CommBank NetBank Saver Summary
Description
An online savings account with the flexibility to move money in and out of your linked CommBank transaction account using NetBank or the CommBank app.
Benefits
- Introductory rate of 5.50% p.a. for 5 months for eligible customers.
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
More benefits
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Applicants must be at least 14.
- The introductory offer is temporary, lasting 5 months. The ongoing rate then applies.
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Details
Key details
| Product name | CommBank NetBank Saver |
|---|---|
| Maximum variable rate | 5.50% p.a. (Introductory, first 5 months) |
| Ongoing interest rate | 2.30% p.a. |
| Base interest rate | 2.30% p.a. |
| Minimum age | 14 years |
Source: noren.com.au
All comparison details
| Base | 2.30% |
|---|---|
| Ongoing | 2.30% |
| Ongoing cap | No cap |
| Intro | 5.50% |
| Intro cap | No cap |
| Intro period | 5 mths |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 14 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 2.30% p.a..
- Introductory: 5.50% p.a. for 5 months for eligible customers. No upper cap.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 2.30% | Whole balance | All balances |
| Introductory total, first 5 months | 5.50% | Whole balance | All balances |
Source: noren.com.au
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Requirements
- Provider fee review 29 October 2026: this savings account has no monthly account-keeping fee. This does not waive transaction, statement, special-service or separately linked-account charges, their published conditions still apply.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with CommBank.
- Age 14 or over.
- Individual applicants only
- For customers wanting to apply online, they will require an Australian residential address.
- If you're already a CommBank customer, you'll need your NetBank Client Number. If you're not already a CommBank customer, your Australian driver's licence, Medicare card, passport or Australian birth certificate to identify yourself.
- You'll need to link an eligible CommBank transaction account to your NetBank Saver. Eligible accounts can be a Smart Access, Complete Access, Everyday Offset, Pensioner Security, or Streamline Basic with CommBank in the same name as the NetBank Saver account. If you're new to CommBank or don't have an existing eligible transaction account to link to your NetBank Saver, then we'll open an eligible transaction account for you when you open a NetBank Saver. Fees may apply to these accounts.
Introductory eligibility
- Fixed bonus margin for the first 5 months on your first NetBank Saver. The introductory interest rate will not apply to NetBank Saver accounts which are jointly owned where one of the account holders has previously held a NetBank Saver account.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected and verified on 31 Oct 2026.