We currently don't have that product, but here are others to consider:
How we picked theseThe Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
We currently don't have that product, but here are others to consider:
How we picked theseWe assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.
We currently don't have that product, but here are others to consider:
How we picked theseThe Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
Ubank was a big winner in the 2025 Finder Awards.
Full list of 2025 winners
This account goes alongside a Ubank Save Account savings account. This bank account charges no account keeping fees, no overseas ATM fees and no foreign transaction fees.
Read our full review of the Ubank Spend Account.
When you open a Spend account you'll also get a Save account too. You'll earn up to 5% for new customers for the first 4 months, then an ongoing 4.6% when you transfer at least $500 per month into either account.
Read our full review of the Ubank High Interest Save Account.
Based on ubank bank account scores in Finder's 2024 & 2025 Customer Satisfaction Awards.
Ubank is an online-only bank with no bank branches and no ATMs in Australia, but it does offer a few different ways to do your banking online.
You can do your day-to-day banking online with ubank's Internet Banking platform, for example, to track account balances, pay bills and other direct debits, make BPAY payments, transfer funds between accounts, activate new cards or place existing ones on hold and to schedule payments.
The ubank app has a "Sweep" tool which works by automatically transferring money between your savings and transaction accounts. So if, for example, you set the parameters to always have at least $500 in your transaction account but a recent purchase brings it down to $450, $50 is transferred from the savings account to the transaction account. You can also set an upper limit so that any excess funds are swept into your savings balance.
Ubank offers Apple Pay, Google Pay, Samsung Pay and Garmin Pay to customers with a ubank debit card.
"Ubank is a great savings account! Not only have they offered competitive ongoing rates for years, they make it easy to get your interest, only requiring you to make a monthly deposit as opposed to multiple hoops like others. I love that I can pull money out and use it and not miss out on my interest. I also love that there are no ATM fees if you take money out overseas. With the rates going up to 5.5% in July for the first $100K, they are putting themselves in their own category in my opinion."
You can apply for a new ubank account online in less than 10 minutes. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.
If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.
Pay no account keeping fees, no overseas ATM fees and no foreign transaction fees plus earn bonus interest on your savings. Read our review to find out more.
The Ubank Save is an online high interest savings account that could help you reach your financial goals faster.
I live in NZ. We have been approached by someone in the USA who suggested we deposit $’s into an Australian UBank account presumably in their name.
Is it possible to ask if a particular agency has an Account with UBank in the USA, just a yes or no please? And if so is there any protection for us in NZ if the other party is fraudulent?
Hi Leigh, we’d suggest you ask the bank directly about this.
Can a cash deposit be made in perth at NAB branch?
Hi Sam,
You can deposit cash into your Ubank account at an Australia Post office.
Thanks,
Alison
UBank does not offer Bank@Post
So use Nab ATM instead to deposit.
Here is the list that tells you what Banks can deposit.
https://auspost.com.au/money-insurance/banking-and-payments/bank-at-post#participating
Hi Takeo,
Thanks for letting us know about this. We’ve updated our pages to reflect the correct information regarding UBank.
Regards,
Alison
Can I manage my UBank account on my MacBook laptop as well as the phone app?
Hi Alain,
Thanks for getting in touch with Finder. I hope all is well with you. 😃
Yes, you can manage your UBank account on your MacBook and phone. You can go to the website of UBank and log into your account. From there, you should be able to manage your account. On your phone, you can download their UBank app from the App Store of Apple.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
How do you transfer the money into the term deposit as there are no branches?
Hi Denise,
Thanks for getting in touch with finder.
You can transfer using Electronic Funds Transfer or BPay. You may want to take note that UBank has no restrictions on how much money you can transfer. Please consider as well that your external bank may impose limits on the amount you can withdraw daily. You’d need to get in touch with them to confirm what these limits are.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua