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Saving for your family's future

If you're looking for a simple but effective way to save for your family's future, a high-interest savings account is a good option. By making regular contributions over a long period, you'll soon build up enough savings to meet your long term goals.

Start with a budget

Before you can start saving, you need to work out a budget. It will show you how much you earn, how much you spend, and what you have left over to save. Try our comprehensive budget planner calculator. It's easy to use and will show you where your money goes each month.

Work out what you're saving for

Having a goal will make it easier for you to save. You should work out a timeframe for achieving your goals. The savings term calculator will help you work out how long it will take for you to reach your savings goal if you make regular monthly savings.

Start a regular savings plan

If you can get into the routine of a regular savings plan, you'll soon get used to not having that extra money to spend each month. Think about setting up a direct debit from your account to coincide with pay day. Our NetBank Saver online savings account offers a competitive rate of interest and has no account fees* so you can save for your goals even faster.

Our GoalSaver savings account rewards you for saving, whether you're a new or existing customer. It offers a great variable bonus interest rate that keeps on going when you increase your balance by at least $200 a month (excluding interest) and make no more than one withdrawal.

A Term Deposit is another effective savings tool because the interest rate is guaranteed not to change for the nominated term so you'll know exactly what your investment's worth. Your term deposit can be used as an income stream because you know your returns are secure.

Parents can help their children develop good saving habits by opening a Youthsaver savings account where regular saving is rewarded with bonus interest when you make one deposit and no withdrawals each calendar month.

Compare the rates, features and fees of these 4 accounts with our comparison table.


  • Important information
    *Fees may apply to your linked transaction account.

    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).

    Terms and conditions for the transaction and savings accounts mentioned and Term Deposits are available online Important Information or from any branch of the Commonwealth Bank.