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NetBank Saver

Why save with CommBank?

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Competitive introductory rate and no bank fees#

2.70% p.a. variable rate for first 3 months on your first NetBank Saver account* (includes 1.45% p.a. fixed bonus margin above the current standard variable rate of 1.25% p.a.). Find out more about rates and fees.

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Instant transfers, 24/7

Don’t miss out on interest - move money between your CommBank transaction account and NetBank Saver any time in NetBank and the CommBank app.

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Tools to help you save

See how much you can save with our savings calculator, and set goals and schedule transfers in NetBank.

 

Ready to open your NetBank Saver account?

or

Already a customer banking online with us?

Save time by using your NetBank details.

 

Open in NetBank

New customer or don't bank online with us?

Open now

or

Balance

Interest Rate

$0.01 up to and including $5 million

2.70% p.a.*

$0.01 or more

1.25% 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 19 August 2016 and you’ll receive a special bonus variable interest rate of currently 2.70% p.a., which includes a fixed bonus margin of 1.45% p.a. above the NetBank Saver standard variable rate of currently 1.25% 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.

What you need:

  • 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 may also need (if applicable):

  • Your Everyday Account with Smart Access account number (if you have an existing account)
  • NetBank client number (if you’re a NetBank customer)

You can apply for a NetBank Saver:

  • If you’re older than 14 years of age
  • If the account is in a personal name (maximum of two applicants for joint accounts) and it’s for personal use
  • If you're new to CommBank we'll automatically open an Everyday Account Smart Access for you when you open your NetBank Saver.
  • 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.

or

Already a customer banking online with us?

Save time by using your NetBank details.

 

Open in NetBank

New customer or don't bank online with us?

Open now

or

'School' photo of people graduating from the Academy of Saving

Savings tips and guides

Whether you want to save for a holiday, car, home deposit or rainy day, our Academy of Saving shows you how to reach your goals – from creating a budget and managing your income to keeping yourself motivated to save.

Find more ways to save

Related products

GoalSaver

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

Learn more

Youthsaver

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

Learn more

Term Deposits

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

Learn more

Things you should know

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.