Features

Your linked savings account

NetBank Saver is a high interest online savings account linked to your Commonwealth Bank transaction account. You use your transaction account to transfer money to and from your NetBank Saver account.

A rate to smile about

Watch your savings grow with a special bonus competitive variable interest rate of currently 5.25% p.a., which includes a fixed bonus margin of 1.00% p.a. above the NetBank Saver standard variable rate of currently 4.25% p.a., for 3 months after account opening for balances up to and including $5 million. For balances over $5 million and at the end of the introductory period, the NetBank Saver standard variable rate will apply. The Bank reserves the right to terminate this offer at any time.

Interest calculated daily

With interest calculated every day, and credited monthly, you’ll notice the growth right away.

Instant transfer

Get your money in a flash. With instant funds transfer, you can move money from your NetBank Saver into your Commonwealth Bank transaction account within moments, and be withdrawing it in minutes.

No bank fees

Because you can only access your NetBank Saver online or via the telephone, you pay no account fees. Fees may still apply to your linked Commonwealth Bank transaction account.

Regular savings plan

Set it up and forget about it. A regular savings plan takes care of your savings, so you don’t have to worry. You set the amount, you set the date. Plus you can change your plan when you like, so you won’t feel locked in.

24 hour banking

Check your savings progress, and transfer funds via NetBank, 24 hours a day, 7 days a week.

 

• Important information
  Interest rate is current as at 19/12/2011 and subject to change.
  
  The advice on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the advice, consider its appropriateness to your circumstances. Please view our Financial Services Guide (PDF 68KB). Full terms and conditions for the transaction and savings accounts mentioned and Electronic Banking are available here or from any branch of the Commonwealth Bank.