8.7/10

Based on 123 Up product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Up savings accounts

Started in 2018 in partnership with Bendigo Bank and Ferocia, Up has already netted themselves over 800,000 Aussie users. Its Saver Account offers a range of features to suit different needs, all contained within a 100% mobile app. 

Up offers the following savings accounts

Rates and fees verified as correct at 28 May 2024. 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)

4.35% 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 customer reviews
Overall
9.0/10
Price
9.5/10
Features
9.3/10
Customer service
8.9/10
Convenience
8.7/10
Trust
9.2/10
Based on 37 Up product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Up savings account reviews

Up Saver Account
Overall 10/10
I adore the UP bank app experience.

I adore UP Bank. The user friendly app and option for multiple savings accounts is helpful to sort out your finances. Not a con for me but possibly for others is that there is no physical branch. I have contacted UP customer service previously and had a helpful response via email within two hours.

Read full review

I adore UP Bank. The user friendly app and option for multiple savings accounts is helpful to sort out your finances. Not a con for me but possibly for others is that there is no physical branch. I have contacted UP customer service previously and had a helpful response via email within two hours.

Price
10/10
Features
10/10
Customer service
9/10
Convenience
8/10
Trust
10/10
Less
Caitlin, New South Wales, reviewed 2 months ago
Up Saver Account
Overall 10/10
Free coffee

I absolutely love that I have the chance of winning a free coffee EVERY SINGLE DAY just by purchasing my morning coffee. Such a nice gesture just for banking with Up.

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I absolutely love that I have the chance of winning a free coffee EVERY SINGLE DAY just by purchasing my morning coffee. Such a nice gesture just for banking with Up.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Sarah, Victoria, reviewed 2 months ago
Up Saver Account
Overall 8/10
Saving made fun

The sign-up process is simple and easy, making it very convenient to open an account. The platform offers interactive and unique saving features, including round-ups that allow you to choose rates while automatically rounding up each transaction to the nearest dollar and putting the difference into savings. This makes it an effortless way to save without noticing. In no time, you will have a few hundred dollars in your savings account without any effort at all. Additionally, the platform offers interactive and customizable options for accounts, including the ability to have separate savers for specific goals, adding emojis, and naming them. This feature makes saving money less like a chore and more fun. Alongside that, the platform also offers saving challenges that you can participate in to help you reach your goals.

Read full review

The sign-up process is simple and easy, making it very convenient to open an account. The platform offers interactive and unique saving features, including round-ups that allow you to choose rates while automatically rounding up each transaction to the nearest dollar and putting the difference into savings. This makes it an effortless way to save without noticing. In no time, you will have a few hundred dollars in your savings account without any effort at all. Additionally, the platform offers interactive and customizable options for accounts, including the ability to have separate savers for specific goals, adding emojis, and naming them. This feature makes saving money less like a chore and more fun. Alongside that, the platform also offers saving challenges that you can participate in to help you reach your goals.

Price
10/10
Features
7/10
Customer service
5/10
Convenience
5/10
Trust
8/10
Less
Holly, Queensland, reviewed 2 months ago
Up Saver Account
Overall 10/10
Awesome bank I've ever been with

I absolutely love this bank, the only downfall is that there is no bank to physically walk into. Aside from that its the best ever

Read full review

I absolutely love this bank, the only downfall is that there is no bank to physically walk into. Aside from that its the best ever

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Linda, Victoria, reviewed about 2 months ago
See all savings account reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Savings account quick links