This was posted 1 year 6 months 10 days ago, and might be an out-dated deal.

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Bonus 1.65% p.a. Interest (Total 2.75% p.a.) for 3 Months on Netbank Saver Accounts (Activation Required) @ Commbank

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Bonus 1.65% p.a. Interest (Total 2.75% p.a.) for 3 Months on Netbank Saver Accounts (Activation Required) @ Commbank
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LemonShapedRock on 17/10/2022 - 21:49 commbank.com.au (1187 clicks)
Last edited 18/10/2022 - 12:02 by 1 other user

There's a feature in Netbank to allow you to apply bonus interest on your Netbank Savers.

At present there's an offer (may be targeted) for +1.65% for 3 months on top of the base interest rate of 1.1% (total of 2.75% for 3 months).

To apply this follow the below steps

  1. Log into your Netbank
  2. Select "settings" in the top right
  3. Scroll down and select "Change account options"
  4. Select your Netbank Saver then elect the bonus you're eligible for from the drop down.

This post isn't targeted at those people looking for the best rate out there, but rather to those that prefer to keep their savings in their current bank (EG Commonwealth" and aren't satisfied with the 1.1% they're currently being offered.

I know for me personally I have a lot of elderly family/friends that aren't comfortable with the idea of branch-less banks, limiting where they can earn a decent rate on their savings. So this option makes a big difference for them.

Financial Bank Account Savings Account

Related Stores

Commonwealth Bank
Commonwealth Bank

closed Comments

  • Sheng on 17/10/2022 - 21:53
    +16

    Just do it on the app. Hit search and type in "compare" and the option is the second listed.

    • capslock janitor on 18/10/2022 - 00:24
      +2

      Where's search?
      Can't see on android

      • danaahmadi on 18/10/2022 - 02:47
        +1

        on Android there is a question mark at top right click on that then there is a gray box of search the app…

        • OzBoganYeah on 18/10/2022 - 09:23

          Can you take a screenshot? I also can't find it on android app…

    • hellobin on 18/10/2022 - 10:36

      thanks

  • Freeza on 17/10/2022 - 21:58
    +11

    Just search for "Compare & switch account options" if step 3 is not available on the website.

    • Grey 13 on 17/10/2022 - 22:18

      Thank you.

  • YLUO on 17/10/2022 - 22:08
    +4

    Bonus 1.45% for me.

    • capslock janitor on 27/10/2022 - 19:35

      Bonus 3mths 1.85% for me = 2.95% p.a.

      Classic/Current total 1.10% p.a.

  • Meet0this on 17/10/2022 - 22:24
    +1

    Literally just got 2.45 for 2 months

  • mangobango on 17/10/2022 - 22:28

    Only 0.55% for me.

  • jsefrog on 17/10/2022 - 22:29

    AMP savings account 3.65%
    250 min deposit, interest applied next cal month.
    Just signed up

    • payless69 on 18/10/2022 - 04:19
      +2

      let us know if that paid next month actually costs you 1 months worth? Confused!

  • cook99 on 17/10/2022 - 22:30
    +59

    So many better rates available, why bother with anything starting with a 2?

    • Kaines on 18/10/2022 - 07:08
      +5

      Agree. Rubbish.

  • JSONBourne on 17/10/2022 - 22:34
    +50

    ING is 4.05%, why would you bother with this rate?

  • BargainBuddy on 17/10/2022 - 22:39
    +21

    Lol. Bonus my ****. Even ANZ plus is giving 3.25%.

  • Techie4066 on 17/10/2022 - 22:41
    +18

    Highly uncompetitive. OzBargainers should know better. Nothing against you OP.

  • Sir Flabo on 17/10/2022 - 22:43
    +6

    I hear what youre saying OP but a saver account that doesnt even compete with many other bank's everyday account interest rate does not a deal make

  • donny donny on 17/10/2022 - 22:52
    +18

    one of the worst rate, great find

  • Wiadro on 17/10/2022 - 22:54
    +6

    thanks mate, enabled it for the 5 bucks I hold in savings with CBA

  • Belv on 17/10/2022 - 22:54

    The ad says 3% introductory rate then they only gave me 2.35%. do have a bit of money in there so they possibly low balling me ….

    • imcold on 20/10/2022 - 23:17

      This is 3% offer is for your first Net-bank account. The only realistic option is to do a bank-run on CBA. If lots of people start sending money out each week then interest rates will go up without any games or finding links that give page not found screen.

  • gromit on 17/10/2022 - 23:06
    +13

    Really shows u how abysmal CBA are. Even a special deal is worse than everyone else's standard rate.

  • kittyyay on 17/10/2022 - 23:12

    This showed no available rate change for me. The total they are offering is 2.4%.

  • Sammyboy on 17/10/2022 - 23:14
    +4

    only extra 0.15% for me lol taking it to an amazing total of 1.25%

    • Loopholio on 19/10/2022 - 13:07

      Same here. They know I won't bother finding a better deal.

