CommBank Youthsaver Account

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Youthsaver Account is a savings account from CommBank. At $50,000 it pays 5.55% p.a. in a month in which the conditions below are met and 2.55% when they are not.

Rate tiers

Every balance band in the bank's feed: base is the rate when the bonus conditions are not all met, bonus the add-on for meeting them, conditional the two together.

Some rows are paid on the whole balance and some, marked stepped, on the part of the balance in the band, as the feed states them.

The bonus is paid on top of the base rate in a month in which the conditions are met; conditional is the two together, and the base rate is what is paid otherwise.

The bonus is paid on balances up to $50,000; the band above it shows what the feed states there.

Conditions

For the bonus rate

• grow the balance each month
• at least one deposit each month

In the bank's own words, as its feed states each condition on the bonus rate:

• balance growthWith 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).
• deposits each monthWe 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.
• balance growthWe 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 of the month (excluding interest and bank-initiated transactions).

Other conditions

• for children under 18; children under 14 need a parent or guardian to open it (per the bank's terms on 2026-11-01; that sentence could not be found in them today, so check the bank's page)
• 14 to 17 year olds can only open it in a branch (per the bank's terms on 2026-11-01; that sentence could not be found in them today, so check the bank's page)

Features

app

yes

Osko

yes

BPAY

yes

transactions

unlimited

Other features, in the bank's words:

• 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.

Fees, limits and who can open it

monthly fee

$0

bonus paid up to

$50,000

interest paid

monthly

interest calculated

daily

age

up to age 17

open to

personal customers

age limited

open only to people of certain ages (kids, youth or seniors accounts)

Who can open it, in the bank's own words:

• age 17 and under: This account is for anyone under the age of 18 years of age. For children 13 years or under, a parent or legal guardian will need to open the account.

About this account

Designed to help teach saving skills to under 18s, our Youthsaver account offers bonus interest for reaching saving goals.

Data

• CommBank's own page for this account.
• The bank's documents its product record links to: terms and conditions, fees, eligibility.
• Our verbatim snapshot of the bank's product record (source), as fetched on 13 November 2026.
• We read the bank's own page and terms against this page on 1 November 2026: youthsaver.html, TSI_interest_rates.pdf, SavingsInvestment_ADB2852.pdf; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/commbank.json: this bank's accounts and every balance band as JSON; CommBank's page lists them.
• The bank last updated this record on 13 November 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.

Other accounts at CommBank

• Business Online Saver savings account, 1.15% base at $50,000
• GoalSaver savings account, 5.50% conditional at $50,000
• NetBank Saver savings account, 2.50% base at $50,000
• Pensioner Security Account savings account, 1.49% base at $50,000
• SMSF Saver savings account, 5.15% base at $50,000
• Cash Deposit Account (At Call) cash management account, 0.25% base at $50,000
• Direct Investment Account cash management account, 1.60% base at $50,000
• Private Bank Account cash management account, 0.95% base at $50,000
• Capital Growth Account savings account
• CommSec Notice Investor notice account, 0.00% base at $50,000
• Business Transaction Account transaction account
• Smart Access transaction account
• Society Cheque Account transaction account
• Standard Business Cheque Account - Interest Bearing Option transaction account, 0.01% base at $50,000
• Streamline Basic transaction account

All of CommBank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.