CUA Youth eSaver

3.20% p.a.(for $0 to $5,000)

No Current Offer

CUA Youth eSaver

3.20% p.a.(for $0 to $5,000)

No Current Offer

Mozo Review   CUA Youth eSaver Review

Last updated: 12 March 2020.

What's hot:
  • 3.20% interest rate (under $5,000)

  • 2019 Mozo Experts Choice winner

  • Ages 10-17

What's not:
  • 1.00% interest (over $5,000)

Mozo snapshot:

If you’re looking for a competitive interest rate on a teen savings account, you’d be hard pressed to find one better than the 3.20% offered by CUA Youth eSaver. In fact, the Mozo judges thought it was one of the best around - awarding it a 2019 Mozo Experts Choice Award for best Pocket Money Saver. 

This is account is only for people between 10-17 years old and it comes with no fees. However, keep in mind that if you have over $5,000 in the account, the interest rate will drop to 1.00%.

Key features:

If you or your child are looking to make a bumper return on your savings, then the CUA Youth eSaver can help do just that. If the account has under $5,000 in it, it’ll come with a high 3.20% interest rate, which at the moment is higher than any interest rate you’ll be able to find on an adult account. The flipside is once the account balance goes over $5,000 the interest rate drops to only 1.00%.

As the CUA Youth eSaver account is a youth account, you’ll only be able to have one if you are between the age of 10-17 years of age, but the good news is you can throw any concerns about fees wearing down your savings stash, as it comes with no fees at all.

Lastly, don’t be afraid that your account will disappear once you turn 18, as the account will automatically be converted to a CUA eSaver Reward.

Who it's good for:

The CUA Youth eSaver is good for anyone between 10-17 years old, looking to get a leg up as they jump into the world of savings accounts.

Any catches?

Once your account has over $5,000, your interest rate will drop to 1.00%, at which point it may be worth considering alternative youth savings options.

Details

Rates and fees information correct as at 2 April 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 3.20% p.a.
    Balances from $5,000: 1.00% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • Unlimited free transactions from phone and internet.

  • n/a

  • n/a

  • n/a

  • $0.00

  • n/a

  • n/a

  • $0.00

  • $0.00

  • n/a

Other financial bits
  • $1.00

  • $1.00

  • Monthly

Features
  • no

  • none

  • no

  • no

  • no

  • yes

  • no

  • yes

  • yes

  • yes

  • no

  • Child must be aged 10-17 and sole account owner. Max 1 Youth eSaver account per eligible child. Must link to a transaction account.

  • none

  • 10 to 17 years

Customer Reviews

How are CUA savings accounts rated by the Mozo community?

Overall customer rating
8.2/10
Price
7.6/10
Features
6.9/10
Customer service
8.3/10
Convenience
7.7/10
Trust
8.4/10

Latest reviews of CUA Youth eSaver

  • Overall 10/10
    Keep it in Credit cause together we can.

    High interest rates, no fees and convenient online services. I have saved more than ever before. Highly recommend CUA over any other.

    Read full review

    High interest rates, no fees and convenient online services. I have saved more than ever before. Highly recommend CUA over any other.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    7/10
    Trust
    10/10
    Less
    Jasine, New South Wales reviewed about 1 month ago
  • Overall 5/10
    Amazing customer service need better rewards

    I like the bank overall just need to fix a few things like rewards or interests

    Read full review

    I like the bank overall just need to fix a few things like rewards or interests

    Price
    6/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    4/10
    Trust
    6/10
    Less
    Maddi, New South Wales reviewed almost 4 years ago
  • Overall 9/10
    Best interest rate.

    I love how you can use your card at any rediATM in Australia without paying a fee.

    Read full review

    I love how you can use your card at any rediATM in Australia without paying a fee.

    Price
    8/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Nathalie, Queensland reviewed about 4 years ago
  • Overall 7/10
    Interpersonal and relatable

    I like this bank because they have my best interest; they use different methods of saving that allowed me to save more money rather than it going into bank fee.

    Read full review

    I like this bank because they have my best interest; they use different methods of saving that allowed me to save more money rather than it going into bank fee.

    Price
    5/10
    Features
    6/10
    Customer service
    8/10
    Convenience
    7/10
    Trust
    9/10
    Less
    John, Victoria reviewed over 4 years ago
CUA

About CUA

CUA is Australia's largest credit union and an alternative to the big banks, offering financial, health and insurance solutions to over 500,000 Aussies. As a mutual, it's run by members for members, and reinvests in making its service better for customers and supporting local communities. CUA is committed to helping members through life's big changes, so if you want to make a change for the better, check out CUA's range of home loans, personal loans, credit cards, savings accounts and more.

