1 live product
UBank
Best available rate
5.35%p.a.
Save Account
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
0.00%
Bonus
4.60%
Conditions
Bonus rules apply
Finding the best rates…
Savings Accounts Comparison
Bank One
UBank
Best available
Up to 5.35% p.a.
Line-up
1 live product
VS
UBank vs Westpac
Compare UBank and Westpac savings accounts side by side. In March 2026, UBank offers 1 account with rates up to 5.35% p.a., while Westpac has 4 accounts reaching 5.25% p.a. UBank currently leads by 0.10%.
VS
4 live products
Westpac
Best available rate
5.25%p.a.
Westpac Life (Under 35)
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
0.10%
Bonus
5.15%
Conditions
Bonus rules apply
Live edge
UBank leads on headline savings rate by 0.10% p.a. right now. Use the feature table below to see whether that edge comes with extra conditions.
0.10% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | UBank | Westpac |
|---|---|---|
| Max rate | 5.35% | 5.25% |
| Base rate | 0.00% | 0.10% |
| Bonus rate | 4.60% | 5.15% |
| Has conditions | Yes | Yes |
All UBank Products
Every tracked savings accounts option from UBank.
All Westpac Products
Every tracked savings accounts option from Westpac.
In March 2026, UBank's Save Account offers up to 5.35% p.a., while Westpac's Westpac Life (Under 35) reaches 5.25% p.a. (0.10% base + 5.15% bonus). UBank currently leads by 0.10% p.a.
UBank's rate includes an introductory component for 4 months. UBank's rate applies on balances up to $1,000,000.
UBank has 1 savings product and Westpac has 4, giving you a range of options to compare.
Quick Comparison
| Feature | UBank | Westpac |
|---|---|---|
| Max Rate | 5.35% | 5.25% |
| Base Rate | 0.00% | 0.10% |
| Bonus Rate | 4.60% | 5.15% |
| Conditions Required | Yes |
Common Questions
UBank vs Westpac FAQs
Which bank has the better savings rate, UBank or Westpac?
UBank currently offers the higher rate at 5.35% p.a., compared to 5.25% p.a. Rates are sourced from live data and change frequently.
What is UBank's best savings account rate in 2026?
UBank's best savings rate is 5.35% p.a. on the Save Account. This rate requires meeting monthly bonus conditions.
What is Westpac's best savings account rate in 2026?
Westpac's best savings rate is 5.25% p.a. on the Westpac Life (Under 35), consisting of a 0.10% base rate and 5.15% bonus rate. This rate requires meeting monthly bonus conditions.
Do UBank and Westpac savings accounts have conditions?
Both UBank and Westpac require meeting monthly conditions to earn their full bonus rates.