UBank USaver

Moneybuddy says

UBank USaver Online Savings account backed by NAB. Enjoy a bonus rate of 0.60%p.a. above the base rate of 5.41%p.a, bringing the total to 6.01% p.a when you deposit at least $200 per month with an Automated Savings Plan. Opening an account is easy and only takes a few minutes. There is no minimum investment and enjoy no fees.

The Basics

Interest paid Monthly

Interest calculated Daily

Headline interest rate p.a. 6.01%

Monthly fee $0

Account type Savings

The cool stuff: features

ATM access -

EFTPOS access -

Branch access -

Internet Banking Yes

Age restrictions -

Cheque book facility -

Debit card -

BPAY -

GiroPost -

Phone access Yes

The Facts & Figures

Balance less than $1k (p.a.) 5.41%

Balance less than $5k (p.a.) 5.41%

Balance less than $25k (p.a.) 5.41%

Balance greater than $100k (p.a.) 5.41%

Min. balance $0

Min. opening deposit $0

Number of free elect transactions per month -

The ugly stuff: fees

Other bank ATM fee -

EFTPOS transaction fee -

Branch assistance fee -

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UBank says

Introducing an online, high interest savings account that gives you a great interest rate, easy access to your money, 24/7 online AND rewards you for regularly saving.

With every USaver savings account, you'll get:

A genuine high interest savings account - calculated daily, paid monthly

No fees or charges whatsoever

A simple online account opening process plus access to a real person 24/7

Savings Buckets - create different savings accounts for each of your savings goals in just a few clicks

Our useful Goal Tracker online savings tool. Goal Tracker will help you learn how to save money to achieve your goals

Easy online account management - transfer funds out anytime

Your choice of alerts sent to you via email, SMS or secure mail

No minimum amount and a maximum balance of $1 million dollars per customer

USaver has been judged the Best Online Savings Account 2011 in Money magazine's 'Best of the Best' awards - in the Best Savings Account category.

Key features

High interest rates - calculated daily, paid monthly
No fees
Savings Buckets, create different accounts for each of your savings goals in just a few clicks
An Automatic Savings Plan option that makes regular contributions from another Australian bank account. Our useful Goal Tracker online savings tool
The flexibility to transfer funds to any Australian account with our 'Pay Anyone' feature
Your choice of alerts sent to you via email, SMS or secure mail
No minimum amount and a maximum balance of $1 million dollars per customer