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?
Want more interest on your savings?
Compare now and find a better 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.
Looking for a better bank account?
Compare everyday accounts and find one that works harder for you.
The Ubank Save Account was highly commended for Best Bonus Savings Account in the 2026 Finder Awards.
Full list of 2026 winnersBased on ubank bank account scores in Finder's 2024 & 2025 Customer Satisfaction Awards.
"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."
Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.
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.
If I have a Term Deposit account will I be penalised should I need to withdraw some funds before maturity? What kind of penalty?
Hi Bob,
Thanks for your question.
If you need to make an early withdrawal of your funds, you must let UBank know no less than 31 days prior. Interest will be adjusted by an amount that is deemed reasonable by UBank to cover its cost in maintaining your account. The amount requested to be withdrawn must be in increments of $500, and if a partial withdrawal results in a balance of less than $1,000 the account will be closed and all money transferred into your linked bank account.
There is no other penalty for withdrawing your money before maturity.
For more details about UBank Term Deposit account, please read through this page.
For more options, please feel free to check the list of term deposit accounts featured on our website.
Cheers,
Anndy
What is the best interest rate on offer at present
Hi SSC,
Thanks for your question.
You can sort through interests on our comparison of savings accounts to see rates offered as of this time. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
Cheers,
Shirley
Is Ubank has business account?
Hi Victor,
Thanks for your question.
At the moment UBank currently do not offer business products.
Cheers,
Shirley
I would like to open a joint account with my sister. Although she is an Australian citizen, she is currently not living in Australia. She has an active NAB account and she has a tax file number. Can you please give me some advice if this is possible
Hi Annette,
Thanks for your question.
You can still open a joint account with your sister. It may be handy to have a few of her details ready during the application process because you’ll be required to enter her residential address, TFN etc.
Cheers,
Shirley
Hi Shirley
Just a little confused. No matter which type of joint savings account I try to open, it clearly states that the account holder must be living at an Australian residential address. Can you please advise therefore, which particular savings account I could open in joint names.
REgards
Annette
Hi Annette,
Thanks for your question.
You can use your Australian residential address for both names for the account. If you’re unhappy with this, please speak to the customer service team at UBank to see what other options they could provide you.
On the UBank website it states that a “Second Applicant can be added to a joint application by selecting RETRIEVE APPLICATION from any product application page. To be added to a joint account you will need: The application reference number given to the First Applicant (person who submitted the application); The First Applicant’s last name; The Second Applicant’s email address.”
Cheers,
Shirley