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  • USaver


    USaver base variable rate

    Earn more on your savings, faster

    Boost your bank balance with UBank's award-winning,
    high-interest savings account

USaver features & benefits

A safe unlocks to reveal a new car and an island getaway
  • Interest calculated daily, paid monthly
  • No fees
  • Quick and easy online application process
  • Flexibility to move and manage your money 24/7
  • Transfer funds to any Australian bank account
  • Effortless saving with an Automatic Savings Plan (ASP)
  • No minimum balance
  • Online savings tools – track your progress


More about setting up an ASP

Savings accounts that reward you

Decide which USaver product is best for you


USaver Reach





Over 18 years old

18-29 years old

Max investment



Base variable rate

2.31% p.a. *

2.81% p.a.

* You can earn a Bonus Rate on your USaver when you open a USaver Ultra account. Visit
USaver Ultra for all the information you need on opening an account and earning the Ultra Bonus Rate.

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


See how our rates compare

Commonwealth Bank
Suncorp Bank
InstitutionProductMaximum Interest rate p.a.Standard Variable rate p.a.
UBankUSaver with Ultra3.37%2.31%
ANZOnline Saver2.85%2.00%
BankwestSmart eSaver2.80%0.01%
BankwestTeleNet Saver3.10%1.95%
BOQWebSavings Account0.01%0.01%
CitibankOnline Saver3.40%2.40%
Commonwealth BankNetBank Saver2.85%1.85%
ING DIRECTSavings Maximiser3.50%2.25%
RaboDirectHigh Interest Savings- Personal3.50%2.55%
Suncorp BankEveryday Options Sub-account2.20%2.20%


Information accurate as at 16 November 2015. Source: CANSTAR

Note: Some rates displayed may include promotional/bonus rates. Competitor rates shown are as notified to CANSTAR during the previous business day.

Rates shown above are the nominal interest rates for amounts of $1,000. Interest is generally calculated daily and payable monthly, however, this may vary from institution to institution.

The USaver with Ultra maximum interest rate includes the Ultra Bonus rate. To be eligible to receive the bonus rate in any month you must, in the previous month, have deposited at least $200 to your USaver or USaver Ultra from an external source and maintain a total balance of not more than $200,000 across all of your USavers / USaver Ultra (inclusive of all joint accounts).

The maximum interest rate of other financial institutions may include introductory rates that apply for a certain period of time and bonus rates (such as loyalty or savings bonuses) that apply after satisfying certain criteria. For terms and conditions of introductory and bonus rates, refer to each provider's websites.

Financial data provided by Canstar Research Pty. Ltd. AFSL and Australian Credit Licence 437917. See Canstar's FSG & Credit Guide

Ratings & reviews

Don't just take our word for it. Here's what our customers have to say ...

5 stars

UBank ... You beauty!

UBank offers a great rate of interest, compared to other financial institutions and it's a breeze to monitor your account.

Peter, NSW

5 stars

Terrific accounts ... would recommend to everyone

I have had a UBank account since they were first introduced.

Now I have linked a new UBank Ultra to the first account. And am very impressed to be able to have ATM and Eftpos access as well, on top of receiving high interest rates. The person who thought up the idea of the Sweep system is brilliant.

sue1950, VIC

5 stars


Great products and rates. The automatic savings bonus is a nice incentive to save and it's nice to be able to call up and speak to a human.

Amiya, SA