With the Commonwealth Bank NetbankSaver, you’ll have easy access to your savings and the security of banking with one of the big four banks. The standard variable rate sits at 2.35% p.a., but for the first five months you’ll be able to enjoy an interest rate of 5.10% p.a.
When you sign up for a NetBank Saver account, you can be confident knowing that there are zero account keeping fees and unlimited free phone and internet transactions.
You’ll be looking at an introductory rate of 5.10% for the first five months. Just keep in mind that once those five months are up, the interest rate reverts to a lower 2.35% p.a.
To apply, you’ll need to be at least 14 years old and an Australian resident. If you’re not already a CommBank customer, you’ll be asked to provide some identification, such as an Australian driver’s licence, Medicare card, passport or Australian birth certificate.
Once you’ve signed up, you’ll need to have a CommBank transaction account to go with your Netbank Saver account. If you don’t already have one, a Smart Access account will automatically be opened in your name.
A decent introductory rate makes the NetBank Saver account a good option for anyone looking to give their savings a bit of a kickstart.
Given the lacklustre standard variable rate, you might consider shopping around for somewhere else to park your savings in the long-run. And while the NetBank Saver doesn’t come with fees, you might encounter some through your linked transaction account.
Balances from $0: 0.00% p.a. |
|
Balances from $0: 0.00% p.a. |
|
Bonus rate for the first 5 months from account opening |
$0.00 |
|
n/a |
|
unlimited free transactions from phone and internet |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
$0.00 |
|
$0.00 |
|
n/a |
$0.00 |
|
$0.00 |
|
Monthly |
no |
|
n/a |
|
no |
|
no |
|
no |
|
no |
|
no |
|
yes |
|
yes |
|
no |
|
no |
|
Must link to a transaction account with this provider |
|
none |
|
none |
We opened our account within minutes, fantastic service and had a follow up call to confirm all was I. Order- absolutely fantastic service.
Read full reviewWe opened our account within minutes, fantastic service and had a follow up call to confirm all was I. Order- absolutely fantastic service.
I’ve always been with the commonwealth bank and haven’t had a reason to change since opening my first account!
Read full reviewI’ve always been with the commonwealth bank and haven’t had a reason to change since opening my first account!
Pretty happy with commonwealth bank, lots of features.
Read full reviewPretty happy with commonwealth bank, lots of features.
I like my bank branches find staff very nice. The savings plan is easy to understand. The only complaint I have would be the length of time on phone you wait to spk to a customer service operator
Read full reviewI like my bank branches find staff very nice. The savings plan is easy to understand. The only complaint I have would be the length of time on phone you wait to spk to a customer service operator
Been with commbank about 3 years and have been very helpfull, i use it everyday and the customer services has been very helpful when i have had to call them. Loans are easy and stress free also.
Read full reviewBeen with commbank about 3 years and have been very helpfull, i use it everyday and the customer services has been very helpful when i have had to call them. Loans are easy and stress free also.
Save Account
5.50% p.a. (for $0 to $100,000)
0% p.a.(for $0 and over)
Yes up to $250,000
Savings Account
5.35% p.a. (for $0 to $250,000)
4.75% p.a.(for $0 to $1,000,000)
Yes up to $250,000
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yes up to $250,000
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
4.40% p.a.(for $0 to $250,001)
Yes up to $250,000
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
2.00% p.a.(for $0 to $250,000)
Yes up to $250,000
Life - 18-29 years old
5.20% p.a. (for $0 to $30,000)
2.00% p.a.(for $0 and over)
Yes up to $250,000
Save Account
5.50% p.a. (for $0 to $100,000)
Yes up to $250,000
0% p.a.(for $0 and over)
Savings Account
5.35% p.a. (for $0 to $250,000)
Yes up to $250,000
4.75% p.a.(for $0 to $1,000,000)
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
0% p.a.(for $0 and over)
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
0.05% p.a.(for $0 and over)
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
Yes up to $250,000
4.40% p.a.(for $0 to $250,001)
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
2.00% p.a.(for $0 to $250,000)
Life - 18-29 years old
5.20% p.a. (for $0 to $30,000)
Yes up to $250,000
2.00% p.a.(for $0 and over)
PremiumSaver
5.45% p.a. (for $0 to $250,001)
Yes up to $250,000
1.50% p.a.(for $0 and over)
Save Account
0% p.a.(for $0 and over)
5.50% p.a. (for $0 to $100,000)
Yes up to $250,000
Reward Saver Account
0% p.a.(for $0 and over)
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
Bonus Saver Account
0.05% p.a.(for $0 and over)
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
Savings+Bonus
2.00% p.a.(for $0 to $250,000)
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
Life - 18-29 years old
2.00% p.a.(for $0 and over)
5.20% p.a. (for $0 to $30,000)
Yes up to $250,000
Savings Maximiser
0.55% p.a.(for $0 and over)
5.50% p.a. (for $0 to $100,000)
Yes up to $250,000
PremiumSaver
1.50% p.a.(for $0 and over)
5.45% p.a. (for $0 to $250,001)
Yes up to $250,000
Kids Bonus Saver
0.05% p.a.(for $0 and over)
0.85% p.a. (for $5,556 to $50,001)
Yes up to $250,000