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.

Related Stores

Commonwealth Bank

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  xiaozaocha on 18/10/2022 - 10:05

  ING already applied 4.05 for a few days. BIG4 need to move faster.

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    xiaozaocha on 18/10/2022 - 10:45

    +1

    and it is targeted?? for what

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  blackmanshade on 18/10/2022 - 12:36

  why bother when ANZ Plus, ING and Macquarie are giving better rates.

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  bluesky on 18/10/2022 - 13:10

  I know for me personally I have a lot of elderly family/friends that aren't comfortable with the idea of branch-less banks

  In addition, it is also useful for those of us, who have Comsec accounts that settle using a Commbank account. Sometimes we have no choice but to keep funds for a short interval (e.g. a weekend) at Commbank, waiting for settlement. This option gives us a higher interest, and funds can be moved instantly to the settlement account on settlement day.

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  GoIdDigger on 18/10/2022 - 13:14

  +3

  But guys, it's for 3 whole extra months! Don't we owe CBA some gratitude?

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  GregRust on 18/10/2022 - 14:59

  +1

  Better off buying CBA shares with your savings and taking the 3.85% dividend yield.

  Not financial advice.

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    DogeConomy on 18/10/2022 - 21:31

    4.30% according to latest sources from ycharts.

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      GregRust on 19/10/2022 - 07:04

      +1

      Even better.

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  Choc83 on 18/10/2022 - 15:44

  +1

  Cba really taking acquiring the urine with this 'deal'

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  ninohax on 18/10/2022 - 16:20

  Absolute rubbish! This is not a deal. This is commbank ripping off people with shitty interest rates

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  Donaldhump on 18/10/2022 - 16:22

  why bother its a shit rate

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  rxjb on 18/10/2022 - 19:05

  My kids accounts are visible in my netbank but can't create a netbank saver in their name. Why not? So I need to go into a branch?

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    capslock janitor on 27/10/2022 - 19:48

    how u go?

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  buckethat on 19/10/2022 - 00:36

  Terrible.

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  dogzilla on 01/11/2022 - 17:56

  now at 2.95% after i checked today (1.85% + 1.05%) in the same options

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  uwuwu on 03/11/2022 - 21:18

  So many other better options

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