In this paper we consider a type system with a universal type $omega$ where any term (whether open or closed, $beta$-normalising or not) has type $omega$. We provide this type system with a realisability semantics where an atomic type is interpreted as the set of $lambda$-terms saturated by a certain relation. The variation of the saturation relation gives a number of interpretations to each type. We show the soundness and completeness of our semantics and that for different notions of saturation (...) (based on weak head reduction and normal $beta$-reduction) we obtain the same interpretation for types. Since the presence of $omega$ prevents typability and realisability from coinciding and creates extra difficulties in characterizing the interpretation of a type, we define a class ${mathbb U}^+$ of the so-called positive types (where $omega$ can only occur at specific positions). We show that if a term inhabits a positive type, then this term is $beta$-normalisable and reduces to a closed term. In other words, positive types can be used to represent abstract data types. The completeness theorem for ${mathbb U}^+$ becomes interesting indeed since it establishes a perfect equivalence between typable terms and terms that inhabit a type. In other words, typability and realisability coincide on ${mathbb U}^+$. We give a number of examples to explain the intuition behind the definition of ${mathbb U}^+$ and to show that this class cannot be extended while keeping its desired properties. (shrink)