Make the most of your money with our USave savings account and USpend transaction account. Here, we look at the differences between the accounts, and the perks of having both!
USave is our savings account, made to stash your cash and earn interest on your savings. When you sign up to UBank, it’s the first account you’ll open with us.
Once you’ve joined, you can also open a USpend. This one’s a transaction account, where you can spend your hard-earned moolah on daily expenses, bills and treat yourself moments, of course.
Linking a USpend with USave opens up a world of awesome in-app features like:
Plus, you could unlock our competitive bonus variable interest rate** on eligible amounts in up to 10 USave accounts in a calendar month. Just make sure you have both a USpend and USave account and you deposit $200 (or more!) from a non-UBank account during the same month to grab our great bonus rate that month. The bonus variable interest rate will be applied to a combined balance of up to $250,000 held in your USave account(s) (including joint accounts). Any remaining balance greater than $250,000 will earn the USave base variable rate. Bonus interest is earned the same month you meet the bonus interest criteria.
Our epic bank accounts are here to help give more bang for your buck while keeping track of your spending and saving. Now you know what USave and USpend are, take charge of your money by signing up today.
* ATM owners and some stores might charge you fees for using their ATM or paying using a Visa Debit Card.
** To qualify for the bonus variable interest rate on eligible amounts in your USave account(s) in a calendar month, you must have both a USave and USpend account and deposit $200 or more into your USpend transaction account or your linked USave savings account from a non-UBank account during the same month. The bonus variable interest rate will be applied to a combined balance of up to $250,000 held in your USave account(s), including joint accounts. Any remaining balance greater than $250,000 will earn the USave base variable rate. Bonus interest is earned the same month you meet the bonus interest criteria and paid by the first day of the following month.
The information contained in this article is of a general nature only. It doesn’t take account of any person’s objectives, financial situation or needs. Before acting on this information, you should consider whether it is appropriate for your circumstances and seek independent legal, financial, and taxation advice.
Before making a decision to acquire a USave or USpend, you should obtain and consider the relevant Terms and Conditions available at ubank.com.au. USave and USpend are issued by UBank, a division of National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 (NAB).