Help & support
5.10% p.a. variable introductory rate:1
Move money between your CommBank transaction account and NetBank Saver any time in NetBank or the CommBank app.
See how you can set up regular transfers to keep you on track or create a savings goal in the CommBank app with Goal Tracker2 and make regular (automated) transfers from your everyday account.
We’ll protect you from losses due to unauthorised transactions on personal and business accounts when you take the necessary steps to stay safe online.
We’re Australia’s largest bank, with an extensive branch network across the country, and Australian-based call centres. We’re here to help you when you need it.
If you don’t have an existing transaction account to link to your NetBank Saver, then we’ll automatically open a Smart Access account for you when you open a NetBank Saver.3 Fees may apply to this account.4
Interest for the NetBank Saver account is:
If you’re new to CommBank or do not have an existing transaction account, we’ll automatically open an Everyday Account Smart Access for you when you open your NetBank Saver.
You may choose to quote your Tax File Number (TFN), Australian Business Number (ABN) or TFN Exemption.5
You can apply for a NetBank Saver if you're:
For joint accounts:
1 Open a NetBank Saver for the first time from 16 November 2023 and you’ll receive a variable introductory interest rate for the first 5 months after account opening. The variable introductory rate is currently 5.10% p.a., which includes a fixed bonus margin of 2.75% p.a. above the NetBank Saver standard variable rate, currently 2.35% p.a. At the end of the introductory rate period the NetBank Saver standard variable rate applicable at that time will apply. This introductory rate offer is available for a limited time only and the Bank reserves the right to terminate this offer at any time. 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.
2 Requires a GoalSaver or NetBank Saver in your name only.
3 Eligible CommBank transaction account can be Smart Access, Complete Access, Everyday Offset, Pensioner Security or Streamline Basic account in the same name as your NetBank Saver account. If you don’t have an existing eligible transaction account, we will open a Smart Access account under the same name as your NetBank Saver.
4 If you’re eligible, you can ask us instead to open a Streamline Basic account – which has no monthly account fees. You can open a Streamline Basic account if you hold an Australian Government issued Commonwealth Seniors Health card, Pensioner Concession card, or a Health Care card. To open a Streamline Basic and link this to your NetBank Saver, visit a branch or if you're an existing customer, you can also call 13 2221. Find out more here.
5 The Bank is authorised under the taxation laws to collect a Tax File Number (TFN), an Australian Business Number (ABN) or an exemption code. It is not an offence if you don’t provide a TFN, an ABN or an exemption code, but by law, we may be required to withhold a portion of your interest earned on the account.
The target market for this product will be found within the product’s Target Market Determination, available here.
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). Full terms and conditions for the transaction and savings accounts mentioned (PDF) and Electronic Banking (PDF) are available here or from any branch of the Commonwealth Bank.
