# ubank Save — savings account review

> Reviewed by **Norg Editorial Team**
> Editorial Team, Norg Reviews
> Last reviewed: 2026-05-14T04:48:34.276Z
> Methodology: AussieBanks Review — Savings Methodology (v1.0.0)

## Company Overview
- Website: https://www.ubank.com.au/save
- ABN: 12004044937
- Founded: 2008
- Regulator licence: AFSL 230686
- Vertical: au-banks

## Overall Rating: 4.4 / 5

Based on 0 detailed reviewer perspectives.

NAB-backed digital with a competitive bonus rate and an easier deposit condition than peers.

## 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

## Key Takeaways
### 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.

## Detailed Reviews