  • sagrgar on 17/10/2022 - 23:15

    Hi all. I have my savings with CBA, but with other banks offering 3+% interest rate, is it a good idea to switch bank? What are the pros and cons here? Why isn't everyone flocking towards bank offering higher interest rate and staying with CBA?

    • Kamppinator on 17/10/2022 - 23:20
      +12

      Laziness most likely

      • rainynight65 on 18/10/2022 - 08:46

        Says someone who's never tried to change banks.

        • Kamppinator on 18/10/2022 - 08:55

          Calm down mate I am one of the lazy ones who is using a St George account that maxes out at 2.85%

    • Belv on 17/10/2022 - 23:26
      +3

      The easiest savings account with the least hassles is ubank I find

      • dontpanic on 18/10/2022 - 01:43

        ANZ Plus offer the same 3.25% with no hoops at all. The initial catch was you could only transfer $5000 out per day (making it hard to switch to a competitor if you had a pile of cash sitting in there), but that's now been upped to $30,000. Good option if you want to just set and forget.

    • vickiolesen on 17/10/2022 - 23:44
      +7

      Commbank jas many branches, which is a big advantage for the elderly, who do not like to do internet banking. Their rates are terrible though

      • capslock janitor on 18/10/2022 - 00:18
        +1

        This.
        I have CBA as main bank coz of how big they are & sheer availability of physical branches nearest that cater to my family in case we need face to face.
        (Would prefer to use ANZ/plus with my income once I can get that set up.)

        But I do route my savings from there to elsewhere, ING and :ubank atm

      • Cheapskate Paul on 18/10/2022 - 01:10
        +1

        But this deal is for netbank. The net part means internet.

    • NotBritishorUK on 18/10/2022 - 00:12

      Might be the same reason you have all your savings there

    • tdw on 18/10/2022 - 00:21
      +3

      emotionally attached to their dollarmites account from back when they were kids?

      not even my mother who's nearly 70 has an account with these "big 4" banks. she knows they're trash. she has her money split across a few online savings accounts to get the best interest. she stopped using cash for most purchases quite a while ago. any cash she needs, she does a cash-out at the shops. deposits are done Aus Post.

      neither of us has stepped into a bank branch for years

    • Shwayne on 18/10/2022 - 14:32

      I have an account with most banks, just move the money to the one with the highest interest rate, and have a recurring transaction that sends $2k between banks to waive all fees.

  • Rocket6 on 17/10/2022 - 23:17
    +2

    As others have said, poor deal

  • Highest ground on 17/10/2022 - 23:18
    +3

    I've been generously offered 0.15% bonus

    • AussieDeals on 17/10/2022 - 23:44
      +4

      Better than a kick in the nuts I guess

    • DogeConomy on 18/10/2022 - 21:22
      +1

      I recieved both the 1.65% bonus and the 0.15% bonus. (sad you can only choose one at a time and the other one might expire, but I'm content with my extra 1.65%.)

  • NotBritishorUK on 18/10/2022 - 00:04
    +24

    The OP isn’t advertising this as a deal to switch to from another bank, and specifically points out it’s for those who don’t want to move. It’s a good deal for those who were getting a really shit rate with CommBank and through this technique are getting a boost of 1%+ to a less shit rate

    I got a 1.05% boost I wasn’t aware of. I boosted before but didn’t realise it had run out until the OP directed me

    I have money in UBank and ING, just like to have some sitting in CommBank too and this has helped

    • Toph Beifong on 18/10/2022 - 02:32

      Obviously none of these neggers have actually read the body of the post…

      • Techie4066 on 18/10/2022 - 11:20

        neggers

        What's that?

        Yeah, we have. CBA customers could be less lazy and have ING + ubank + Macquarie if they needed many accounts, and keep their CBA account empty for using physical facilities. I'm sure oldies have figured out online banking.

        • Shwayne on 18/10/2022 - 14:33
          -1

          People pressing the negative symbol as you have.

  • capslock janitor on 18/10/2022 - 00:22
    +2

    Why 3mths only?

    • tdw on 18/10/2022 - 00:24
      +5

      for the same reason they can't even give more than 3% interest

      • capslock janitor on 18/10/2022 - 09:07

        What reason

        • tdw on 18/10/2022 - 10:05

          can't have this prestigious bank going broke from being too generous now, can we?

  • dsar on 18/10/2022 - 00:39
    +1

    Still not a deal lmao

  • F1Maniac on 18/10/2022 - 01:23

    loan to saving rate difference is as high —> banks just getting more of the cut unlike other offers out there. not a deal.

  • red sed on 18/10/2022 - 02:36
    +4

    Conbank is the biggest tite backside bank in the world! With the profits they make why do they offer the lowest savings rates?
    Corruption at its best!

    • nismo on 18/10/2022 - 13:24
      +1

      With the profits they make why do they offer the lowest savings rates?

      Haven't you answered your own question?

  • dogsryummy on 18/10/2022 - 04:02
    -3

    OP posts a deal about essentially free money in ~20 seconds for those who weren't looking to switch in the first place

    "b-but MY Bank IS bettEr Than YouRs"

    Who asked?

