based on 34 Up banking product reviews as rated by Mozo community

Up savings accounts

Up's Saver Account offers a range of features to suit different needs. In fact, those features and the value the account offers have been recognised as some of the best on the market by our expert judges, as the Saver Account received a 2021 Mozo Experts Choice Award in the best Regular Saver category. 

Up offers the following savings accounts

Rates and fees verified as correct at 16 May 2022. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate Maximum rate Govt deposit guarantee
Saver Account

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

0.50% p.a. (for $0 to $1,000,000)

Yes up to $250,000

How are Up savings accounts rated?

Mozo users have rated Up 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
Up savings accounts
Overall
Price
Features
Customer service
Convenience
Trust

9 Reviews

Recent Up savings account reviews

Up Saver Account
Overall 10/10
Fun online banking to smash your savings goals.

I started using UP bank last year and it is next level banking for those who want to organise their savings. The Savers accounts take seconds to set up, they are fun and interactive, and can all be individualised to suit your savings goals. Bonus interest rates can be activated if you do a few transactions each month, which means more money in your savings! This is an online bank, under the Bendigo Bank umbrella, but the customer service is fantastic. I'm eagerly awaiting a website dashboard, but the phone app is very versatile and easy to use. Highly recommend.

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I started using UP bank last year and it is next level banking for those who want to organise their savings. The Savers accounts take seconds to set up, they are fun and interactive, and can all be individualised to suit your savings goals. Bonus interest rates can be activated if you do a few transactions each month, which means more money in your savings! This is an online bank, under the Bendigo Bank umbrella, but the customer service is fantastic. I'm eagerly awaiting a website dashboard, but the phone app is very versatile and easy to use. Highly recommend.

Price
10/10
Features
8/10
Customer service
9/10
Convenience
10/10
Trust
10/10
Less
Jess, South Australia, reviewed 4 months ago
Up Saver Account
Overall 10/10
Up.com.au are a very good bank

I like this bank because they're friendly and on to it!

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I like this bank because they're friendly and on to it!

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Damien, Western Australia, reviewed 10 months ago
Up Saver Account
Overall 6/10
Benchmark.

You can deposit with any of the other 4 big banks but there are no ATM fees and if there is and you have $100 and you want to get $100 it will and later take the bank fee. With the other banks, well, you can't.

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You can deposit with any of the other 4 big banks but there are no ATM fees and if there is and you have $100 and you want to get $100 it will and later take the bank fee. With the other banks, well, you can't.

Price
9/10
Features
8/10
Customer service
4/10
Convenience
6/10
Trust
10/10
Less
Theodoros, New South Wales, reviewed about 1 year ago
Up Saver Account
Overall 10/10
UP- The bank of the future

I swapped my bank over to up about a year ago now. I tell literally everyone I know about how great and convenient it is. Almost every time I get my debit card out, people comment on the fluorescent colour and ask me about it. I can't recommend how convenient it is enough, everything is right there at your fingertips, transactions are instant and itemised to reveal your spending habits and it truly is the bank of the future. The only thing I could say bad about up is the fact that if my phone goes missing or it breaks, I have no way of logging on to a desktop version to move or send money- everything is done in the app.

Read full review

I swapped my bank over to up about a year ago now. I tell literally everyone I know about how great and convenient it is. Almost every time I get my debit card out, people comment on the fluorescent colour and ask me about it. I can't recommend how convenient it is enough, everything is right there at your fingertips, transactions are instant and itemised to reveal your spending habits and it truly is the bank of the future. The only thing I could say bad about up is the fact that if my phone goes missing or it breaks, I have no way of logging on to a desktop version to move or send money- everything is done in the app.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Abby, Queensland, reviewed over 1 year ago

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Savings account quick links