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What kind of saver are you?


What kind of saver are you?

We know budgeting and saving is different for everyone. Some save for milestone moments and others spend every last cent. Whatever your style, choose from one of the 5 profiles below and find out which savings product could help you hit your financial goals.

The ‘finger in a few pies’ saver

Goals-driven, you’re saving for long and short-term dreams at the same time. You want to buy a house, attend eight weddings in the next six months and make sure that well-deserved holiday is in the diary. It’s important for you to set a target for each one and be able to easily track your progress. Introducing our USave savings account! With no fees whatsoever and a very competitive interest rate that’s calculated daily, you can have up to nine individual USave sub-accounts labelled to match your different savings needs (and make those dreams a reality).

The ‘perk-aholic’ saver

Task-oriented, you thrive on meeting criteria and getting rewarded for it. You also believe in getting as much bang for your buck as possible. Once you’ve got a USave account, you will then be able to sign up for a USpend transaction account, giving you access to some sweet perks. Your job is to deposit just $200 a month into either your USave or USpend. Easy. And as long as the total balance across your UBank accounts (including joint accounts) doesn’t exceed $250,000, you’ll unlock our awesome bonus interest rate*. If your balance does exceed $250,000, don't worry because you'll still earn the base rate. You also get a UBank Visa Debit card which doesn’t attract any UBank international or foreign exchange fees when using it overseas (although check to see if the ATM operator or merchant charges their own fee). Now that’s #holidaygoals.

The ‘reluctant’ saver

Cha-ching! It’s payday, and guess who’s ready for a shopping spree? You treat yourself to the new restaurant, shout a round of drinks for your friends, and splurge on that birthday present you know your mum will love. Next minute, you’re at the supermarket figuring out how to buy a week’s worth of groceries with $30. You mean to save, but sometimes you get carried away. That’s why we developed Free2Spend; our easy to use in-app tool that helps you set a goal and get into the habit of saving, while keeping you on track with a daily spending number that adjusts in real time.

The ‘vision board’ saver

You have big ideas for your life and you’re not afraid to plan (and wait) for them. Thanks to your diligent approach to saving, you’ve got cash at hand, so why not put some money aside and let it grow? You love knowing down the track, you’ll be able to access a lovely nest egg that’s been working away earning interest in the background. Go for gold and invest in our competitive Term Deposits.

The ‘green at heart’ saver

Just like looking after a garden, you want to look after your finances by planting your money somewhere safe and watching it grow over time. But you’re equally conscious of and passionate about the health of our planet. Here’s where our Green Term Deposit could step in as the perfect solution. Your savings will be matched to a portfolio of renewable energy projects like wind and solar energy and low carbon buildings, so you can do your bit for your financial health and contribute to a low carbon economy.

However you like to save, we’ve got a product to perfectly match your style and help kick your savings goals.


*To qualify for the bonus variable interest rate on eligible amounts in your USave account(s) in a calendar month, you must have both a USave and USpend account and deposit $200 or more into your USpend transaction account or your linked USave savings account from non-UBank accounts during the same month. The bonus variable interest rate will be applied to a combined balance of up to $250,000 held in your USave account(s), including joint accounts. Any remaining balance greater than $250,000 will earn the USave base variable rate. Bonus interest is earned the same month you meet the bonus interest criteria. If you qualify for bonus interest, your interest will be paid in 2 credits. The first credit is calculated using the base variable rate, and will be visible in the morning of the 1st of the following month. The second credit is the Bonus Interest, which will be processed overnight on the 1st, so please check your account on the 2nd of the following month.

Consider if these products are right for you by reading the relevant product terms and conditions, available here, before deciding. The product issuer is UBank, a division of National Australia Bank Ltd ABN 12 004 044 937.

The information contained in this article is of a general nature only. It doesn’t take account of any person’s objectives, financial situation or needs. Before acting on this information, you should consider whether it is appropriate for your circumstances and seek independent legal, financial, and taxation advice.