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About NetBank Saver

Features

  • No bank fees – you can only access your account online or via the telephone, so you pay no account fees. Fees may still apply to your linked CommBank transaction account
  • Interest calculated daily
  • 24/7 banking – transfer funds anytime
  • Linked savings account – you use your CommBank transaction account to transfer money to and from your NetBank Saver account. If you're new to CommBank we'll automatically open an Everyday Account Smart Access for you when you open your NetBank Saver
  • Instant transfer – move money into your CommBank transaction account and be withdrawing it in minutes so you’ll never miss out on interest
  • Regular savings plan – helps you save by scheduling regular transfers from your linked transaction account.
  • Personalised goals and savings tool – set up your saving goals in NetBank

How to apply

  • Australian residential address
  • 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 can apply for a NetBank Saver:

  • If you’re older than 16 years of age
  • If the account is in a personal name (maximum of two applicants for joint accounts) and it’s for personal use

  • Applications for accounts where funds are held in trust are unable to be opened online. If you would like to open a trust account, please visit any branch 
  • If you don’t apply through NetBank, you’ll receive all the forms you need to open your account within seven business days

If you have questions, call 13 2221 at any time.

Rates and fees

Keep your balance above $1 and earn high daily interest.

Balance

Interest Rate

$1 up to and including $5 million

3.81% p.a.*

$1 or more

2.50% p.a.

Fees and charges
There are no fees for using your NetBank Saver but fees may apply to your linked Commonwealth Bank transaction account.  

Special offer
*Open a NetBank Saver for the first time from 02 May 2014 and you’ll receive a special bonus variable interest rate of currently 3.81% p.a., which includes a fixed bonus margin of 1.31% p.a. above the NetBank Saver standard variable rate of currently 2.50% 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.

Related products

GoalSaver

Reach your savings goals faster thanks to a great variable rate.

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Youthsaver

Designed for under 18s, this account sets you on the path to financial freedom with bonus interest for regular savings.

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Term Deposits

Enjoy a fixed rate of return for the nominated term, so you know exactly what your investment's worth.

Learn more

How can we help you?

Important information

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.

A linked transaction account is required. If you have a complaint, the Bank’s dispute resolution process can be accessed on 13 2221.

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