UBank USaver rate assurance
Our USaver rate assurance is one of the ways you can be sure we're helping you make the most of your money, easily.
Each Friday for the duration of this rate assurance, we'll review the USaver standard variable rate against the standard variable rate of specific competitor products. If the USaver rate is lower than any of these competitor products, we'll raise the USaver rate to at least that rate. (Standard variable rates don't include special or introductory rates).
This rate assurance is valid until further notice.
The competitor accounts covered by this rate assurance are:
- ING Direct Savings Maximiser
- Bankwest TeleNet Saver
- Commonwealth Bank NetBank Saver
- Westpac eSaver
- ANZ Online Saver
- St George Direct Saver
We may change this list at any time without notice by posting a revised list on our website www.ubank.com.au
How we implement this rate assurance:
- We'll review the relevant rates at least once per week on Friday - but we may choose to review rates more frequently
- If a relevant competitor product has a higher standard variable rate than our USaver standard variable rate, we will increase the USaver rate by the following Friday from the rate review (this is to allow us to update all advertising to the new rate). For example, if we decide to raise the USaver rate on Friday, the new rate will be effective on the following Friday
- We will use the relevant competitors' websites as a source of the comparison prices
- Unadvertised competitor rates are not included in this rate assurance
