Compare CUA savings accounts for regular and flexible savers

CUA provides Aussies with a range of products to suit you and your family’s needs.

Credit Union Australia (CUA) has been working hard since the 1940s to become the largest customer owned financial institution in Australia.

CUA Everyday Account

CUA Everyday Account

An everyday bank account with a linked Visa debit card..

  • Linked Visa Debit card
  • No monthly account fees
  • Access to RediATM network
    Rates last updated August 17th, 2017
    $
    Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
    CUA Everyday Account
    An everyday bank account with a linked Visa debit card.
    Visa $0 $0 No monthly account keeping fee and no fees for everyday card purchases. Access to the RediATM network. Go to site More
    CUA Everyday Youth Account
    Designed for teens between 10 to 17 years old, a CUA Everyday Youth Account is designed to make everyday banking easier.
    Visa $0 $0 $0 monthly account keeping fees with unlimited access to RediATM network. More
    CUA Everyday 55+ Account
    Everyday bank account designed for those aged 55+.
    Visa $0 $0 No monthly account fee with no fee for everyday purchases. Free access to the RediATM network if you withdraw at least $50. More
    $
    $
    months
    Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
    CUA eSaver Boost Account
    Ongoing, variable 2.80% p.a. when you make a total deposit of at least $250 and no withdrawals in a calendar month. Available on balances up to $500,000.
    2.80% 0.50% 2.30% $0 $0 / $1 More
    CUA eSaver Reward Account
    Ongoing, variable 2.80% p.a. when you link to an CUA bank account and deposit $1,000+ each month. Available on balances up to .
    2.80% 0.05% 2.75% $0 $1 / $1 More
    CUA Youth eSaver Account
    Ongoing, variable 4.00% p.a. Available on balances up to $5,000.
    4.00% 4.00% 0.00% $0 $1 / $1 More

    Rates last updated August 17th, 2017
    $
    Name Product 3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. 48 Mths p.a. 60 Mths p.a. Min Deposit Interest Earned
    CUA Term Deposit Account
    2.10%
    2.40%
    2.50%
    2.50%
    2.65%
    2.70%
    2.80%
    2.80%
    $5,000

    Compare up to 4 providers

    Rates last updated August 17th, 2017
    $
    Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
    CUA Everyday Account
    An everyday bank account with a linked Visa debit card.
    Visa $0 $0 No monthly account keeping fee and no fees for everyday card purchases. Access to the RediATM network. Go to site More
    CUA Everyday Youth Account
    Designed for teens between 10 to 17 years old, a CUA Everyday Youth Account is designed to make everyday banking easier.
    Visa $0 $0 $0 monthly account keeping fees with unlimited access to RediATM network. More
    CUA Everyday 55+ Account
    Everyday bank account designed for those aged 55+.
    Visa $0 $0 No monthly account fee with no fee for everyday purchases. Free access to the RediATM network if you withdraw at least $50. More
    $
    $
    months
    Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
    CUA eSaver Boost Account
    Ongoing, variable 2.80% p.a. when you make a total deposit of at least $250 and no withdrawals in a calendar month. Available on balances up to $500,000.
    2.80% 0.50% 2.30% $0 $0 / $1 More
    CUA eSaver Reward Account
    Ongoing, variable 2.80% p.a. when you link to an CUA bank account and deposit $1,000+ each month. Available on balances up to .
    2.80% 0.05% 2.75% $0 $1 / $1 More
    CUA Youth eSaver Account
    Ongoing, variable 4.00% p.a. Available on balances up to $5,000.
    4.00% 4.00% 0.00% $0 $1 / $1 More

    Rates last updated August 17th, 2017
    $
    Name Product 3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. 48 Mths p.a. 60 Mths p.a. Min Deposit Interest Earned
    CUA Term Deposit Account
    2.10%
    2.40%
    2.50%
    2.50%
    2.65%
    2.70%
    2.80%
    2.80%
    $5,000

