Compare CUA savings accounts for regular and flexible savers

Information verified correct on December 9th, 2016

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.

Rates last updated December 9th, 2016
$
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. 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

Rates last updated December 9th, 2016
$
$
months
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
CUA eSaver Reward Account
Ongoing, variable 2.90% p.a. when you link to an CUA bank account and deposit $1,000+ each month. Available on balances up to .
2.90% 0.05% 2.85% $0 $1 / $1 More
CUA eSaver Plus Account
Ongoing, variable 2.75% p.a. when you make a total deposit of at least $200 and no withdrawals in a calendar month. Available on balances up to $1,000,000.
2.75% 0.50% 2.25% $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 December 9th, 2016
$
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
CUA Term Deposit Account
2.50% 2.30% 2.50% 2.60% 2.70% 2.80% - - $5,000 More
Rates last updated December 9th, 2016
$
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. 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

Rates last updated December 9th, 2016
$
$
months
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
CUA eSaver Reward Account
Ongoing, variable 2.90% p.a. when you link to an CUA bank account and deposit $1,000+ each month. Available on balances up to .
2.90% 0.05% 2.85% $0 $1 / $1 More
CUA eSaver Plus Account
Ongoing, variable 2.75% p.a. when you make a total deposit of at least $200 and no withdrawals in a calendar month. Available on balances up to $1,000,000.
2.75% 0.50% 2.25% $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 December 9th, 2016
$
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
CUA Term Deposit Account
2.50% 2.30% 2.50% 2.60% 2.70% 2.80% - - $5,000 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.

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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.

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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.
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How do I apply for an account offered by CUA?

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.

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Read more on this topic

Savings Account Offers

Learn about our information service
ME Online Savings Account

Maximum Variable Rate

3.05%

Standard Variable Rate

1.30
ING DIRECT Savings Maximiser

Maximum Variable Rate

2.75%

Standard Variable Rate

1.60
Citibank Online Saver

Maximum Variable Rate

3.00%

Standard Variable Rate

1.70
Bankwest Hero Saver

Maximum Variable Rate

2.65%

Standard Variable Rate

0.01

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6 Responses to Compare CUA savings accounts for regular and flexible savers

  1. Default Gravatar
    Ken | May 19, 2016

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

    • Staff
      Shirley | May 20, 2016

      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
    Allan | April 27, 2016

    What is the nearest office to post cod 3220

    • Staff
      Shirley | April 28, 2016

      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
      Shirley | January 18, 2016

      Hi Keith,

      Thanks for your question.

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

      Cheers,
      Shirley

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