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  • Savings + Transaction Accounts 
    up to 2.87% p.a.[01]

    Connecting an everyday transaction account to your savings account helps you save easily and spend conveniently with no ongoing fees.

    1. Interest earned on nominated Savings account only. Rate includes 1.06% p.a. bonus rate. Conditions apply.



Why add a USaver Ultra transaction account to your USaver savings account?

No monthly fees

We don’t charge you monthly account keeping fees like some other banks.

Bonus rate

Eligible savings account customers can add a transaction account to earn an extra 1.06% p.a. bonus interest on their savings account.

To get the bonus rate, you must deposit at least $200 a month into your USaver Ultra transaction or USaver savings account from a non-UBank account (for example, your salary). Also, the total balance of all your accounts must not exceed $200,000.

Provided you meet the criteria in the current month, you’ll start earning the bonus interest on your linked USaver savings account from the 1st of the following month.

Sweep technology

Brand new Sweep Technology helps you earn maximum interest on your savings and have convenient access to your spending money 24/7.


USaver Ultra gives you universal shopping options including a UBank Visa Debit card with Visa payWave, BPAY® and Direct Debit straight from your transaction account.


Convenient 24-hour access to your money with UBank Internet Banking, NAB ATMs and rediATMs help keep your finances at your fingertips.

Built-in sweep technology

Sweep technology helps ensure you have the money you need on hand 24/7 in your transaction account, while the rest works hard in your savings account earning interest.

How? The Sweep automatically moves money between your linked transaction and savings accounts each night, based on the limits you set, without you having to lift a finger.

Then if, for some reason, you need to spend a bit more, depending on the type of transaction, Sweep will also automatically move money from your savings in real time, so you won’t be declined or overdrawn.

Sweep info


If your transaction account exceeds the maximum limit, we'll automatically sweep that extra money into your savings account so it can earn interest.


If your transaction account dips below the minimum limit, and assuming there’s enough money in your linked savings account, we’ll automatically sweep some money from your savings account to top up your transaction account, ready for the day ahead.


How to open

Add a transaction account to your savings account.

Opening a USaver Ultra transaction account is easy.

Simply make sure you have an active UBank USaver savings account with a balance of at least $1.

If you don’t already have a USaver savings account, you can open one here. Then follow the steps below to get started with USaver Ultra.

Log in to UBank’s Online Banking from your computer[01]

  • Go to the ‘Managing’ tab
  • Click ‘New Account’
  • Click on the ‘USaver Ultra’ button
  • Get ready for a whole new way to manage your money!
  1. You are unable to open a USaver Ultra transaction account from your mobile or within the UBank iOS and Android apps.


Savings calculator

Enter in your savings target and the amount you will regularly contribute to find out when you can expect to reach your goal.



Here’s what our customers have to say.

Best Transaction/Savings Account Ever!!!!!!! Tegan8

This account is simply amazing. Hands down the best account I have ever owned. Love it.

Innovative Banking Dajovic

I’ve been with UBank for four years now. I had the USaver account and term deposits with UBank because they offered the very best rates. I always look for security for my savings and UBank has the backing of NAB. Ultra transaction account has a very clever way of sweeping funds into savings for even more interest.

good product shanners

Like many others I had a bit of trouble getting my head around this new arrangement but now love it. The sweep system works wonderfully.