned above, if you want to score that maximum rate, you’ll need to deposit at least $200 per month.
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Balances from $0: 0.10% p.a. |
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Balances from $0: 5.10% p.a. |
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Deposit at least $200 to either Spend or Save account from an external source each month. |
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$0.00 |
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n/a |
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Unlimited free transactions from mobile app. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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n/a |
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$0.00 |
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$0.00 |
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Monthly |
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no |
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n/a |
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no |
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no |
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no |
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no |
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no |
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no |
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yes |
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no |
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no |
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Account can only be opened through iOS or Android app, but may be accessed through internet banking. |
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Bonus rate applies across 10 accounts on balances of up to $250,000 combined. |
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none |
Excellent bank to park your savings with a bonus interest of 5.1% if you add $200.00 per month.
Read full reviewExcellent bank to park your savings with a bonus interest of 5.1% if you add $200.00 per month.
I was able to save for a house deposit because of UBank!
Read full reviewI was able to save for a house deposit because of UBank!
Love the app that is so simple to use - money transfer is quick & no fees which is great and more banks should do….
Read full reviewLove the app that is so simple to use - money transfer is quick & no fees which is great and more banks should do….
I really like how simple and easy to use the Ubank app is. It is a little bit of a shame that I had forgotton my details/had no access to my old phone number anymore and basically couldnt use my old ubank account anymore, but i really like their ads and ad ons when joining. They have this offer where u refer new members and you get $30 extra in your account after making 3 purchases in the first 30 days of joining. It just makes things fun and the app itself is very pretty and I love the colours. Finally, the physical card is simple and pretty and I love how the card number is printed on the card. It looks simple and its easy to read, and the print does not scratch off or peel away.
Read full reviewI really like how simple and easy to use the Ubank app is. It is a little bit of a shame that I had forgotton my details/had no access to my old phone number anymore and basically couldnt use my old ubank account anymore, but i really like their ads and ad ons when joining. They have this offer where u refer new members and you get $30 extra in your account after making 3 purchases in the first 30 days of joining. It just makes things fun and the app itself is very pretty and I love the colours. Finally, the physical card is simple and pretty and I love how the card number is printed on the card. It looks simple and its easy to read, and the print does not scratch off or peel away.
Fine, just try it.
Read full reviewFine, just try it.
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
4.40% p.a.(for $0 to $250,001)
Yes up to $250,000
Savings Account
5.35% p.a. (for $0 to $250,000)
4.75% p.a.(for $0 to $1,000,000)
Yes up to $250,000
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yes up to $250,000
AMP Saver Account
5.40% p.a. (for $0 to $250,000)
1.20% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
2.00% p.a.(for $0 to $250,000)
Yes up to $250,000
Save Account
5.10% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
Yes up to $250,000
4.40% p.a.(for $0 to $250,001)
Savings Account
5.35% p.a. (for $0 to $250,000)
Yes up to $250,000
4.75% p.a.(for $0 to $1,000,000)
Save Account
5.10% p.a. (for $0 to $250,000)
Yes up to $250,000
0.10% p.a.(for $0 and over)
AMP Saver Account
5.40% p.a. (for $0 to $250,000)
Yes up to $250,000
1.20% p.a.(for $0 to $5,000,000)
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
2.00% p.a.(for $0 to $250,000)
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
0% p.a.(for $0 and over)
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
0.05% p.a.(for $0 and over)
Reward Saver Account
0% p.a.(for $0 and over)
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
Bonus Saver Account
0.05% p.a.(for $0 and over)
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
3.01% p.a. (for $0 and over)
Yes up to $250,000
Progress Saver
0.01% p.a.(for $0 and over)
4.25% p.a. (for $0 and over)
Yes up to $250,000
