Best Transaction/Savings Account Ever!!!!!!!
Tegan8
01/03
This account is simply amazing. Hands down the best account I have ever owned. Love it.
Skip to Content
-
No monthly fees
No international fees
Bonus rate
- Interest earned on nominated Savings account only. Rate includes 1.06% p.a. bonus rate. Conditions apply.
01
Features
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. Bonus rate criteria [01].
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.
No overseas fees
We don’t charge ATM withdrawal and foreign exchange fees when you access your Ultra transaction account overseas, or for online purchases with overseas merchants.
[01] 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.
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 TO
If your transaction account exceeds the maximum limit, we'll automatically sweep that extra money into your savings account so it can earn interest.
SWEEP FROM
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.
02
Fees
What are the USaver Ultra fees & charges?
Here’s the breakdown.
Fees
Charges
Monthly account fee
$0
Overdrawn fee
$0
ATM withdrawal fee (Australia)
$0 at any NAB operated ATM.
Other operators may charge a fee to use their ATM.
ATM withdrawal fee (Overseas)
$0
A fee may be charged by the operator of the ATM.
Foreign exchange fee
0%
This includes no foreign exchange fee for online purchases with overseas merchants.
Merchants may charge their own fees when you pay for goods and services using your UBank Visa Debit card.
03
Calculators
Find out how your money can grow
04
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!
- You are unable to open a USaver Ultra transaction account from your mobile or within the UBank iOS and Android apps.
05
Reviews
Here’s what our customers have to say.
Innovative Banking
Dajovic
02/03
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
03/03
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.
UHomeLoan info: Govt charges may apply. The comparison rate is based on a secured loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given & may not include all fees & charges. Different terms, fees or other loan amounts might result in a different comparison rate. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.