UBank USaver Reach (18 to 29 year-olds only)

0% p.a.(for $5,000 and over)

No Current Offer

UBank USaver Reach (18 to 29 year-olds only)

0% p.a.(for $5,000 and over)

No Current Offer

Details

Rates and fees information correct as at 18 August 2019. 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: 1.86% p.a.
    Balances from $5,000: 0.00% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • unlimited free transactions from phone and internet

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • $0.00

  • $0.00

  • n/a

Other financial bits
  • $0.00

  • $0.00

  • Monthly

Features
  • no

  • none

  • no

  • no

  • no

  • no

  • no

  • yes

  • yes

  • no

  • no

  • Only available to those aged between 18 and 29 years.

  • USaver Reach: if you are aged 18-29 years you do not need to have regular deposits to earn the special rate for balances up to $5000.

  • none

Customer Reviews

How are UBank savings accounts rated by the Mozo community?

Overall customer rating
8.5/10
Price
9.1/10
Features
7.7/10
Customer service
7.9/10
Convenience
7.8/10
Trust
8.3/10

Latest reviews of UBank USaver Reach (18 to 29 year-olds only)

  • Overall
    10/10
    Does just what it says on the tin

    I've been looking for a savings account that would work for my circumstances for a while and the...

    I've been looking for a savings account that would work for my circumstances for a while and the UBank Usaver Reach seems to be the best option around. The interest rate seems competitive and I like that there's no hidden catches attached to receiving it - as long as you're in the right age bracket and don't have more than $5,000 in the account you'll get that rate. The lack of monthly fees is also another big drawcard. However, the trade-off for the good interest rates is that it's an online-only account; yes, it's backed by NAB but you can't deposit funds via their branch or set up the account through them. I've found the website to sometimes be slightly counter-intuitive to navigate and it's occasionally given me error messages. They also do not have a mobile app (which is a shame as it would be nice to be able to check how much money I've saved without having to go through the rigmarole of logging into their site). In my opinion, these are all small quibbles in the face of the interest you can earn. Transferring money out of the account can also be quite slow - you certainly wouldn't want to use this as a place to keep your emergency funds. However, I personally think this is closer to a feature than a disadvantage as it's an easy way to prevent impulse shopping!

    Price
    10/10
    Features
    0/10
    Customer service
    5/10
    Convenience
    3/10
    Trust
    10/10

    Chloe | South Australia

    reviewed over 4 years ago

  • Overall
    10/10
    Great customer service & easy internet banking

    Always easy to call up and speak to someone. The website is extremely user friendly with...

    Always easy to call up and speak to someone. The website is extremely user friendly with heaps of helpful tips. Its internet banking made easy

    Price
    10/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    10/10

    Tom | New South Wales

    reviewed over 4 years ago

  • Overall
    10/10
    best interest

    great interest

    great interest

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Cassie | New South Wales

    reviewed over 4 years ago

  • Overall
    9/10
    Great interest Rates

    The best standard interest I could find for any bank currently at 3.71% compared to other banks...

    The best standard interest I could find for any bank currently at 3.71% compared to other banks usually offering 2.71%. Good bank could improve access to transaction when overseas as it is currently difficult to transfer when you need a text message code which you don't have access to over seas.

    Price
    10/10
    Features
    8/10
    Customer service
    7/10
    Convenience
    4/10
    Trust
    8/10

    Phillip | Victoria

    reviewed almost 5 years ago

  • Overall
    10/10
    Helping Gen Y Save

    I like Ubank because they have a good interest rate and make it hard to transfer funds because it...

    I like Ubank because they have a good interest rate and make it hard to transfer funds because it takes a couple of days which is good for my savings goals.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Rebecca | Western Australia

    reviewed almost 5 years ago

UBank

About UBank

UBank is a new direct bank which is backed by NAB, one of Australia's big four banks. UBank launched in 2008 with a competitive term deposit product, which customers can apply for and manage online. As a direct bank, UBank doesn't have a branch network but it does have a 24-hour, seven day a week 'person to person' phone banking centre for those wanting to speak to a real person. Cost savings are passed onto customers in the form of higher rates and lower fees. UBank now has a range of competitive term deposits, super and savings accounts. In 2011, it launched UHomeloan for refinancing its first home loan product.

See UBank savings accounts

Promoted

UBank

UBank

USaver

1.35% p.a.(for $0 to $5,000,000)

No Current Offer

Promoted

UBank

UBank

USaver with Ultra Transaction Account

1.35% p.a.(for $0 to $5,000,000)

2.41% p.a. (for $0 to $200,000)

Promoted

AMP

AMP

Saver Account

2.75% p.a. (for $0 to $250,000)

1.65% p.a.(for $0 to $5,000,000)

$0.00

Promoted

Suncorp

Suncorp

Growth Saver Account

2.05% p.a. (for $0 and over)

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

$0.00

Promoted

UBank

UBank

USaver with Ultra Transaction Account

2.41% p.a. (for $0 to $200,000)

1.35% p.a.(for $0 to $5,000,000)

$0.00

Promoted

MyState Bank

MyState Bank

Bonus Saver Account

2.50% p.a. (for $0 to $150,000)

0.80% p.a.(for $0 and over)

$0.00

Promoted

Bankwest

Bankwest

Hero Saver

2.10% p.a. (for $0 to $250,000)

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

$0.00

Promoted

CUA

CUA

eSaver Flexi

No Current Offer

1.70% p.a.(for $0 and over)

$0.00

Promoted

HSBC

HSBC

Flexi Saver

2.15% p.a. (for $0 to $5,000,000)

0.65% p.a.(for $0 to $5,000,000)

$0.00

Promoted

ING

ING

Savings Maximiser

2.30% p.a. (for $0 to $100,000)

0.50% p.a.(for $0 and over)

$0.00