What is the current NetBank Saver interest rate?
0.05% p.a.
0.05% p.a. standard variable rate.
Is a NetBank Saver good?
Good service The bank fees are low (compared to other) and the customer services at the branches are good and clerks are friendly. The netbank app is also easy to use. With the Netbank Saver account, you can get 0.5% interest when you have some excess money on your account.
How does interest work on NetBank Saver?
Earn a variable introductory rate, currently 0.33% p.a., for the first 5 months on your first NetBank Saver. This includes a 0.28% p.a. fixed bonus margin above the current standard variable rate of 0.05% p.a. One bonus interest rate applies to your entire balance. The interest rate depends on your account balance.
Do you pay for a NetBank Saver account?
Open up a NetBank Saver Account today and you could be rewarded with a bonus introductory interest rate for your balance. Linked to a Commonwealth Bank transaction account, the NetBank Saver provides you with a convenient way to manage your savings without having to pay any fees for your transactions.
What is the best savings interest rate in Australia?
Some of the best savings accounts in Australia
| Name | Maximum Variable Rate p.a. | Bonus Interest p.a. |
|---|---|---|
| Citibank Online Saver | 1.1% | 0.75% |
| Virgin Money Boost Saver (18-24 year olds) | 1.5% | 1.4% |
| Bank of Queensland Fast Track Saver Account | 1.05% | 1% |
| Virgin Money Grow Saver | 0.65% | 0.55% |
Can I direct debit from NetBank Saver?
Yes. You can direct debit from a Netbank Saver.
Can I withdraw money from my NetBank Saver account?
Scheduled withdrawals from your account using BPAY or NetBank are not allowed. 4. Withdrawals must be made by transferring funds to a linked Commonwealth Bank Smart Access, Complete Access, Streamline or Pensioner Security Account in your name using NetBank or Telephone Banking. ✔ Yes, you can use that option.
Which Australian Bank has the best savings account?
5 top high interest savings accounts in Australia*
| Savings account | Interest rate |
|---|---|
| ING Savings Maximiser | Up to 1.35% p.a. |
| 86 400 Save Account | Up to 1.20% p.a. |
| AMP Saver Account | Up to 1.16% p.a. |
| MyState Bonus Saver Account | Up to 1.10% p.a. |
Can a CommBank account be the same as a NetBank Saver?
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.
When to put money into NetBank Saver account?
Bonus interest rate for 3 months after account opening of 1.5%, after which will go to 0%, leaving you with just the base rate. Initially, for the 3 months after opening, all money should go into the NetBank Saver as you earn the same interest rate and have no deposit commitment or withdrawal impediment.
How to set a savings goal with CommBank?
See how much you can save with our savings calculator , set up regular automatic transfers to keep you on-track, and set a savings goal in the CommBank app with Goal Tracker. 1 Your hard-earned savings are backed by our 100% Security Guarantee and the Australian Government’s guarantee on combined balances of up to $250,000 per account holder.
Which is better NetBank saver or goal Saver?
I think the Netbank saver has a lower interest rate – it’s 4% for 3 months then dropping to 2.5%, but allows more flexibility in terms of withdrawals. The Goal saver pays 4% only up to 100k, and requires regular monthly deposits to earn the higher interest rates.
