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USaver promises to have highest rates

24/12/2009

USaver is UBank’s very popular, award winning online savings account that is currently offering a market leading rate of 5.51 per cent.

USaver is currently promoting “the UBank USaver rate assurance” whereby UBank will review the USaver interest rate each Friday against leading competitor products including ING Direct Savings Maximiser, Bankwest Smart eSaver, Commonwealth Bank NetBank Saver, Westpac eSaver, ANZ Online Saver and StGeorge Direct Saver.

If the UBank USaver rate is lower than any of these competitor products (including "introduction rates"), UBank will raise the UBank USaver rate to at least that rate. The duration of this rate assurance is until 31 March 2010.

Advertised "introductory" rates are included in this rate assurance. Unadvertised rates are not included in this rate assurance.

Source: UBank

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Today's Savings Rates

Institution Product Max. Rate (%) Details
USaver (Base Rate 5.41%, Bonus 0.60% with savings plan) 6.01 Details
ANZ Online Saver (6.00% p.a. until 30th June 2012) 6.00 Details
Savings Maximiser (5.85% p.a. variable intro rate for 4 months on balances up to $250,000) 5.85 Details
Citibank Online Saver (5.80% Variable intro rate for 6 months on balances up to $500k) 5.80 Details
Institution Product Max. Rate (%) Details

The above products are some of the top rates available in the market. Based on promotional or introductory rates for an online savings account of $5,000.



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