Why our Save account
What's in it for you
Our high interest savings rate
What makes up our total interest rate
Want bonus interest on all your Save accounts?
All you need to do is have a Spend account and deposit $200+ per month into any Spend or Save accounts (not including internal transfers) to get the bonus interest rate. Easy.
Take money out at any time without affecting your bonus rate.
Open up to 10 Save accounts and get bonus interest on all of them, including shared Save accounts.
Get bonus interest on a combined balance of up to $250K across all your Save accounts.
Don’t miss out on bonus interest with the help of our friendly nudges.
Explore how we're different
We’re not like other banks. We’ll help you hit targets, access your savings when you need to and give you the visibility you need.
Hit all your savings targets, right on the money
Create up to 10 Save accounts and set targets on any of them.
We’ll help you smash your goals. Tell us when you want to hit your target and we can show you how to get there one step at a time.
Edit your target at any time and we’ll adjust your plan to get there.
Pay straight from your Save account
Pay bills straight from your savings accounts, without needing to transfer to Spend.
Set up direct debits and pay bills using BPAY from your Save accounts, to make life a little easier.
Earn interest on your money in savings for as long as possible before paying your bills.
Almost instant access to your savings when you need it
Transfers in and out of your Save account are almost instant via PayID and Osko (if the other bank has it).
Life happens, so you can take money out at any time without affecting your bonus interest rate – it’s your money after all!
It’s okay to see other banks
See your money in one place by connecting to over 140 other financial institutions.
You can even connect your super and investments to get the whole picture of how your money is moving.
With an easy savings graph, you can see your total savings across all your connected accounts.
Plus get 2 more accounts, a Spend and a Bills
When you join ubank, you’ll get 3 accounts, a Spend, a Bills, and a Save. Our accounts come with handy features to manage your money and have no everyday fees.
How to get started with ubank
You can start using your Spend, Bills, and Save accounts in minutes
Download the app
Enter your ID and personal details
Start using your new accounts
To join us, you’ll need to be over 16 years old and an Australian citizen or permanent resident.