    • Techie4066 on 18/10/2022 - 11:22

      Couldn't you argue the same for an OP posting a lazy deal with a product price that isn't the lowest available?

  • payless69 on 18/10/2022 - 04:15
    -1

    With everybody given a different rate this is proof that current banking regulation does no longer work under this government. It did under the last one!

  • Employeenaru6705 @ Commonwealth Bank on 18/10/2022 - 07:10
    +1

    Pathetic

  • THX on 18/10/2022 - 07:22
    +6

    Cba removing all their physical ATMs and bad saving rates, better off going to a neobank

    • capslock janitor on 18/10/2022 - 09:08

      Didn't know they removing?..
      Seems to be here still

  • tessel on 18/10/2022 - 07:31

    Up, down, up, down, left, left, right, right, down

    • YoursTruly on 18/10/2022 - 07:53
      +5

      ⬆️⬇️⬆️⬇️⬅️➡️⬅️➡️🅱️🅰️

  • Shane034 on 18/10/2022 - 07:47
    +2

    So not only do they give poor interest rates, they make customers go searching to activate them..

  • Scozza on 18/10/2022 - 08:10
    +3

    So many other banks offering better rates..

  • alexisagun8 on 18/10/2022 - 08:30

    This is bad / not a good rate

  • turnip on 18/10/2022 - 08:31

    Uncompetitive rate with conditions attached

  • Gazpacho on 18/10/2022 - 08:36

    Uncompetitive rate, do better CBA

  • Kaberio on 18/10/2022 - 08:43
    +3

    in my app it's 3% for 5 month

    • snappy1234 on 18/10/2022 - 08:56

      Same :)

      Not that i will bother

      Plenty of others much higher.

      • capslock janitor on 27/10/2022 - 19:44

        how yall targeted for more?

        wouldnt that make it 4.1

    • costas60 on 18/10/2022 - 09:12

      where does it show 3% I can not see it. Mine shows 1.1%

      • snappy1234 on 18/10/2022 - 10:31

        Just thru the App

        Never opened a netbank saver before
        ? maybe as stated earlier by many people it varies for some reason.

        • nismo on 18/10/2022 - 13:29
          +2

          Yeah, I have the 3% for 5M offer also, never had a Saver account with them, I assume it's for new / first time Saver accounts.

  • MuddyClear on 18/10/2022 - 08:43

    So you get a new keycard for new savings account…nice

    • capslock janitor on 27/10/2022 - 19:45

      it's applied to current/existing saver acc?

  • Zapwap on 18/10/2022 - 08:51

    Offering almost 2% less than other competitors and then again it's targeted lol

  • damunsta on 18/10/2022 - 08:52
    +6

    I was in a CBA branch a few months back closing my accounts due to the poor rates. The branch worker said, yeah I understand the rates here haven’t changed as most of our clients don’t know how to switch banks.

    • tdw on 18/10/2022 - 15:46
      +2

      cba are like harvey norman…they're only propped up by people too scared to shop around.

  • mini_wombat on 18/10/2022 - 08:57
    +1

    Targeted rate … banks should give the same conditions to everybody.

    • payless69 on 18/10/2022 - 09:05

      I did NOT vot for the joker!

      • capslock janitor on 18/10/2022 - 09:08

        What's wrong w joker

        • payless69 on 18/10/2022 - 09:10
          -1

          responsible lending laws kicked out, banking regulations relaxed
          but round your back tightened up withdrawals!

  • payless69 on 18/10/2022 - 09:04

    They have a "prison" saver with conditions

  • richmond12 on 18/10/2022 - 09:09

    Only 0.15 for me

  • EuphratesFate on 18/10/2022 - 09:11

    So I guess this should be applied on the day it adds interest to get the bonus for the complete duration of 3 months?

  • costas60 on 18/10/2022 - 09:11

    NOTHING for me or my wife

  • Rupture on 18/10/2022 - 09:23
    +2

    Negging because it doesn’t meet the criteria for a deal. It’s not the best savings rate out there by far. It’s targeted, requires activation, and is only for 3 months. Absolute joke. CBA rely on customer laziness and being a big name and aren’t competitive at all.

  • Bdawg on 18/10/2022 - 09:28
    +3

    Yet they charge me >5% for my mortgage, cunning.

  • Drakesy on 18/10/2022 - 09:30
    +5

    Laughs in Ubank.

  • bb22 on 18/10/2022 - 09:35
    +5

    ING - 4.05%, up to $100k
    AMP Saver - 3.60% from 1/11, up to $250k
    Macquaire - 4.00% 4 month intro rate, 3.20% afterwards up to $250k
    UBank - 3.60% from 1/11, up to $250k

    — Commbank Can??? —

    • squinly on 18/10/2022 - 16:32

      Commbank can… give you an uncompetitive return on your hard earned savings…

  • ruztynail on 18/10/2022 - 09:48
    +1

    the bigger the bank. the more stingy they are… same like their home loans Cash Back… ridiculous…

  • equal on 18/10/2022 - 09:54

    plenty of decent rates out there, this is just embarrassing

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