UBank Reach
The UBank Reach savings account is a unique savings account for young adults aged 18-29 years old who have up to $5,000 to invest. It is a simple yet effective savings account for those who haven’t saved before, or simply want to give their savings a boost.
| Maximum Variable Rate | 6.01% |
|---|---|
| Standard Variable Rate | 6.01% |
| Bonus Variable Rate | 0% |
| Monthly Fee | $FREE |
| Minimum Deposit | $0 |
Although you may never heard of UBank before, it is backed by National Australia Bank, one of Australia’s “Big Four” banks, so you can be safe in the knowledge that your money is secure, and always earning it’s interest at the incredible rate of 6.01%!
With interest calculated daily and paid into your account monthly, and absolutely no fees to worry about it doesn’t matter if you only have $1 in your UBank Reach account as even that will earn the high interest rate! You then have the account ready for when you want to put some money away and start saving.
If you aren’t a great saver (and let’s face it, a lot of us aren’t!) then UBank offer you an Automatic Savings Plan option, that allows you to make regular contributions (be that weekly, fortnightly or monthly) from any other Australian bank account so you can reach your savings goals faster and keeps savings simple!
You can open your account right now online in minutes by clicking one of the “Open” buttons.
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Top High Interest Savings Accounts
All of these accounts are FREE to open and require no minimum deposit. They all have easy internet banking access with no transaction fees.
| Savings Account | Account Details | Maximum Variable Rate p.a. | Standard Variable Rate p.a. | Bonus Interest p.a. | Fees | Min Balance/Min Deposit | |
|---|---|---|---|---|---|---|---|
 UBank USaver | High ongoing rate of 5.41% p.a. Deposit $200 monthly to receive a bonus 0.60% p.a, taking this up to 6.01% p.a. Open online. | 6.01% | 5.41% | 0.60% | $0 | $0 / $0 |
 
|
 Virgin Saver Account | High introductory rate for 4 months to grow savings faster. | 5.85% | 4.65% | 1.20% | $0 | $0 / $0 |
|
 ANZ Online Saver | No min balance and earn up to 6.00% p.a. until 30 June 2012. Online exclusive offer. Apply online by 29 February 2012. | 6.00% | 4.25% | 1.75% | $0 | $0 / $0 |
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