CommBank Youthsaver Account Summary
Description
Designed to help teach saving skills to under 18s, our Youthsaver account offers bonus interest for reaching saving goals.
Benefits
- No monthly savings-account fee.
Hoops
- Available up to age 17.
- For bonus interest, make at least 1 qualifying deposit each month, grow the balance by at least $0.01 each month. Check the full requirements below.
- Ongoing rate cap: $50,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | CommBank Youthsaver Account |
|---|---|
| Maximum variable rate | 5.30% p.a. |
| Ongoing interest rate | 5.30% p.a. |
| Base interest rate | 2.35% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 2.35% |
|---|---|
| Ongoing | 5.30% |
| Ongoing cap | $50K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | - |
| Growth/mth | $0.01 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | - |
| Max age | 17 |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 2.35% p.a., before bonus interest.
- Ongoing: 5.30% p.a. when bonus conditions are met. Up to $50k.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 2.35% | Whole balance | All balances |
| Ongoing total, conditions met | 5.30% | This band only | First $50k |
| Ongoing total, conditions met | 2.35% | This band only | Over $50k |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- Make at least 1 deposit(s) each calendar month.
- Increase the month-end balance by at least $0.01, excluding interest and bank-initiated transactions.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with CommBank.
- This account is for anyone under the age of 18 years of age. For children 13 years or under, a parent or legal guardian will need to open the account.
- Accounts must be in the child's name only and are unable to be opened as a trust.
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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.