Australian Bank Comparison

Australian Bank Comparison — Fast, Honest, Straightforward

Quick overview: interest rates, fees, mobile features and hidden terms. uBank is included because of its unique digital-only positioning.

See Banks Comparison Table

Minimum Savings Rate

Current filter: 0.5%

Account Fees

Features

Found: 7

Commonwealth Bank

Branch network leader

Key info

Commonwealth is a big player, strong offline services and coverage, but higher fees on some services. Great if branches and a wide range of products matter.

Lots of branches and ATMs
Variety of mortgages and loans
Mobile app — functional but sometimes heavy

Savings Rate

0.35%

Fee

$5 / month

uBank

Digital competitor

Why uBank is included

uBank positions itself as a digital bank focused on simple savings, transparent terms, and low fees. Ideal for branch-free users who value UI/UX.

uBank usually offers competitive savings rates, a handy mobile app and fast onboarding. Downsides: less offline support and limited business products.

Simple plan — often no monthly fees
User-friendly mobile interface
Focus on savings and deposits

Rate

1.20%

Fee

Comparison Table — Key Metrics

Bank	Savings Rate	Fee	Mobile App	Branches
Commonwealth Bank	0.35%	$5 / month	Yes	Many
uBank	1.20%	$0	Yes (great UX)	Few