    Compare up to 4 providers

    Rates last updated August 17th, 2017
    $
    $
    months
    Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
    Bankwest Hero Saver
    Ongoing, variable 2.65% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
    2.65% 0.01% 2.64% $0 $0 / $0 Go to site More
    ME Online Savings Account
    Ongoing, variable 2.95% p.a. rate when you link to a ME Everyday Transaction account and make a weekly purchase with your Debit Mastercard using tap & go. Available on balances up to $250,000.
    2.95% 1.30% 1.65% $0 $0 / $0 Go to site More
    ANZ Progress Saver
    Ongoing, variable 1.81% p.a. when you deposit $10+ each month and make no withdrawals. Available on the entire balance.
    1.81% 0.01% 1.80% $0 $10 / $10 Go to site More
    HSBC Serious Saver
    Introductory rate of 3.00% p.a. for 4 months, reverting to a rate of 1.60% p.a. Available on balances below $1,000,000.
    3.00% 1.60% 1.40% $0 $0 / $0 Go to site More
    AMP Saver Account
    Introductory rate of 2.55% p.a. for 4 months, reverting to a rate of 2.10% p.a. Available on balances below $5,000,000.
    2.55% 2.10% 0.45% $0 $0 / $0 Go to site More
    ANZ Online Saver
    Introductory rate of 2.55% p.a. for 3 months, reverting to 1.00% p.a. Available on the entire balance.
    2.55% 1.00% 1.55% $0 $0 / $0 Go to site More
    Westpac Reward Saver
    Ongoing, variable 1.75% p.a. when you deposit at least $50 and make no withdrawals each month. Available on the entire balance.
    1.75% 0.01% 1.74% $0 $0 / $0 Go to site More
    Bank of Melbourne Incentive Saver
    Ongoing, variable 1.75% p.a. when you make at least one deposit and no withdrawals each month. Available on the entire balance.
    1.75% 0.01% 1.74% $0 $1 / $1 Go to site More
    Westpac eSaver
    Introductory rate of 2.51% p.a. for 5 months, reverting to a rate of 1.00% p.a. Available on the entire balance.
    2.51% 1.00% 1.51% $0 $0 / $0 Go to site More
    BankSA Incentive Saver Account
    Ongoing, variable 1.75% p.a. when you make at least one deposit each month and no withdrawals. Available on the entire balance.
    1.75% 0.01% 1.74% $0 $0 / $0 Go to site More
    Awards the CUA has earned
    • Money Magazine Consumer Finance Awards – Credit Union of the Year 2015
    • AB+F Awards – Australian Financial Institution of the Year Non Big Four 2015

    Who is CUA?

    CUA operates across all of Australia, inviting all residents to join with no restrictions. Now over 400,000 Australians choose CUA for their banking needs.

    Mobile Banking App

    Image Source: App Store
     
    Login pageAccount balancePayments
    cualogcuaacctcuapayments
    Back to top

    What transaction accounts are offered by CUA?

    • CUA Everyday Account. The everyday account provides you with a Visa debit card, allowing you to make direct debit purchases where is Visa is accepted, as well as withdraw cash with no fees at any one of the over 3,000 rediATMs found in Australia. Help your savings, or someone else’s, grow with a top up feature that transfers your spare change to a savings account with every Visa purchase made over $10.
    • CUA Everyday Youth Account. Young Australians aged 10 to 17 can manage their own pocket money from a fee free transaction account. Depending on your age you will either be issued a Visa debit card or rediCARD to use to make your daily purchases and cash withdrawals.
    • CUA Everyday 55+ Account. Managing your retirement and pension funds can be done with ease, using one fully equipped transaction account where interest is also earned at a competitive rate on your balance. Seniors are also provided flexibility in the way they choose to bank, with both online access to their money or teller assisted transactions at a local branch.

    What high interest savings accounts are offered by CUA?

    • CUA eSaver Plus Account. An online savings account, the eSaver allows you to boost your funds with bonus interest every month that you deposit at least $200 and make no withdrawals. There are no monthly fees or fees for online transactions, making it even easier to expand your savings bottom line with this account.
    • CUA Youth eSaver Account. Designed to meet the savings ambitions of 10 to 17 year olds, the Youth eSaver is an online savings account with a high rate of interest no matter how many withdrawals or deposits you make in a month. On your 18th birthday, this account will automatically revert to the standard eSaver Account from CUA.
    • CUA Cash Management Account. There is no minimum balance requirement for this account, but once it hits $5,000 you will begin to earn interest daily. Interest rates are tiered, increasing as the amount of money in the account does. You will pay no monthly maintenance fees, but will be able to access your money online or at a branch.

    What term deposits are offered by CUA?

    With a minimum deposit of $5,000, you can lock your savings into a CUA term deposit for one month or up to three years. This high interest earning savings account rewards you with higher interest the longer you keep it in your account. Keep in mind that these types of accounts do not allow easy access, and you will be charged the difference in interest and other fees if you withdraw the money before the end of the terms you signed on for.

