Youthsaver Account
Designed to help teach saving skills to under 18s, our Youthsaver account offers bonus interest for reaching saving goals.
- Base rate
- 2.15%
- Bonus rate
- 2.9%
- conditions apply
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable For the portion of the balance over $50,000 and/or if the bonus criteria is not met the standard rate will apply. | 2.15% | — | monthly |
| Bonus | 0% | Amount | monthly |
| 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 of the month (excluding interest and bank-initiated transactions). | 2.9% | Amount | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Paper Transaction Listing Fee A fee charged when you ask us to give you a paper copy of transaction listings. | Event | $2.50 |
| Account Fee Charged monthly | Ongoing | $0.00 |
| Paper Statement Fee A fee charged when you ask us to give you a paper copy of past statements or ordered statements. | Event | $0.00 |
| Assisted withdrawal fee | Withdrawal | $0.00 |
Features
- Bill payment (BPAY) — BPAY View
- With BPAY View you can switch to online bills & ask billers to send them directly to the CommBank app or NetBank.
- Digital banking
- Wherever you are in the world, CommBank gives you the choice and control to securely manage all of your accounts on a range of devices, the way you want.
- Real-time payments (NPP)
- Enjoy fast, secure payments anytime with PayID.
- 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.
- Unlimited transactions
- Unlimited CommBank electronic transactions.
Eligibility
- Maximum age — 17 yearsThis 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.
- Individuals onlyAccounts must be in the child's name only and are unable to be opened as a trust.
More Information
Published by CommBank under the Consumer Data Right · Last updated 16 July 2026 · Product ID 7aff9e0e85e6450eb052d4ff2e953223 · View on CDR.gov.au