Being backed and developed by National Australia Bank (NAB) one of Australia’s great banking institutions, Ubank is confident its online and phone banking services will give its customers the best of two financial worlds; the security, resources and experience of NAB plus a direct banking service.

Savings Account Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Balance/Min Deposit
UBank USaver
UBank USaver		 5.51% 4.91% 0.60% $0 $0 / $0 Enquire

At the same time Ubank is offering a Self Managed Superannuation Fund that is proving to be of immense service to people wishing to handle their own retirement plans. This is being achieved by giving them the ability to invest their money from their own self managed superannuation funds into UBank, where they receive high interest rate while managing their own money the way they themselves choose – and all for no fee.

Although it is proudly a part of the great NAB, UBank’s own ideas and philosophy, not to forget its very own people who are quite distinct from their NAB colleagues, stamps them as their own unique brand. A brand that is dedicated to give fast, efficient, personal service to all its online and telephone customers both now and into the future.

On top of all this, as a result of the Australian Government’s decision to secure depositors funds during the recent Global Financial Crisis (GFC), all bank customer deposits up to the value of $1 million remain guaranteed free of charge until October 12, 2011, unless the government decides to extend the guarantee for an even longer period.

Self Managed Superannuation Fund and UBank Term Deposits

Term deposits offered by UBank are specifically designed to assist you, the person serious about planning for your retirement, earn the most you possibly can from your money. This is achieved with generous interest rates and no fees to hold you back. Terms are as flexible as you can find them ranging from 1, 3, 6, 9, 12 and 24 months, fully dependent on what suits you best. If you decide to rollover 100 percent of your initial UBank term deposit you will be rewarded with a further 0.10 percent annual Loyalty Bonus. This will be paid over and above the generous interest rate already being paid. You will be pleased to find that it is easy to set up your own UBank Term Deposit for your own self managed superannuation fund. In short the main benefits you will get from a Ubank Term Deposit will include the following:

  • A real live person answering the phone every time you call at any hour of the day or night.
  • Up to $1 million government guarantee on deposits
  • A Loyalty Bonus of 0.10 percent if you decide to roll over 100 percent of your term deposit.
  • Interest paid instantly with the UBank Turbo Deposit account opening system.
  • Your choice of taking your term deposit over 1, 3, 6, 9, 12, or 24 month terms.
  • Industry envious interest rates.
  • No fees whatsoever.

Self Managed Superannuation Fund and UBank USaver

If you have been searching around for a direct access, from anywhere at any time savings account, that doesn’t charge any fees, plus gives you a bonus interest on top of a great interest rate already being paid, for the months when you can avoid making any withdrawals, then it appears you have finally found it. USaver Self Managed Superannuation Fund is designed to give you all of that.

Because of all it offers USaver was voted Money magazine’s Best Online Savings Account for 2010 only months after being launched. And that wasn’t all because UBank management have stated that it will continue to introduce new ways to make USaver even better for those who are serious about saving. To make it easier to absorb exactly what it is USaver is offering the following list has been compiled to point out the main benefits:

  • The ability to speak with a real live person every time you ring 24 hours a day, 7 days a week.
  • There is no minimum amount that has to remain in the savings account although there is a maximum of $1 million for each individual customer.
  • You get to choose your own alerts that are sent to you by email, SMS or secure mail.
  • A “Pay Anyone” feature that allows you to transfer funds to any other Australian account.
  • An important Goal Tracker tool to help you with your online savings.
  • High interest rates that are calculated daily and paid monthly.
  • No fees.
  • An incentive to build different accounts for your different savings goals with a couple of clicks via Savings Buckets.
  • An ability given to you where you can set up your own Automatic Savings Plan for an amount of $200 or greater each month that will attract an additional Savings
  • Bonus over and above the rate already being paid on all balances up to a maximum of $200,000. This Automatic Savings Plan maximum is applied to each individual customer and is calculated on the combined balance of all your USaver accounts, including any joint accounts you may hold. This option also allows you to make regular deposits from any other Australian bank account.

With USaver you will find that along with the great interest rate you receive you will also have the ability to be able to always have access to your money at anytime from anywhere. You will be assisted in setting up your savings goals and receive help in making sure you achieve these goals with three unique innovations, Savings Buckets, an Automated Savings Plan and the Goal Tracker.

You will be further assisted in setting up your UBank USaver in conjunction with your own self managed superannuation fund if you wish to do so as well as being able to gain further benefit from the UBank USaver rate assurance.

Cutting edge banking has never offered so much as UBank with its online, 24 hour, 7 days a week personal service. It gives complete hands on control of your self-managed superannuation funds UBank Term Deposits as well as the unique high interest Ubank Usaver for top line savings.