Finty
CommBank

CommBank NetBank Saver

No conditions on the rateIntroductory rate

An online savings account with the flexibility to move money in and out of your linked CommBank transaction account using NetBank or the CommBank app.

Written byDavid Boyd
Base rate up to
2.30%
Introductory rate
5.50% for 5 months
Maximum balance
None published

Rate a year, up to

Open account

Rates by balance

BalanceBase rate
Any balance2.30%

Who can open it

Age to open
14 and over
Maximum balance
None published

Who it's for

  • For customers wanting to apply online, they will require an Australian residential address.
  • If you're already a CommBank customer, you'll need your NetBank Client Number. If you're not already a CommBank customer, your Australian driver's licence, Medicare card, passport or Australian birth certificate to identify yourself.
  • You'll need to link an eligible CommBank transaction account to your NetBank Saver. Eligible accounts can be a Smart Access, Complete Access, Everyday Offset, Pensioner Security, or Streamline Basic with CommBank in the same name as the NetBank Saver account. If you're new to CommBank or don't have an existing eligible transaction account to link to your NetBank Saver, then we'll open an eligible transaction account for you when you open a NetBank Saver. Fees may apply to these accounts.

How it compares

Against the other savings accounts we compare. Typical means the middle half of them.

Most it pays

2.30%

At its best balance, with any bonus. Typical is 3.65%.

Base rate

2.30%

What it pays without a bonus. Typical is 2.40%.

Pros and cons

Pros

  • No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.

Cons

  • A lower rate. Up to 2.30%, below the typical 3.65%, so your savings grow more slowly than in many other accounts.
  • An intro rate. Part of the rate lasts 5 months, then drops, so check again when it ends.

Similar savings accounts

Savings accounts from other banks that pay a similar rate at their best.