Receive Ultra Bonus (1.06%p.a.) on all USavers not just the linked one
UBank makes it really easy to create multiple accounts for different saving goals and this is a great feature that I'd like to use. But unfortunately by doing that I'm giving up on the Ultra Bonus for all those extra accounts, which does not make sense.
So as a customer I'd like to still receive the Ultra Bonus on all accounts if I have one linked so that I can organise my saving goals in different accounts.
Currently the financial incentive for the Ultra Bonus clashes with the customer experience benefit of having multiple USavers.
We’re making some changes this week to let you earn bonus interest on multiple USave accounts, up to 10! So, if you have separate USave accounts for your home loan deposit, new card and wedding, for example, you’ll be earning interest on all of them, bringing you one step closer to achieving your goals! ^PO
This definitely needs to be done, because without it, saving goals are rendered useless.
If you are getting the bonus from having the $200/month ASP without an Ultra account, it applies to all USavers, so why wouldn't the bonus from the Ultra apply to all USavers in the same way?
I used to be an "ASP" user with multiple USavers, and recently I upgraded to be an Ultra user, and then had to move all my money into one USaver to get the interest. Illogical and redundant.