1 Open a NetBank Saver for the first time from 11 December 2020 and you’ll receive a variable introductory interest rate for the first 5 months after account opening. The variable introductory rate is currently 0.55% p.a., which includes a fixed bonus margin of 0.50% p.a. above the NetBank Saver standard variable rate, currently 0.05% p.a. At the end of the introductory rate period the NetBank Saver standard variable rate applicable at that time will apply. This introductory rate offer is available for a limited time only and the Bank reserves the right to terminate this offer at any time. The variable 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.
2 Requires a GoalSaver or NetBank Saver in your name only.
3 If you’re eligible, you can ask us instead to open a Streamline Basic account – which has no monthly account fees. You can open a Streamline Basic account if you hold an Australian Government issued Commonwealth Seniors Health card, Pensioner Concession card, or a Health Care card. To open a Streamline Basic and link this to your NetBank Saver, visit a branch. Find out more here.
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). Full terms and conditions for the transaction and savings accounts mentioned (PDF) and Electronic Banking (PDF) are available here or from any branch of the Commonwealth Bank.