Ubank Usaver Account Overview and Guide

The Ubank Usaver Account is a great way to start saving, with a low minimum balance requirement of $1. You can easily open an account online or in-branch.

One of the standout features of the Usaver Account is its low fees, with no monthly account keeping fee for balances over $2,000. This means you can keep more of your hard-earned cash.

To get started, you'll need to deposit at least $1 into your account, and you can do this easily online or at a Ubank branch.

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The Ubank USave account is a great option for those looking to save money. You can earn up to 5.50% p.a. on your balance.

To open an account, you'll need to be at least 18 years old. There's also a minimum opening deposit of $0, which means you can start saving with no initial funds.

One of the best things about the Ubank USave account is that it has no monthly account fee, so you won't be charged for keeping your money in the account.

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Here are some key features of the Ubank USave account:

You can make withdrawals at any time, and there are no withdrawal restrictions. This means you can access your money when you need it.

Monthly repayments are estimates that exclude fees and are based on the advertised rates for the specified term and loan amount.

Actual repayments will depend on your circumstances and interest rate changes, so it's essential to consider these factors when planning your finances.

Monthly repayments will be based on the selected products' advertised rates and determined by the loan amount, repayment type, loan term, and LVR as input by the user.

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The maximum variable rate of 5.5% is available on this account, but you'll need to meet certain conditions to earn it.

To qualify for this rate, you must link the account to a Ubank Spend account and transfer at least $500 per month into either account.

Bonus interest is available on balances up to $100,000 per customer, making this a great option for those with larger savings goals.

You'll get a Spend account at the same time when you open a High Interest Save account, so it's a convenient and straightforward process.

Monthly repayment figures are estimates that exclude fees, and actual repayments will depend on your circumstances and interest rate changes.

These estimates are based on the advertised rates for the specified term and loan amount.

To give you a better idea, monthly repayments will be based on the loan amount, repayment type, loan term, and Loan to Value Ratio (LVR) you input.

Keep in mind that actual repayments may vary if the interest rate changes.

To apply for an UBank USaver account, you'll need to meet the eligibility criteria, which includes being an Australian citizen or resident, and having a valid email address and mobile phone number.

The application process is straightforward and can be completed online or over the phone.

UBank offers a range of account options, including the UBank USaver, which is designed for savers who want to grow their money over time.

The interest rate on the UBank USaver is competitive, with a variable rate of 2.65% p.a. and a fixed rate of 2.85% p.a. for terms up to 5 years.

You can make deposits into your UBank USaver account via online banking, phone banking, or at a RediChip ATM.

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