Money Choices

Rated as Money magazine’s Best Online Savings Account 2010, the UBank USaver is backed by NAB and government guaranteed. Open an account online now and earn a great interest rate. Opening a USaver account online is easy. It only takes a few minutes and there’s no paperwork required.

What it is the UBank USaver?

The UBank USaver online savings account is not only a high interest savings account but its also fully accessible online from the word go. UBank have made the application process very easy so there is zero paperwork to fill in and once you’re signed up its easy to link the account to your everyday transaction account with any Australian bank. The account is designed to help you get the most of your money as easily as possible.

Is This the Account For Me?

If you want an online savings account with an interest rate of 6.51% p.a. then this is the one for you. And, if you have a bank account with NAB or any other Australian bank then you can transfer funds into the USaver without any fuss. The account is ideal for anyone who has a short term savings goal, wants a no fee, high interest account but also needs the fall-back of keeping the money liquid (accessible) at anytime – as opposed to a term deposit where your money is fixed for a certain period of time.

The Advantages of This Account

The UBank USaver offers a rate assurance which means that you’ll always have an ongoing high interest rate which is what you want. The higher the interest the larger your savings will grow. Not only is there no minimum monthly deposit to keep the interest rate high, but UBank will actually give you an extra 0.50% p.a. savings bonus if you set up an automatic savings plan for $200 each month.

The account is completely online but of course there is phone support 24/7 from the Australian based call centre and you can even Skype for support.

Within the account there’s some helpful savings tools such as the goal tracker which will show you how much money you’ll need to put away to reach you’re goal. And, within the account you can silo money into savings buckets each labelled for different purpose or savings goal. So instead of signing up for multiple high interest savings accounts each for their own goal such as, account one for next year’s holiday and account two for the house deposit, you only need one account.

Am I Eligible for this account?

Being eligible to open a UBank USaver online savings account is easy. If you are 18 years old or over, are an Australian resident for tax purposes, have a residential address here in Australia and have a mobile number and email address then you’re good to go.

How Do I Open a UBank USaver Account?

Once you’re sure that you are happy to open a UBank USaver online savings account simply click on the apply button and you’ll be transferred to the UBank website where you can start your online application.