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Youthsaver Account

*Make at least one deposit and no withdrawals each calendar month

Customise your savings account summary by entering your details:

Pros:
  • Has branch access
  • Has ATM access
  • Has EFTPOS facility
  • Has no ongoing fees
Cons:

    Details & Fees

    Maximum rate
    Maximum rate
    2.30%*
    Base rate
    Base rate
    0.01%
    Account keeping fees
    Account keeping fees$0
    Internet transaction fee
    Internet transaction fee$0
    Phone transaction fee
    Phone transaction fee$0
    Eftpos fee
    Eftpos fee$0
    Overseas eftpos fee
    Overseas eftpos fee$0
    Over the counter deposit fee
    Over the counter deposit fee$0
    Over the counter withdrawal fee
    Over the counter withdrawal fee$0
    Atm withdrawal fee
    Atm withdrawal fee$0
    Is online only
    Is online only
    Has atm access
    Has atm access
    Has eftpos facility
    Has eftpos facility
    Has phone facility
    Has phone facility
    Has branch access
    Has branch access
    Minimum age restrictions
    Minimum age restrictions
    Maximum age restrictions
    Maximum age restrictions
    Minimum opening deposit
    Minimum opening deposit$0
    Linked account required
    Linked account required
    Maximum rate
    Maximum rate
    2.30%*
    Base rate
    Base rate
    0.01%
    Account keeping fees
    Account keeping fees$0
    Internet transaction fee
    Internet transaction fee$0
    Phone transaction fee
    Phone transaction fee$0
    Eftpos fee
    Eftpos fee$0
    Overseas eftpos fee
    Overseas eftpos fee$0
    Over the counter deposit fee
    Over the counter deposit fee$0
    Over the counter withdrawal fee
    Over the counter withdrawal fee$0
    Atm withdrawal fee
    Atm withdrawal fee$0
    Is online only
    Is online only
    Has atm access
    Has atm access
    Has eftpos facility
    Has eftpos facility
    Has phone facility
    Has phone facility
    Has branch access
    Has branch access
    Minimum age restrictions
    Minimum age restrictions
    Maximum age restrictions
    Maximum age restrictions
    Minimum opening deposit
    Minimum opening deposit$0
    Linked account required
    Linked account required
    Other Benefits
    Other Restrictions

    Commonwealth Bank offers a GoalSaver savings account for adults and a Youthsaver savings account for minors. The standard interest rate for both accounts is only 0.01 per cent. However, GoalSaver pays bonus interest when customers deposit at least $200 during a calendar month and make no withdrawals during that period. Youthsaver pays bonus interest for one deposit and no withdrawals per month. Commonwealth Bank also offers term deposits, credit cards, personal loans, home loans, insurance, superannuation and financial planning. Commonwealth Bank has operations in Australia, New Zealand, Asia, Europe and North America.

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