Most banks do not pay you any interest for money that you may have in your savings account, apart from this they are also very quick to charge monthly account keeping fees just to leave the account open. With the UBank USaver account you don’t have to worry about this, you get a high interest rate on all your money and you are never charged any fees. Read on for more information about this account.
Are you sick and tired of your bank charging monthly account keeping fees just to store your money? Or are you simply not happy with interest rates your bank provides? If so you are not alone, there are many people who are not happy with their bank but most are not aware of the best alternatives on the market. The UBank USaver account is perfect for those who would rather increase their savings instead of wasting their money on bank fees.
Features
The UBank USaver account is great for anyone who wants to make their money work harder. It offers a very high interest rate with no monthly account keeping fees. In fact the UBank USaver account provides an assurance that the interest rate will always be higher then the online interest rate of major competitors such as the ANZ Online Saver, Westpac eSaver, StGeorge Direct Saver, Bankwest TeleNet Saver, ING Direct Savings Maximiser and the Commonwealth Bank NetBank Saver.
With the USaver account you have the flexibility to decide how much you want to keep in your account. There is no minimum amount of money required in your account, however there is a maximum of 1 million dollars per customer.
The USaver account also allows you to set saving goals. You can create a new account for each of your savings plan, and if you have a savings plan of $100 a month or more, you will also be eligible for a 0.10% per annum bonus interest.
Deposit and Withdrawals
You can make direct deposits into and withdrawals from your USaver account using any bank account in Australia, USaver or not. You also have the option of setting up periodic payments to and from your USaver account.
UBank gives you the option of making cheque deposits into your USaver account and your salary can also be be deposited into your account, allowing you to maximise your earnings.
UBank’s application process is very simple and you can apply online for a fast answer. All you have to do is submit your personal details and you will have your account running in next to no time.
The UBank USaver account is a smart solution to all your banking needs and this account is designed to help you reach your savings target quicker. It was named the Best Online Savings Account 2010 by Money magazine, a feat which was achieved in the very first year the account service launched. This shows that the USaver account is the best in the business.
