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 1.70% 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.
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 1.70% 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.
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.
To use this account effectively and ensure you earn that 1.70% 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.
Balances from $0: 0.05% p.a.
Balances from $0: 1.70% p.a.
Balances from $100,000: 0.05% p.a.
Deposit $1,000 into a CUA transaction account from external source in the month.
$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
$1.00
$1.00
Monthly
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
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 reviewThe 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.
Been with this bank for 15 years and always got a great deal.
Read full reviewBeen with this bank for 15 years and always got a great deal.
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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