CommBank
Youthsaver Account
Designed to help teach saving skills to under 18s, our Youthsaver account offers bonus interest for reaching saving goals.
Savings & transaction accountsBank updated 23 Sept 2026
At a glance
- Base rate
- 2.15%
- Bonus rate
- 2.90%
- Up to
- 5.05%
- Monthly fee
- $0
§ 01 — Rates · 3
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | — | — | up to $50,000 | 2.90% | — | paid every 1 mo; We pay bonus interest on top of the standard variable credit interest rate on credit balances if you make at least one deposit each calendar month into your account.; We pay bonus interest on top of the standard variable credit interest rate on credit balances if you have a higher account balance at the end of the month compared to the account balance at the start…; With a Youthsaver, you can earn bonus interest on balances up to $50,000 when you grow your savings balance each calendar month (this excludes interest and bank initiated transactions). |
| Bonus | — | — | $50,000+ | 0.00% | — | paid every 1 mo; With a Youthsaver, you can earn bonus interest on balances up to $50,000 when you grow your savings balance each calendar month (this excludes interest and bank initiated transactions). |
| VariableFor the portion of the balance over $50,000 and/or if the bonus criteria is not met the standard rate will apply. | — | — | — | 2.15% | — | paid every 1 mo |
§ 02 — Fees · 4
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Paper Statement Fee | Event | No fee | — | A fee charged when you ask us to give you a paper copy of past statements or ordered statements. |
| Paper Transaction Listing Fee | Event | $2.50 | — | A fee charged when you ask us to give you a paper copy of transaction listings. |
| Account Fee | Periodic | No fee | Every 1 mo | — |
| Assisted withdrawal fee | Withdrawal | No fee | — | — |
§ 03 — Features
Instant paymentsDigital bankingUnlimited transactions
- · Free assisted withdrawal is available for you to take money out at a Commonwealth Bank branch, or with telephone banking if using an operator.
- · Use QR Cardless to withdraw cash or deposit notes, coins and cheques (subject to product eligibility) by using the latest version of the CommBank app to scan a QR code at a compatible CommBank ATM.
§ 04 — Eligibility & limits
- · Maximum age 17
- · Available to individuals
§ 05 — Compare
§ 06 — Run the numbers
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Published by CommBank under the Consumer Data Right, last changed by them on 23 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.