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Neo/Digital Banks

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#1 IamOzgirl

Posted 24 February 2020 - 09:12 AM

There a few of these coming into the Aussie Market.

I created an account with UP Bank, baked my Bendigo & Adelaide bank - so covered by the Aust government saving guarantee.

2.25% interest (best high street rate... can't find any higher) and to qualify you need to tap and go 5 times a month


But only earn bonus interest up to $50k

The next one is '86400'


Same interest as above but up to $100k, but you need to deposit $1000k each month to get the bonus interest. So for me I am preferring Up (keeping my main account to ING for Mortgage.

There is another one coming out called Douuugh. But has a waitlist.

#2 LambChop

Posted 24 February 2020 - 07:26 PM

This site gives good comparisons

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