Commonwealth Bank
Commonwealth Bank

Youthsaver Account

Base Variable Rate
0.05% p.a.
Max Variable Rate
0.60% p.a.
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Bonus interest is paid on balances up to and including $50,000 if you make at least one deposit each month into your account and having 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).

Key Features
No Account
Keeping Fee
Internet
Banking
Counter
Service
Phone
Banking
ATM
Required
Linked Account

Account Details

Account Type Youth
Min. Opening Amount $0.00
Min. Balance $0.00
Monthly Account Fee $0.00
Interest
Bonus interest is paid on balances up to and including $50,000 if you make at least one deposit each month into your account and having 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).
Interest Calculation Frequency Daily
Interest Payment Frequency Monthly
Interest Paid In Steps?

ATM & EFTPOS Fees

ATM Withdrawal Fee $0.00
ATM Balance Fee $0.00
ATM Balance Fee $0.00
Daily ATM Withdrawal Limit $2,000.00
EFTPOS Fee $0.00
Debit Card Replacement Fee $0.00

Fee Details

Service Fee Frequency
Fee Rebate Available
Balance Required for Fee-Free $0.00

T&Cs

Earn total of 0.65% p.a. variable rate on balances up to and including $50,000 when you make at least one deposit each month into your account and having 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). Standard interest applies on credit balances over $50,000 and/or when bonus criteria is not met.

Internet & Phone Fees

Phone Transaction Fee $0.00
Internet Transaction Fee $0.00
Free Electronic Trans. per Month unlimited

Counter & Cheque Fees

Counter Deposit Fee $0.00
Counter Withdrawal Fee $0.00
Free Counter Trans. Per Month unlimited
Cheque Fee $0.00
Cheque Dishonour Fee $0.00
Debit Item Dishonour Fee $0.00

Overseas Access

Overseas ATM Facilities Cirrus,Maestro
Overseas ATM Balance Fee $2.00
Overseas ATM Withdrawal Fee $5.00
Overseas EFTPOS Fee $0.00
OS Emergency Card Replacement $0.00
Foreign Transaction Fee 3.00%