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Netbank Saver Account Bonus 2.40% p.a. Interest (Total 4.25% p.a.) for 3 Months (Existing Customers Only) @ Commonwealth Bank

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You will need to request this interest rate change in NetBank Settings > Product Requests > Switch account options, select Netbank Saver account and then click Go.

Total Interest rate will be 4.25% (Standard Variable Rate 1.85% + 3 month special offer 2.4%).

Type Compare & Switch on the search bar in the app. Select compare and switch account. Enter your pin and it will direct you to the Comm bank website.

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Commonwealth Bank
Commonwealth Bank

closed Comments

  • Nice

  • +8

    Still shit Ngl only for 3 months eg St George is 4.5% no 3 months and the only hurdle is u have to make sure ur saving is higher than it was at the start of the month

    • -2

      For 0.25% difference, I'd rather CBA than St George. Westpac's systems are already in shambles as is, I dont want to think what their sub bank is like. Westpac's app until Covid was at unusable speeds. However I think my bonus on this CBA account a month back was like for 4 or 6 month instead of just 3

      • +2

        you only get this deal for 3 MONTHS. St George rate currently is all year and not to mention other banks which have higher than st George and not only for 3 month

      • Westpac focuses on big business.
        Retail customers are better off at StGeorge. More interest that CBA, less hoops than others. Good clients get a no fee platinum credit card with double the CBA credit limit. Sadly clumsy login and slow with updates. Good option if you maxed out Ing's 100k baby limit and BOQ considers you as an old expired human.

    • St George is 4.5%

      No thanks

  • +1

    Nope, only offered +2.15% or 4% total

    • same, but apparently im already on OP's deal for 5 months which is better

    • Im the same but i checked a few times the last time around and it appeared about a week or two later for me.

  • I don't see that

  • -3

    Best deal of the year

  • I got 5 month +2.40% offer

  • +2

    After 3 months what happens? I'd stay away.

    • Even on day 1 it's pretty garbage given the competition.

    • After 3 months what happens?

      "The rich get richer
      The poor get the finger
      The bombs never hit you when you're down so low"

    • -6

      After 3 months what happens?

      Albo takes your money.

      • Yeah, Josh would have given it to poor Kooyong kids

        • Why?

          • @jv: Stage 3 tax breaks..

  • @wizard after for months later I can reactivate . That’s what I did with my goal saver before . But that time goal saver was giving only 4% . Still good . Can’t complain … u have to worry end of the year to pay tax based on how much interest you have earned .

    • Almost half goes to tax. Not worth it.

  • i got 8 months fixed rate + 2.65% (4.5% in total), i guess they want me to move my saving back to CBA as I move them all to other banks when they offer me a measly 3.2% when all others are 4.1% or above…

  • +2

    FYI Ing is offering 5%

  • How are some people getting more than 3 months? Kibd of lucky

  • Lol i got an extra 0.25%. Thanks cba ¬¬

  • Ubank saver is 4.6% (no 3mo cutoff afaik). Requires $200 deposit each month

  • +1

    No deal when compared to what other banks like ubank is offering.

  • I only got +2.15% extra, not 2.4%

  • Thanks op. Got 2.15% but something is better than nothing.

  • I got 8 months for +2.65% = 4.5%

    edit: logged into my partner's account and she's only offered 3 months with +0.35%.
    This would be because we keep our emergency fund in her saver account. So I'll be moving all our cash over now obviously

  • The big banks have so many customer, they don't have the incentive to offer higher saving account interest rate. They offer people 2% rate, and millions of people still keep their money in these big banks.

  • Ubank 4.6%

  • IGN 5% - some hoops
    Macquarie Bank 4.8% for 4 months - no hoops
    ubank 4.6% - one small hoop

    Top 3 options right not IMO.

    Banks that are not competitive shouldn't get your business.

  • +2

    The last CBA net bank saver deal was post on 08/03/2023. I suggested not to post this kind of deal regularly as it is not one competitive rate.

    ING 5.0%
    https://www.ozbargain.com.au/node/761673

    AMP 4.8%
    https://www.ozbargain.com.au/node/766703

    Greater Southern 4.75%
    https://www.ozbargain.com.au/node/765737

    UBANK
    https://www.ozbargain.com.au/node/761037

    ST GEORGE
    https://www.ozbargain.com.au/node/761685

    Virgin money
    https://www.ozbargain.com.au/node/761197

  • Waste of time lmao

  • Interest is still bad compared to other banks…

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