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UBank

You can get three different savings accounts with uBank – USaver, USaver Reach and USaver with Ultra. You can earn a bonus rate with USaver when you open a USaver Ultra account and make monthly deposits of at least $200. To open a USaver Reach, you must be between 18 and 29 years old. Interest is only earned on amounts up to $5,000. Any amount in excess of $5,000 does not earn interest. An online-only bank, uBank also offers term deposits, home loans and SMSF accounts. It was founded in 2007 and is owned by NAB.

UBank savings account repayment calculator

Thinking about taking out a savings account with UBank? Use our savings account calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how UBank savings account compare with various products.

Investing your money into a savings account is an effective strategy. This calculator is designed to help you achieve your savings goal faster. See how fast your savings can grow with regular deposits.

Initial deposit

Monthly deposit

Period

months

Your monthly interest earned

$12

Interest rate

2.31%

Total interest earned

$245

Total amount

$17,245

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