ubank Save — savings account review
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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: 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
1. Big-Four ownership gives FCS-protected deposits with neobank UX

CONS
1. 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