Up Bank
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Up is an Australian digital banking brand of Bendigo and Adelaide Bank Limited, launched in 2018 through a partnership with software company Ferocia. It provides spending and savings accounts, joint banking and home loans, with services managed through the Up app. Its features include savings goals, spending insights and tools for managing bills and shared expenses. Up-branded banking products are issued by Bendigo and Adelaide Bank.
| Legal name | Bendigo and Adelaide Bank Limited |
|---|---|
| ABN | 11068049178 |
| Ownership group | Bendigo and Adelaide Bank Group [2]Controlling entity: Bendigo and Adelaide Bank Limited |
| Deposit issuer | Bendigo and Adelaide Bank Limited [4] |
| Deposit protection | Eligible AUD deposits are covered up to $250,000 per account holder across this issuer, including its other brands. [5] |
| Same issuer brands | BendigoEligible deposits across these brands share the issuer’s FCS limit. |
| Launched | 2018, through a partnership between Ferocia and Bendigo Bank [2] |
| Ownership | Part of the Bendigo and Adelaide Bank group. Ferocia was acquired in 2021 [2] |
| Banking channels | App-based banking and in-app support [4] |
| Banking access | App-based banking, no customer branch service is offered by Up. [4] |
Savings rates
Compare allRates p.a. at a balance of $699.
| Essentials Saver | Visit | 2.00% | 2.00%Ongoing cap: No cap | No cap | - | - | - | 0 | - | $0 | 0 | - | - | 16 | - | $0 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Essentials Saver (2Up) | Visit | 2.00% | 2.00%Ongoing cap: No cap | No cap | - | - | - | 0 | - | $0 | 0 | - | - | 16 | - | $0 | - |
| Saver (2Up Flow) | Visit | 0.00% | 2.00%Ongoing cap: No cap | No cap | - | - | - | 0 | - | $0 | 5 | - | - | 16 | - | $0 | - |
| Saver (2Up Grow) | Visit | 0.00% | 5.60%Ongoing cap: $250K | $250K | - | - | - | 0 | - | $0 | 5 | - | 0 | 16 | - | $0 | - |
| Saver (Flow) | Visit | 0.00% | 2.00%Ongoing cap: No cap | No cap | - | - | - | 0 | - | $0 | 5 | - | - | 16 | - | $0 | - |
| Saver (Grow) | Visit | 0.00% | 5.60%Ongoing cap: $250K | $250K | - | - | - | 0 | - | $0 | 5 | - | 0 | 16 | - | $0 | - |
Source: noren.com.au
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Savings products
Up Essentials Saver
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements.
Up Saver
A variable-rate savings account. Bonus interest depends on meeting the account’s monthly requirements.
Useful links
Similar institutions
Sources and review
- Terms and product information (up.com.au)
- Up and Bendigo Bank (up.com.au)
- Up website (up.com.au)
- Support and FAQs (up.com.au)
- APRA FCS institution list (apra.gov.au)
- APRA ADI register (apra.gov.au)
Up Bank data reviewed . Next profile review due .