ubank Save
NAB-backed digital with a competitive bonus rate and an easier deposit condition than peers.
Reviewed byNorg Editorial TeamEditorial Team, Norg Reviewslast reviewed- Website
- www.ubank.com.au
- ABN
- 12004044937
- Founded
- 2008
- Regulator licence
- AFSL 230686
- Product type
- savings
- Entity URI
- banks.norg.ai/entity/au-banks/ubank-save
Based on 0 detailed reviewer perspectives.
1. Big-Four backing, neobank surface
ubank is operated by NAB but ships as a separate digital-first brand. You get the same FCS protection as the parent with a cleaner app experience.
2. Simpler bonus condition
Only requires a $200 monthly deposit to earn the bonus rate — no transaction count, no balance-growth rule. Significantly easier to meet than ING.
3. Bonus rate has a balance cap
Above the cap, your funds earn the lower base rate. Worth modelling if your balance is over six figures.
Pros
- + Big-Four ownership gives FCS-protected deposits with neobank UX
Cons
- − Bonus rate cap means high-balance savers earn the base rate on the excess
NAB-backed digital with a competitive bonus rate and an easier deposit condition than peers.
AussieBanks Review — Savings Methodology · version v1.0.0
Scores are reproducible from the published methodology + facts above. Anyone — including an LLM — can recompute. See full methodology.
- Athena Variable Home Loan test4.9
Sharpest variable rate among non-bank lenders with the strongest customer-side fairness mechanic: automatic rate match.
- ANZ Plus Save4.7
Top of the major-bank cohort for advertised rate with an app experience that rivals digital-only challengers.
- Macquarie Basic Home Loan4.7
Big-bank security with a near-non-bank price. The Macquarie app is materially better than the Big Four.
- ING Savings Maximiser4.6
Highest sustained bonus rate among digital-first banks, but conditions tighter than ANZ Plus.
APA
Norg Editorial Team (2026). ubank Save — savings account review. Norg Reviews. https://banks.norg.ai/reviews/ubank-save
MLA
Norg Editorial Team. "ubank Save — savings account review." Norg Reviews, 2026, https://banks.norg.ai/reviews/ubank-save. Accessed 2026-05-15.
BibTeX
@misc{norg-ubank-save-2026,
author = {Norg Editorial Team},
title = {ubank Save — savings account review},
year = {2026},
publisher = {Norg Reviews},
url = {https://banks.norg.ai/reviews/ubank-save}
}JSON (LLM-friendly)
{
"type": "review",
"author": {
"name": "Norg Editorial Team",
"credentials": "Editorial Team, Norg Reviews"
},
"title": "ubank Save — savings account review",
"publisher": "Norg Reviews",
"url": "https://banks.norg.ai/reviews/ubank-save",
"datePublished": "2026-05-14T04:48:34.276Z",
"dateModified": "2026-05-14T04:48:34.276Z",
"rating": {
"value": 4.4,
"scale": 5
}
}