    Back to top

    What are the pros and cons of banking with CUA?

    Pros

    • Convenience. CUA savings accounts are managed from online, making it easy to keep track of its growth.
    • Bonus rates. With the completion of certain monthly conditions, your savings can be boosted with a bonus interest rate.
    • Youth accounts. CUA provides specially structured accounts for young Australians to learn both how to save and how to manage their daily expenses.

    Cons

    • Membership. In order to take advantage of any of the CUA products, you must first visit a branch to become a member.
    Back to top

    How do I apply for an account offered by CUA?

    Before applying for a CUA account, you should compare the account features against others offered in the market to see if the account meets your personal financial needs. If you like the features of the CUA savings accounts, first become a member of the credit union by visiting a branch and providing them with the proper identifying documents.

    • Application. Once you have become a member of CUA you are free to apply for their savings accounts products online.
    • Eligibility. Keep in mind that some of the savings accounts offered by CUA are designed for certain age groups. Ensure that you are eligible for the account you are applying for by clicking the age requirement careful.
    • Linked account details. You will need to be prepared with your linked account information so that you can begin to make deposits into your new savings account.

    It is possible that CUA will ask for additional information before issuing a savings account in your name. Once they have verified your identity, the account details will be sent to you and you can begin making your deposits. Ensure that you have compared the account details and features carefully before making a commitment with your savings to any one account.

    Back to top

    Read more on this topic

    Savings Account Offers

    Learn about our information service
    ME Online Savings Account

    Maximum Variable Rate

    2.95

    Standard Variable Rate

    1.30
    ANZ Progress Saver

    Maximum Variable Rate

    1.81

    Standard Variable Rate

    0.01
    AMP Saver Account

    Maximum Variable Rate

    2.55

    Standard Variable Rate

    2.10
    Bankwest Hero Saver

    Maximum Variable Rate

    2.65

    Standard Variable Rate

    0.01

    Ask an Expert

    You are about to post a question on finder.com.au:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com.au is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

    10 Responses

    1. Default Gravatar
      KenMay 19, 2016

      I have an esaver account Can you please let me know what interest rate I am getting?
      Thanks

      • Default Gravatar
        TonyMay 25, 2017

        Hi. I have a term deposit account with CUA, that matures soon.
        This account is for the persons over 55 years of age and last year an extra 0.1 percent was added above the advertised rate will this be added to the current rate?

      • Staff
        HaroldMay 26, 2017Staff

        Hi Tony,

        Thank you for your inquiry.

        The rate will remain the same until your term deposit account matures. It is a fixed rate for the duration of the term. When the account reaches maturity, if you opted to roll over the funds into a new CUA term deposit, the new term deposit account will receive the new rate.

        I hope this information has helped.

        Cheers,
        Harold

      • Default Gravatar
        euniceMay 12, 2017

        What interest rates do you pay on my Premium Plus account?
        I cant find any reference to a PP account on your website.
        What would be the best account for me to have access to?

      • Staff
        LiezlMay 13, 2017Staff

        Hi Eunice,

        Thank you for your question. Just to confirm though, you have come through finder.com.au, not actually CUA.

        CUA doesn’t have premium plus account, with them it’s eSaver Boost account which pays an interest rate of 2.85% p.a., provided you meet certain monthly conditions.

        As for the best account to maintain, that would entirely depend on your saving habits, financial needs and how accessible you want your savings to be.

        I hope this helps.

        Cheers,
        Liezl

      • Staff
        ShirleyMay 20, 2016Staff

        Hi Ken,

        Thanks for your question. Please note there are multiple esaver accounts.

        Could you please confirm the entire name of your savings account with CUA?

    2. Default Gravatar
      AllanApril 27, 2016

      What is the nearest office to post cod 3220

      • Staff
        ShirleyApril 28, 2016Staff

        Hi Allan,

        Thanks for your question.

        The closest CUA branch to your postcode is:

        Werribee
        Cnr Derrimut & Heaths Rd
        Shop 124 Werribee Plaza Werribee VIC, 3030

    3. Default Gravatar
      January 17, 2016

      Do you have an office in Perth WA

      • Staff
        ShirleyJanuary 18, 2016Staff

        Hi Keith,

        Thanks for your question.

        There is a CUA located at 321 Murray St, Perth WA 6000.

        Cheers,
        Shirley

    Ask a question
    feedback