Was this useful?
Why did you choose this rating?
By
Alison BanneyUpdated
We currently don't have that product, but here are others to consider:
Looking for other options? Check out these similar products.
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:
Looking for other options? Check out these similar products.
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 winners
"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.
Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full bio
Find a better deal, save on your bills and get a free gift card. Sign up to be the first to hear about new Finder Rewards.
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.
Finder is a comparison service. We do not compare every product or every provider in the market.
We make money through commercial arrangements with some of the providers on this site. Products marked 'Sponsored', 'Promoted', 'Featured' or 'Advertisement' appear as a result of a commercial arrangement.
Our editorial content, product reviews and any 'Top Pick' designations are prepared independently of these commercial arrangements.
The default order of products in our tables can be influenced by commercial arrangements. You can re-sort or filter using the controls above each table.
Some content on this site may be generated or supported by AI tools. You should verify details directly with the provider.
Finder is one of Australia's leading comparison websites. We are committed to our readers and stand by our editorial principles.
Our comparison service does not include every product or every provider in the market. Some product issuers offer their products under multiple brands or through associated companies. Where we can, we identify the underlying issuer so you can compare like with like, but you should always check with the provider directly to confirm which brand you are dealing with.
Finder is a comparison website and an intermediary. We are not a product issuer and we do not provide personal financial or credit advice. When you click a link to a product, or apply for a product through our site, you deal directly with the product issuer. We may receive a referral fee, commission or other payment from the issuer if you click through, apply or take out a product. We describe these arrangements in more detail under 'How we make money' below.
Product features, fees, terms and eligibility criteria are set by the product issuer and may change. We rely on information supplied by issuers when we present product details on our site. Before you apply for or take out any product, you should confirm the details directly with the issuer.
We earn revenue from Finder in four principal ways:
Referral fees and commissions. When you click a product link, complete an enquiry form or apply for a product through our site, we may receive a referral fee, commission or other payment from the product issuer. We may also receive payment based on the volume of leads or conversions we send to an issuer.
Sponsored placements. Products marked 'Sponsored', 'Promoted', 'Featured' or 'Advertisement' appear as a result of a commercial arrangement between Finder and the issuer. These labels always indicate a paid placement. We do not use them for editorial choices.
Display advertising. Banner advertising, newsletter advertising and similar display ads on our site are paid by advertisers.
Content sponsorship. Some articles, videos and social media posts are sponsored by an issuer and are clearly labelled as such.
Our editorial opinions, product reviews and any 'Top Pick' designations are prepared independently of these commercial arrangements. A 'Top Pick' is an editorial choice made by our writers and editors based on the criteria described on each comparison page. A 'Top Pick' is not a personal recommendation and does not mean the product is appropriate for your circumstances.
If you would like to know whether we have a commercial arrangement with a specific product issuer, please contact us.
When products are grouped in a table or list, the default order can be influenced by commercial arrangements we have with product issuers. In some categories, sponsored or featured products appear in the top positions of the table by default, and are always labelled as such.
Other factors that influence default order include price, fees and features, and (where relevant) our editorial view of the product.
You can re-sort every comparison table using the controls above the table. You can filter by product features that matter to you. The order you see after re-sorting or filtering is not influenced by commercial arrangements.
Some content on this site is generated or supported by artificial intelligence tools, including our AI-powered assistant FinderBot. AI-generated content may contain errors. Please verify important information directly with the product issuer before making a financial decision. For more information about FinderBot, see the FinderBot Terms of Use and FinderBot Privacy Collection Notice.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Thank you for your feedback
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
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