You can get two different savings accounts with uBank – USave, and USave with USpend. You can earn a bonus rate with USave when you open a USpend transaction account and make monthly deposits of at least $200. An online-only bank, uBank also offers term deposits and home loans. It was founded in 2007 and is owned by NAB.

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Bank Accounts

Nick Bendel

Property & Personal Finance Writer

Content updated25 May, 2022

Product data updated22 Oct, 2023

Important disclosure

Why choose ubank

Benefits

No monthly fees or minimum balance

Drawbacks

Maximum interest rate comes with conditions

ubank Savings Accounts

Starting deposit

Monthly deposit

For time period (in months)

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Starting deposit

Monthly deposit

Time period (in months)

Account type

Junior Saver

Conditional Saver

Introductory Saver

Standard Saver

Features

No account keeping fees

Unlimited withdrawals

Linked account not required

Online access

Branch access

Kids savers

Yes

Providers

Type of lender

Big 4 bank

Bank

Non-Bank

Mutual

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Savings Accounts calculator

Use our savings account calculator to see how much you can earn under different investment scenarios.

Initial deposit

Monthly deposit

Period

months

Your monthly interest earned would be

at interest rate 1.00 %

Total interest earned

$56

Total amount

$6,256