A savings account for every type of saver

Need some flexibility? 

  • 4.65% p.a. variable introductory rate1 when you open a NetBank Saver for the first time
  • Move money in and out of your linked CommBank transaction account 
  • $0 monthly account fees*

Discover NetBank Saver

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Saving for something special? 

  • 4.45% p.a. bonus variable rate2
  • Earn bonus interest when you grow your balance each month
  • $0 monthly account fees*

Discover GoalSaver

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Want to leave your savings untouched? 

  • 4.00% p.a. for 12 months (special offer available from 13 June 2025 until 3 July 2025 inclusive3
  • Lock away savings at a fixed rate with a Term Deposit
  • An investment with a fixed rate of return
  • To invest from $5,000 to $1,999,999

Discover Term Deposits

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Under 18? 

  • 4.55% p.a. total variable rate5
  • Earn bonus interest when you grow your balance each month
  • $0 monthly account fees*

Discover Youthsaver

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Aged 55 and above?

 
  • $0 monthly account fees*
  • One convenient account for your transaction and savings needs

Discover Pensioner Security Account

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Not sure what’s right for you? 

  • Want to compare interest rates, fees and work out which account is right for you?
  • Check our comparison table with detailed info to help you decide

 

Join 8.5 million people in Australia using the CommBank app

Money Plan in the CommBank app gives you access to handy tools to help you better manage your money, so you can stay in control of your spending and saving – all from the convenience of an app.

Things you should know

  • No monthly account fees apply. For NetBank Saver, fees may apply to a linked transaction account. Other fees may apply. See all fees in our Transactions and Savings Terms and Conditions

    Requires a GoalSaver or NetBank Saver in your name only.

    Open a NetBank saver account for the first time and you’ll receive a variable introductory interest rate for the first 5 months after account opening. The variable introductory rate is currently 4.65% p.a., which includes a fixed bonus margin of 2.75% p.a. above the standard NetBank Saver standard variable rate, currently at 1.90% p.a. Rates effective 30 May 2025 but subject to change. At the end of the introductory rate period the NetBank Saver standard variable rate applicable at that time will apply. 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. This introductory rate offer is available for a limited time only and the Bank reserves the right to terminate this offer at any time.

    Total variable rate is 4.45% when you grow your balance each calendar month (excluding interest payments and transactions by the Bank) and comprises of a Standard Variable Rate of 0.30% and a Bonus Variable Interest Rate of 4.15%. The standard variable rate of 0.30% p.a. will apply if the bonus interest conditions aren't met. 

    Available on balances from $5,000 to $1,999,999 with interest paid annually. Special Offers are available on Term Deposits opened or renewed by personal or Self-Managed Super Fund (SMSF) customers only. The offer is not available to all other Business customers (including Financial Institutions). Personal and SMSF customers can access this special offer online via NetBank and the CommBank App, or visit their nearest branch. Renewing Personal and SMSF Term Deposit customers can also call 13 2221. Rates are subject to change.

    4 Awarded ‘Bank of the Year – Digital Banking’ for 2025 (for the 16th year in a row) by Canstar in May 2025.

    5 4.55% p.a. total variable rate when you grow your balance (excluding interest and transactions initiated by the Bank) each calendar month on balances up to and including $50,000. The total variable Rate comprises of a standard variable interest rate of 2.15% and a bonus variable interest ratee of 2.40%. For the portion of the balance over $50,000 and/or if the bonus criteria isn't met, the standard variable rate will apply.

    6 Not available on Pensioner Security Accounts and Business Transaction Accounts.

    7 Ongoing eligibility conditions apply, see commbank.com.au/commbankyello for more information and the full terms and conditions.

  • The target market for these products will be found within the product’s Target Market Determination.

    The information on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the information, consider its appropriateness to your circumstances. Please view our  Financial Services Guide (PDF). Full terms and conditions for the transaction and savings accounts mentioned are available here (PDF) or from any branch of the Commonwealth Bank.

    Full terms and conditions of the CommBank app are available on the app. The CommBank app is free to download however your mobile network provider charges you for accessing data on your phone. Find out about the minimum operating system requirements for the CommBank app on the CommBank app page