CUA eSaver Reward Account

CUA eSaver Reward Account

Maximum Variable Rate


Standard Variable Rate


Earn bonus interest when you deposit $1,000 per month from an external account to a CUA transaction account.

  • A generous, ongoing bonus interest if you meet deposit requirements
  • No monthly account fee
  • Internet and mobile banking
  • At-call access to savings

Product details

The eSaver Reward Account from CUA gives you bonus interest when you stick to your savings goals. Deposit $1,000 from an external account into a CUA transaction account linked to the CUA eSaver Reward Account each month and earn bonus interest on your savings. Bonus interest applies to the first $100,000 of your eSaver Reward balance.

Product Name
CUA eSaver Reward Account
Maximum Variable Rate
2.00% p.a.
Standard Variable Rate
0.05% p.a.
Bonus Variable Rate
1.95% p.a.
Introductory / Bonus Offer Conditions
Bonus interest applies on balances up to when you deposit at least $1,000 each month into your everyday account.
Monthly Fee
Minimum Opening Deposit
Minimum monthly deposit for bonus interest rate
Internet Banking
Internet Transaction Fee
Phone Banking
Minimum Age Requirement
Covered by Government Guarantee?
Yes (Up to $250,000 per person, per institution)

What are the features of the CUA eSaver Reward Account?

  • Interest rate. The eSaver Reward base variable rate of interest is 0.05% p.a. The entire balance of the eSaver Reward Account accrues interest at the base rate of interest. Interest is calculated daily on your CUA eSaver Reward Account and paid monthly.
  • Bonus interest of 1.95% p.a. Earn a bonus interest rate of 1.95% p.a. on top of the standard rate each month you deposit $1,000 or more from an external account to your CUA everyday transaction account. The first $100,000 of CUA eSaver Reward Account balance will accrue interest at the bonus plus base rate of interest. Balances greater than $100,000 accrue interest at the base variable rate of interest only.
  • Account access. There is no debit or EFTPOS card or cheque or deposit book issued with the eSaver Reward Account. Access your funds by making electronic transfers to your linked CUA transaction account or accounts with other financial institutions. The bonus interest rate still applies if you make withdrawals from this account.
  • Direct credit. Get your salary paid directly to your CUA transaction account so you qualify for the bonus interest each month.
  • Direct debit. Set up a direct debit agreement so you can pay your bills directly from the CUA eSaver Reward Account.
  • BPAY. Register for online banking and make BPAY payments to service providers.
  • Minimum balance. You can open this account with just $1. This is the minimum amount you must keep in the account.
  • Linked account. You must hold an eligible CUA everyday transaction account in conjunction with the CUA eSaver Reward Account. Eligible CUA everyday accounts include: the CUA Everyday, Everyday Youth, Everyday 55+, Everyday Business, Prime Access, Freedom Plus and Platinum Plus accounts.
  • Fees. Pay no monthly account fees and no fees for online transfers to your linked CUA transaction account. Fees may apply for eSaver staff assisted transactions at a CUA branch.
  • Eligibility. You can open this account in your own name or jointly with another person. There’s a limit of one eSaver Reward Account per person and this must be your first CUA eSaver Reward Account.


  • Earn a competitive ongoing, variable rate
  • At-call access to savings
  • Linked to CUA everyday account for convenience


  • Deposit requirements need to be met
  • Very low interest rate if monthly deposit condition isn't met

How do I apply for the CUA eSaver Reward Account?

You can start an online application for the CUA eSaver Reward Account by visiting the CUA website. The application can be completed in 10 - 15 minutes.

  • Age. You must be over the age of 18 to apply for this account.
  • Deposit. You can open this account with a starting balance of $1

This must be the first CUA eSaver Reward Account.

If you’re a new CUA customer, you need to verify your identity when you apply for the eSaver.

  • Identification

Enter your Australian passport or driver's licence document details to verify your identity online.

  • Personal details

Enter your full name, your date of birth, Australian residential address, mobile or landline phone number and your email address when prompted.

  • Tax

Provide your Tax File Number (TFN) to CUA or your TFN exemption code. You’re not required to give this information to CUA, the credit union will withhold tax on your interest earnings at the marginal rate if this information is not supplied.

If the CUA eSaver Reward Account is your first CUA product, the credit union will provide steps to open an everyday transaction account when you apply for the eSaver Reward Account.

Once you’ve verified your identity with CUA, and you have a linked everyday transaction account, you can register for online banking and start making deposits to the CUA eSaver Reward Account. If you want to set up a direct debit to your CUA eSaver Reward or everyday account, give CUA the account name, number and BSB of the account you want to debit the funds from.

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4 Responses

  1. Default Gravatar
    EileenAugust 30, 2019

    How much can you have in an eSaver account?

    • Avatarfinder Customer Care
      JeniSeptember 1, 2019Staff

      Hi Eileen,

      Thank you for getting in touch with Finder.

      You may earn the maximum variable interest rate with this eSaver account which is at 2.25% p.a. so long that you deposit at least $1,000 each month into your everyday account. If not, you may earn the standard variable rate of 0.05% p.a.

      I hope this helps.

      Thank you and have a wonderful day!


  2. Default Gravatar
    DamianOctober 2, 2017

    Can you please help me

    • Avatarfinder Customer Care
      JudithOctober 3, 2017Staff

      Hi Damian,

      Thanks for your inquiry.

      I can see that you’re viewing the CUA eSaver Reward Account page.

      If you need further assistance about it, please do not hesitate to chat with us. Just click on the “Want to chat?” bubble on the lower right hand corner of the page.


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