CommBankYouthsaver Account
Designed to help teach saving skills to under 18s, our Youthsaver account offers bonus interest for reaching saving goals.
At a glance
- Up to
- 5.30%
- Base rate
- 2.35%
- Bonus rate
- 2.95%
- Monthly fee
- $0
Rates
Every rate CommBank publishes for this account, 3 in all.
How the rate is made up
5.30%in a month every condition is met
To earn the bonus
- 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…
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | - | - | up to $50,000 | 2.95% | - | 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. | - | - | - | 2.35% | - | paid every 1 mo |
Rate changes
2 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 9 Oct 2026 | Bonus, up to $50,000 | 2.90% | 2.95% | up 0.05 |
| 9 Oct 2026 | Variable | 2.15% | 2.35% | up 0.20 |
Each change is logged the night it appears in the rates CommBank publishes. See how every lender answered the RBA on the rate tracker.
Fees
4 fees published, grouped by when they're charged.
While you hold it1
- Account FeeNo fee
When you make a transaction1
- Assisted withdrawal feeNo fee
When particular things happen2
- Paper Statement Fee
A fee charged when you ask us to give you a paper copy of past statements or ordered statements.
No fee - Paper Transaction Listing Fee
A fee charged when you ask us to give you a paper copy of transaction listings.
$2.50
Features
- 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.
Eligibility and limits
- Maximum age 17
- Available to individuals
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Published by CommBank under the Consumer Data Right, last changed by them on 9 Oct 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.