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CUA eSaver Reward

Interest rate
0.05% p.a.(for $0 and over)
Maximum rate
1.45% p.a. (for $0 to $100,000)
Govt deposit guarantee
Yesup to $250,000

Mozo editorial review CUA eSaver Reward

Last updated: 2 September 2020.

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What's hot
  • 1.45% ongoing bonus rate if conditions are met
  • No account fees
  • 2020 Mozo Experts Choice Award
What's not
  • Must also hold a CUA transaction account to qualify for a bonus interest rate.
Mozo snapshot

The CUA eSaver Reward savings account has a standard interest rate of 0.05% p.a. but if you meet the conditions, you can boost your savings with a bonus interest rate of up to 1.45% p.a. With this savings account up your sleeve, you’ll be maximising your savings in no time!

Did we mention that it's also a 2020 Mozo Experts Choice Award winner? That's right, because the eSaver Reward took out a trophy in the best SMSF Regular Saver category. 

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Key features

The CUA eSaver Reward savings account has a standard interest rate of 0.05% p.a., but if you deposit a minimum of $1,000 per month into your  CUA Transaction Account from an external source (like your salary), you will be eligible to receive a competitive ongoing bonus rate of 1.45% p.a.

The CUA eSaver Reward savings account also gives you the freedom to make transactions (via phone and internet) and dip into your stash as you please without the fear of hidden fees or losing bonus interest.

This account even allows you to set up automatic transfers from your CUA Transaction Account to your CUA eSaver Reward account, meaning that you can sit back and watch your savings grow without having to lift a finger. Like most savings accounts, there’s no debit/EFTPOS card or ATM access, so make sure you set up a linked transaction account if you’re after these features.

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Who is it good for

The CUA eSaver Reward account is great for anyone wanting to grow their savings, and it’s especially rewarding for Aussies who are able to meet the bonus interest requirements by depositing $1,000 per month into their CUA transaction account.

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Any catches

To use this account effectively and ensure you earn that 1.45% p.a. bonus interest, you’ll need to have a CUA everyday account and be able to meet the requirement of depositing a minimum of $1,000 into that transaction account each month. You should think carefully about whether or not you'll be able to meet these requirements before opening an account.

Details

Rates and fees information correct as at 2 October 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: 0.05% p.a.

  • Balances from $0: 1.45% p.a.
    Balances from $100,000: 0.05% p.a.

  • Deposit $1,000 into a CUA transaction account from external source in the month.

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

  • Must also hold a CUA transaction account to qualify for bonus interest rate.

  • none

  • none

Customer Reviews

How are CUA savings accounts rated by the Mozo community?

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

Latest reviews of CUA eSaver Reward

  • Overall 8/10
    Good interest rate, lacking everywhere else

    The account has a good interest rate and I like CUA as a bank however there are some things that they could improve on like the additional features and lack of an ATM network.

    Read full review

    The account has a good interest rate and I like CUA as a bank however there are some things that they could improve on like the additional features and lack of an ATM network.

    Price
    8/10
    Features
    5/10
    Customer service
    9/10
    Convenience
    7/10
    Trust
    10/10
    Less
    Callum, New South Wales reviewed 3 months ago
  • Overall 10/10
    Great rates

    Been with this bank for 15 years and always got a great deal.

    Read full review

    Been with this bank for 15 years and always got a great deal.

    Price
    8/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    7/10
    Trust
    10/10
    Less
    Francine, Victoria reviewed almost 5 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.

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