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 0.85% p.a., but for the first five months you’ll be able to enjoy an interest rate of 1.80% 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 1.80% for the first five months. Just keep in mind that once those five months are up, the interest rate reverts to a lower 0.85% 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.
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Balances from $0: 0.00% p.a. |
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Balances from $0: 0.00% p.a. |
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Bonus rate for the first 5 months from account opening |
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$0.00 |
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n/a |
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unlimited free transactions from phone and internet |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$0.00 |
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n/a |
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$0.00 |
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$0.00 |
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Monthly |
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no |
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none |
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no |
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no |
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no |
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no |
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no |
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yes |
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yes |
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no |
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no |
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Must link to a transaction account with this provider |
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none |
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none |
Its very simple and easy. Easy to navigate and very rarely do i need to speak to customer support.
Read full reviewIts very simple and easy. Easy to navigate and very rarely do i need to speak to customer support.
Commonwealth Bank provides exceptional customer service both in person, and over the phone and has always looked after my banking needs for the last 30years. Couldn’t be more happier with such a professional organisation !
Read full reviewCommonwealth Bank provides exceptional customer service both in person, and over the phone and has always looked after my banking needs for the last 30years. Couldn’t be more happier with such a professional organisation !
The bank has been consistent in delivering the services that are expected to be provided. Excessive fees. However, every bank seems to be the same. If you want reliability and ease of use would recommend commbank, however there are probably better... but Stick to the devil you know I say.
Read full reviewThe bank has been consistent in delivering the services that are expected to be provided. Excessive fees. However, every bank seems to be the same. If you want reliability and ease of use would recommend commbank, however there are probably better... but Stick to the devil you know I say.
I find the NetBank Saver to be a very convenient bank account, I love that I have easy access via the phone app and there are lots of branches and an AU phone assistant line.
Read full reviewI find the NetBank Saver to be a very convenient bank account, I love that I have easy access via the phone app and there are lots of branches and an AU phone assistant line.
I love this bank and recommend to anyone no problems!
Read full reviewI love this bank and recommend to anyone no problems!
Bank of Queensland
Future Saver Account
3.50% p.a. (for $0 to $50,001)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Virgin Money
Boost Saver with Go Account
2.80% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Westpac
Life - 18-29 years old
3.25% p.a. (for $0 to $30,000)
1.00% p.a.(for $0 and over)
Yes up to $250,000
MyState Bank
Bonus Saver Account
2.60% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Virgin Money
Grow Saver
2.30% p.a. (for $0 and over)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Bank of Queensland
Smart Saver Account
2.85% p.a. (for $0 to $250,001)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Virgin Money
Boost Saver with Go Account
2.80% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Bank of Queensland
Future Saver Account
3.50% p.a. (for $0 to $50,001)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Westpac
Life - 18-29 years old
3.25% p.a. (for $0 to $30,000)
1.00% p.a.(for $0 and over)
Yes up to $250,000
MyState Bank
Bonus Saver Account
2.60% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Virgin Money
Grow Saver
2.30% p.a. (for $0 and over)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Bank of Queensland
Smart Saver Account
2.85% p.a. (for $0 to $250,001)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Bank of Queensland
Future Saver Account
0.05% p.a.(for $0 and over)
3.50% p.a. (for $0 to $50,001)
Yes up to $250,000
Virgin Money
Boost Saver with Go Account
0.05% p.a.(for $0 and over)
2.80% p.a. (for $0 to $250,000)
Yes up to $250,000
MyState Bank
Bonus Saver Account
0.05% p.a.(for $0 and over)
2.60% p.a. (for $0 to $250,000)
Yes up to $250,000
Virgin Money
Grow Saver
0.05% p.a.(for $0 and over)
2.30% p.a. (for $0 and over)
Yes up to $250,000
Bank of Queensland
Smart Saver Account
0.05% p.a.(for $0 and over)
2.85% p.a. (for $0 to $250,001)
Yes up to $250,000
Auswide Bank
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
1.26% p.a. (for $0 and over)
Yes up to $250,000
UniBank
Mighty Saver Account
0.10% p.a.(for $0 and over)
1.00% p.a. (for $0 and over)
Yes up to $250,000
Teachers Mutual Bank
Mighty Saver Account
0.10% p.a.(for $0 and over)
1.00% p.a. (for $0 and over)
Yes up to $250,000