CommBank Youthsaver Account
Bonus rate
Designed to help teach saving skills to under 18s, our Youthsaver account offers bonus interest for reaching saving goals.
- Base rate up to
- 2.35%
- Introductory rate
- None
- Maximum balance
- None published
Rate with bonus, up to
Rates by balance
| Balance | Base rate | Bonus | Total |
|---|---|---|---|
| $0 to $50,000 | 2.35% | +2.95% | 5.30% |
| $50,000 and over | 2.35% | None | 2.35% |
Who can open it
- Age to open
- Up to 17
- Maximum balance
- None published
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
5.30%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
2.35%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- A higher rate. Up to 5.30%, above the typical 3.65%. On $10,000 that's about $530 a year.
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- An age limit. Only for people up to 17.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 5.30%
- Bonus conditions
- Yes
- Most it pays
- 5.30%
- Bonus conditions
- None
- Most it pays
- 5.30%
- Bonus conditions
- None
