This account has all the attraction of a much more expensive savings account, but with no fees, and a few nifty online savings tools thrown in for good measure. The excellent interest rate, attractive online features and affordability of the account will make it a great option for anyone looking to save.

What is the UBank USaver Reach Account?

The UBank Usaver Reach Account is an online savings account with a difference. As well as the high interest rate calculated daily and paid monthly, this saving account also includes an automatic savings plan, which sets up contributions from another Australian bank account on a monthly basis, and, if used, earns customers a savings bonus on top of the interest rate for balances of up to a certain limit per person. That means the money works hard for you and there is real encouragement to save.

Is This the Account For Me?

This account will suit someone who is looking for a good savings account, and perhaps needs a little support with planning and incentives to save. As mentioned above, the savings bonus is a very attractive feature, but the account also comes with a useful goal tracker online savings tool, to help customers see their progress towards their savings goals. As well as this, the account allows customers to set up savings buckets, or different accounts for each of their savings projects with a few simple online processes, helping to keep their finances in good order.

The Advantages of the UBank Usaver Reach Account

Obviously, the most attractive feature of this account is the interest rate, but this is comparable to other online savings products. The other bonus of this account is the amount of user simplicity, support and access that comes free with the account. The goal tracker, automatic savings plan, savings buckets and bonuses mean that even the most disorganised of savers can get their finances on track and see how their money is working hard for them; a refreshing change in the confusing world of banking. Additionally, the lack of a minimum amount to open the account and the lack of fees makes this account a cheap product too.

Am I Eligible For This Account?

To open a UBank USaver Reach Account, applicants must be an existing UBank customer. They must also be over the age of 18 years, and have an Australian residential address for tax purposes. Applicants must have a mobile number and email account for contact purposes too.

How Do I Open a UBank USaver Reach Account?

Customers can apply for this account by filling out a quick and easy online application form.