Up Essentials Saver
Up’s Essentials savings account is a feature of Up High. Easily save for your upcoming bills and earn up to 5.35% p.a. interest, while also spending straight from the savings account.
- Base rate
- 5.35%
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable The interest rate that applies on overdrawn amounts. We may calculate interest on the overdrawn amount on a daily basis, and debit it to your account monthly for the Up Essentials Account, until the overdrawn amount is repaid. | 11.23% | — | — |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 5.35% | Balance Limit | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Sales Voucher Retrieval Fee Applies if we make a retrieval request for a Sales voucher for a non-PIN generated transaction and the retrieval request is withdrawn or determined as being a valid transaction. | Payment | $10.00 |
| Audit Request When you or your representative (for example, your accountant) request us to provide a written statement of your financial accounts with us. (minimum charge $30.00) | Payment | $60.00 |
| BPAY Transaction Trace Fee When you request us to trace a bill payment you have made through the BPAY scheme. | Payment | $20.00 |
| BPAY transaction Recall Fee When you request us to recall a bill payment you have made through the BPAY scheme. | Payment | $20.00 |
| Pay Anyone Trace Fee (including Osko) Applies to each direct entry transaction (including Osko) where a trace is requested by the customer to obtain information about the transaction made or received by the customer. | Payment | $30.00 |
| International Inward Telegraphic Transfers (foreign) Acceptance of payments in a foreign currency for SWIFT transfer into your account. |
Features
- Digital banking
- Fraud protection
- Notifications
- Customers can receive Apple or Android push notifications to their registered mobile devices, including transaction notifications.
- Real-time payments (NPP) — Yes
- Unlimited transactions
Eligibility
- Minimum age — 16 years
- Requires a current Up High subscription (including Up High Early Access)
More Information
Published by Up under the Consumer Data Right · Last updated 8 July 2026 · Product ID up-essentials · View on CDR.gov.au