There are always a lot of questions regarding UBank and if it is safe to bank with them. The answer, yes, of course they are safe! UBank has been around for the past couple of years and is currently offering up some superb products such as the UBank USaver and various term deposits and home loan offerings.
UBank is 100% safe. UBank is backed by NAB, one of Australia largest banks. This means that you have all the security features and piece of mind you get from a large bank, but the personal touch of a small bank. You get the experience and resources of NAB, but maintain the philosophy of UBank, which is passing on savings to customers.
You will also get piece of mind knowing you can access your money 24/7 with UBanks brilliant internet banking platform or through phone banking. You can also talk to a real person 24/7 through Skype, so you never will be out of touch!
UBank doesn’t have branches. They are purely an online bank and that is how they are able to offer extremely competitive interest rates, both with savings accounts, term deposits and with loans.
The UBank USaver is a great high interest savings account and if you want to save some money with a superb bank, than UBank is a good call!