Features & benefits

2.55 % PA
Competitive introductory rate and no bank fees.
Introductory variable rate, currently 2.55% p.a. for first 3 months on your first NetBank Saver account1 (includes 1.55% p.a. fixed bonus margin above the current standard variable rate of 1.00% p.a.).

Easy access to your savings, 24/7

Move money between your CommBank transaction account and NetBank Saver any time in NetBank and the CommBank app.

Tools to help you save

See how much you can save with our savings calculator, set up regular transfers to keep you on track or create a savings goal in NetBank.

Rates & fees

Balance
Interest Rate
Introductory variable rate on balances
$0.01 up to and including $5 million
during the first 3 months of your first NetBank Saver
(includes fixed bonus margin of 1.55%
 p.a.)
2.55% p.a.1
Standard interest rate on balances
greater than $5 million at any time and on balances
$0.01  up to and including $5 million
once your introductory offer period has ended
1.00% p.a.

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.

There are no fees for using your NetBank Saver but fees may apply to your linked CommBank transaction account and if you request paper statements.

How to apply

What you need:

  • Australian residential address
  • If you're not already a CommBank customer, your Australian driver’s licence, Medicare card, passport or Australian birth certificate to identify yourself
  • Tax File Number (TFN) or TFN Exemption. You do not have to provide your TFN to open the account, but if you don’t CommBank is legally required to deduct tax from any interest earned on the account above a certain threshold

You may also need (if applicable):

  • NetBank client number (if you’re already NetBank customer)

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

Apply online

More information

  • If you would like to open a trust fund account, please visit your nearest branch
  • If you apply for this account in a branch, you'll recieve the forms you need within seven business days

Things you should know

Open a NetBank Saver for the first time from 04 September 2017 and you’ll receive a special bonus variable interest rate, currently 2.55% p.a., which includes a fixed bonus margin of 1.55% p.a. above the NetBank Saver standard variable rate, currently 1.00% p.a., for 3 months after account opening for balances up to and including $5 million. At the end of the introductory rate period and for balances greater than $5 million, the NetBank Saver standard variable rate applicable at that time will apply. The Bank reserves the right to terminate this offer at any time.

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.