The UBank USaver rate assurance
For the duration of this rate assurance, we will review the UBank USaver interest rate each Friday against leading competitor products. If the UBank USaver rate is lower than any of these competitor products (including "introductory rates"), we will raise the UBank USaver rate to at least that rate.
The duration of this rate assurance is until 31 March 2010.
We may at our sole discretion extend this rate assurance. If we do not extend this rate assurance, it will expire on midnight of 31 March 2010.
The competitor accounts covered by this rate assurance are:
- ING Direct Savings Maximiser
- Bankwest Smart eSaver
- Bankwest TeleNet Saver
- Commonwealth Bank NetBank Saver
- Westpac eSaver
- ANZ Online Saver
- StGeorge Direct Saver
We may change this list at any time without notice by posting a revised list on our website www.ubank.com.au
How we implement this rate assurance:
- We will review the relevant rates at least once per week on Friday - but we may choose to review rates more frequently
- If a relevant competitor product has a higher rate than our UBank USaver, we will increase the UBank USaver rate by the following Friday from the rate review (this is to allow us to update all advertising to the new rate). For example, if we decide to raise the UBank USaver rate on Friday, the new rate will be effective on the following Friday
- We will use the relevant competitors' websites as a source of the comparison prices
- Advertised "introductory" rates are included in this rate assurance
- Unadvertised rates are not included in this rate assurance
