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Banking / NetBank Saver

Featured rate

  • 4.85 % PA

    variable introductory rate#

    • 18-35 years old single account holder? Score a great savings rate
    • Limited time only offer
    • 1.70% p.a. standard variable rate
    • 3.15% p.a. fixed bonus margin for the first 5 months on your first NetBank Saver 
  • 4.70 % PA
    variable introductory rate:1
    • 1.70% p.a. standard variable rate
    • 3.00% p.a. fixed bonus margin for the first 5 months on your first NetBank Saver 

Why choose a NetBank Saver? 

Boost your savings

Earn interest on your balance and watch your savings grow with no monthly deposit conditions.

No monthly account fees

No set up or ongoing monthly account fees 2 and no minimum deposit required.

24/7 flexible savings access

Easily move money between your savings and transaction accounts at any time via NetBank or the CommBank app.

Tools to manage your financial future

Set and track your savings goals in the CommBank App with Goal Tracker 3 and make regular (automated) transfers from your everyday account.

Link to your CommBank transaction account

  • You'll need to link an eligible CommBank transaction account to your NetBank Saver

    If you don’t have an existing transaction account to link to your NetBank Saver, then we’ll automatically open a Smart Access account for you when you open a NetBank Saver.4 Fees may apply to this account.5

Interest rates

                           
Interest Rate
Introductory variable rate during the first 5 months of your first NetBank Saver
(includes fixed bonus margin of 3.00%
 p.a.)
4.70% p.a.1
Standard variable interest rate once your introductory offer period ends
1.70% p.a.

Interest for the NetBank Saver account is:

  • Calculated daily
  • Paid monthly on the first calendar day of the month

If you’re new to CommBank or do not have an existing transaction account, we’ll automatically open an Everyday Account Smart Access for you when you open your NetBank Saver. 

Fees

Fee
Fee AUD
Description
Monthly account fee
$0
No monthly fees. Fees may apply to a linked transaction account4
Paper statement fee
$2.50
A fee charged for all issued paper statements for your NetBank Saver
Transaction listing and ad-hoc paper statement fee
$2.50
A fee charged when you ask us to give you a paper copy of transaction listing, past statement or ordered statements

How to apply

  • What you need to open online:

    • 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, have at least one physical ID handy (your Australian driver’s licence, Medicare card, passport or Australian birth certificate) to identify yourself. If you’re over 18, you must use an Australian driver licence or an Australian or foreign passport
    • You'll need to link an eligible CommBank transaction account to your NetBank Saver, if you don’t have an existing eligible transaction account to link to your NetBank Saver, then we’ll automatically open a Smart Access account for you when you open a NetBank Saver4. Fees may apply to this account5
    • To provide your tax residency (a Government requirement)

    You may choose to quote your Tax File Number (TFN), Australian Business Number (ABN) or TFN Exemption.6

  • Who can apply online?

    You can apply for a NetBank Saver if you're:

    • 14 years or older
    • Opening the account in your name for personal use. You can also open a joint NetBank Saver with one other person

    For joint accounts:

    • Both applicants will need to be 18 years or older
    • You can open this account with one other person if you already have a joint account together with us
    • To open up a joint account for the first time or with someone new please visit your nearest branch together

    Apply online

Tools & support

We're here to help

Things you should know

  • Terms & Conditions

    #To be eligible for the Young Adult Introductory NetBank Saver offer, you must open your first CommBank NetBank Saver account between 18 February 2026 (12:01am, Sydney/Melbourne time) and 7 April 2026 (11:59pm, Sydney/Melbourne time) (‘the offer period’) and be aged 18 to 35 years (inclusive) at the time of account opening. This offer is available for single accounts only; accounts opened in joint names are not eligible for the Young Adult Introductory NetBank Saver offer.

    Eligible customers that open a NetBank Saver for the first time during the offer period will receive a Young Adult Variable Introductory Rate for the first 5 months after account opening (‘bonus margin period’). The Young Adult variable introductory rate is currently 4.85% p.a., which includes a fixed bonus margin of 3.15% p.a. above the NetBank Saver standard variable rate, currently 1.70% p.a. The fixed bonus margin will not change during the bonus margin period. The NetBank Saver standard variable rate is subject to change at any time. At the end of the bonus margin period, the NetBank Saver standard variable rate applicable at the time will apply.

    This offer can only be claimed once per customer during the offer period. This is a limited time only offer. CommBank reserves the right to change, end, or extend this offer at any time

  • 1 Open a NetBank Saver for the first time from 13 February 2026 and you’ll receive a variable introductory interest rate for the first 5 months after account opening. The variable introductory rate is currently 4.70% p.a., which includes a fixed bonus margin of 3.00% p.a. above the NetBank Saver standard variable rate, currently 1.70% 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 from until 13 February 2026 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 Monthly account fees & other fees may apply to your linked transaction account.

    3 Requires a GoalSaver or NetBank Saver in your name only.

    4 Eligible CommBank transaction account can be Smart Access, Complete Access, Everyday Offset, Pensioner Security or Streamline Basic account in the same name as your NetBank Saver account. If you don’t have an existing eligible transaction account, we will open a Smart Access account under the same name as your NetBank Saver. 

    5 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 or if you're an existing customer, you can also call 13 2221. Find out more here.

    6 The Bank is authorised under the taxation laws to collect a Tax File Number (TFN), an Australian Business Number (ABN) or an exemption code. It is not an offence if you don’t provide a TFN, an ABN or an exemption code, but by law, we may be required to withhold a portion of your interest earned on the account.

  • The target market for this product will be found within the product’s Target Market Determination, available 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.