CUA eSaver Boost

0.25% p.a.(for $0 and over)

2.75% p.a. (for $0 to $500,000)

 

CUA eSaver Boost Review

Rates and fees information correct as at 13 December 2018.

Review published: 2 March 2017

What's hot:

  • Special 2.75% interest rate

  • No account fee

  • Winner of Mozo Experts Choice Award 2018

What's not:

  • Low 0.25% standard interest rate if conditions aren’t met and for balances over $500,000

Mozo snapshot:

Looking for an award winning savings account? Well then take a look at the CUA eSaver Boost account, which was a winner of the best Regular Saver Mozo Experts Choice Award. The account is a low fee, high interest online savings account perfect for savers looking to stash their cash in the simplest way possible. With zero account fees and a high 2.75% special rate the eSaver Boost Account will help you meet your savings goals in no time.

Key features:

With a two-tiered interest system, the CUA eSaver Boost Account offers one of the highest interest rates on the market at 2.75% for savers who deposit at least $250 a month and make no withdrawals. Make sure you do stick to the bonus rate requirements though otherwise you’ll only receive a reduced interest rate of 0.25%. You will also only be able to earn the top interest rate on balances under $500,000.

On top of the great interest rate you’ll also be worry-free when it comes to fees, with no monthly account keeping costs as well as unlimited free transactions online and over the phone. However, like other online savings accounts the trade off for low fees is having no ATM access.

Who it's good for:

The CUA eSaver Boost Account is the perfect companion for consistent savers who are happy to leave their savings to sit and accrue a high interest rate without making withdrawals.

Any catches?

If you’re unable to stick to the minimum $250 monthly deposits and zero withdrawals you’ll only receive the 0.25% standard interest rate, so it will be worth your while to find a savings account with a high interest rate without any requirements.

The Mozo community has not yet rated CUA for this savings account.

Rates

  • Balances from $0: 0.25% p.a.

  • Balances from $0: 2.75% p.a.
    Balances from $500,000: 0.25% p.a.

  • Minimum deposit of $250 and no withdrawals in the month

Fees

  • $0.00

  • none

  • Unlimited free transactions from phone and internet.

  • none

  • none

  • none

  • $0.00

  • none

  • none

  • $0.00

  • $0.00

  • none

Other financial bits

  • $1.00

  • $0.00

  • Monthly

Features

  • no

  • none

  • no

  • no

  • no

  • no

  • no

  • yes

  • yes

  • yes

  • no

  • none

  • none

  • none

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.

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