See CUA savings accounts

Promoted

CUA

CUA

eSaver Reward

0.05% p.a.(for $0 and over)

1.70% p.a. (for $0 to $100,000)

Promoted

CUA

CUA

eSaver Flexi

1.00% p.a.(for $0 and over)

No Current Offer

Promoted

AMP

AMP

Saver Account

2.65% p.a. (for $0 to $500,000)

1.05% p.a.(for $0 to $5,000,000)

$0.00

Promoted

Macquarie

Macquarie

Savings Account

2.65% p.a. (for $0 to $250,000)

1.35% p.a.(for $0 to $25,000)

$0.00

Promoted

MyState Bank

MyState Bank

Bonus Saver Account

2.00% p.a. (for $0 to $250,000)

0.30% p.a.(for $0 and over)

$0.00

Promoted

Bank of Queensland

Bank of Queensland

Fast Track Saver Account

2.00% p.a. (for $1 to $250,000)

0.20% p.a.(for $1 and over)

$0.00

Promoted

Suncorp

Suncorp

Growth Saver Account

1.90% p.a. (for $0 and over)

0.20% p.a.(for $0 and over)

$0.00

Promoted

Defence Bank

Defence Bank

iSaver

1.70% p.a. (for $0 to $1,000,000)

0.05% p.a.(for $0 to $1,000,000)

$0.00

Promoted

HSBC

HSBC

Serious Saver

1.85% p.a. (for $0 to $1,000,000)

0% p.a.(for $0 and over)

$0.00

Promoted

UBank

UBank

USaver with Ultra Transaction Account

1.85% p.a. (for $0 to $200,000)

0.79% p.a.(for $0 to $5,000,000)

$0.00

Promoted

AMP

AMP

Saver Account

2.65% p.a. (for $0 to $500,000)

1.05% p.a.(for $0 to $5,000,000)

$0.00

Promoted

Macquarie

Macquarie

Savings Account

2.65% p.a. (for $0 to $250,000)

1.35% p.a.(for $0 to $25,000)

$0.00

Promoted

MyState Bank

MyState Bank

Bonus Saver Account

2.00% p.a. (for $0 to $250,000)

0.30% p.a.(for $0 and over)

$0.00

Promoted

Bank of Queensland

Bank of Queensland

Fast Track Saver Account

2.00% p.a. (for $1 to $250,000)

0.20% p.a.(for $1 and over)

$0.00

Promoted

Suncorp

Suncorp

Growth Saver Account

1.90% p.a. (for $0 and over)

0.20% p.a.(for $0 and over)

$0.00

Promoted

Defence Bank

Defence Bank

iSaver

1.70% p.a. (for $0 to $1,000,000)

0.05% p.a.(for $0 to $1,000,000)

$0.00

Promoted

UBank

UBank

USaver with Ultra Transaction Account

1.85% p.a. (for $0 to $200,000)

0.79% p.a.(for $0 to $5,000,000)

$0.00

Promoted

Bankwest

Bankwest

Hero Saver

1.50% p.a. (for $0 to $250,000)

0.01% p.a.(for $0 to $5,000,000)

$0.00

Promoted

AMP

AMP

Saver Account

1.05% p.a.(for $0 to $5,000,000)

2.65% p.a. (for $0 to $500,000)

Promoted

Macquarie

Macquarie

Savings Account

1.35% p.a.(for $0 to $25,000)

2.65% p.a. (for $0 to $250,000)

Promoted

MyState Bank

MyState Bank

Bonus Saver Account

0.30% p.a.(for $0 and over)

2.00% p.a. (for $0 to $250,000)

Promoted

Bank of Queensland

Bank of Queensland

Fast Track Saver Account

0.20% p.a.(for $1 and over)

2.00% p.a. (for $1 to $250,000)

Promoted

Suncorp

Suncorp

Growth Saver Account

0.20% p.a.(for $0 and over)

1.90% p.a. (for $0 and over)

Promoted

Defence Bank

Defence Bank

iSaver

0.05% p.a.(for $0 to $1,000,000)

1.70% p.a. (for $0 to $1,000,000)

Promoted

HSBC

HSBC

Serious Saver

0% p.a.(for $0 and over)

1.85% p.a. (for $0 to $1,000,000)

Promoted

UBank

UBank

USaver with Ultra Transaction Account

0.79% p.a.(for $0 to $5,000,000)

1.85% p.a. (for $0 to $200,000)