ING Savings Maximiser vs ubank Save Account
Rates and conditions verified 14 June 2026
Rates can change without notice. Last verified: 14 June 2026 (AEST). Please confirm details on the bank’s official page.
Two of Australia's most popular bonus savers, side by side. ING rewards a monthly deposit plus card spend; ubank leads with an intro rate and a simpler balance-growth condition. Here's which suits you.
At a glance
| ING Savings Maximiser | ubank Save Account | |
|---|---|---|
| Maximum rate (p.a.) | 5.50% | 5.85% |
| Ongoing / base rate (p.a.) | 0.01% | 5.10% |
| Condition to earn it | Deposit $1,000+ and make 5+ card purchases each month | Grow your combined Save balance each month (no card spend) |
ING Savings Maximiser
Condition: Deposit $1,000+ and make 5+ card purchases each month
Best for: everyday bankers happy to run their salary and card spending through ING to lock in the ongoing bonus rate
- • Ongoing bonus rate — not an intro teaser that reverts
- • Conditions reset monthly; miss a month and you drop to the base rate
- • Rewards active transactors over passive savers
ubank Save Account
Condition: Grow your combined Save balance each month (no card spend)
Best for: savers who want a top headline rate without juggling card-purchase counts
- • Higher headline rate, helped by an introductory boost for new accounts
- • Condition is simply growing your balance — no minimum card purchases
- • Solid ongoing base rate even if you miss the growth condition
The verdict
Pick ubank if you want the higher headline rate with a low-friction condition — just keep your balance growing — and don't want to track card purchases. Pick ING if you'd rather an ongoing bonus rate that doesn't lean on an introductory period, and you already deposit your pay and spend on a card each month. The gap narrows once ubank's intro period ends, so for a long-term home check the ongoing rates side by side below.
FAQs
Does ubank really pay more than ING?
ubank carries the higher headline rate, partly from an introductory boost for new accounts. ING's bonus rate is ongoing rather than introductory, so compare the ongoing rates in the table above for a long-term view — the headline gap narrows once any intro period ends.
Which has easier conditions, ING or ubank?
ubank's condition is simpler — grow your combined Save balance each month, with no card-purchase requirement. ING requires a $1,000+ monthly deposit plus 5 or more card purchases. If you don't use a debit card much, ubank is easier to keep qualifying for.
Can I have both an ING and a ubank account?
Yes. Both are everyday-accessible deposit accounts and there's no rule against holding both. Some savers keep one as their main bonus saver and the other for a separate goal — just remember each account's bonus condition has to be met on its own each month.
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Information verified 14 June 2026. Rates are variable and subject to change. Confirm current rates and conditions on each provider's website before applying. This is not financial advice.