BankMate

Savings account · Up to 17 years

CommBank Youthsaver Account

5.30%p.a. total

2.35% base + 2.95% bonus when the conditions are met

41st of 151 savings accounts · market average 4.37%

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The RBA raised the cash rate to 4.60% on 30 September. Youthsaver Account moved on 9 October, 9 days later.

What the bonus asks

2 things each month
Each month
  1. A deposit
  2. A balance that ends the month higher than it started
A month without them

Pays the 2.35% base rate on the whole balance.

Who can open it

Anyone under 18

Balance

The bonus is paid on balances up to $50,000.

Compare all 151 accounts

Rate history

Last change 9 Oct
  • Youthsaver Account
  • RBA cash rate
  • Market average
4.004.505.005.50MarMayJulSepToday5.30% p.a. today

October 20261 change

  1. 9Fri
    • 5.05 → 5.30Base 2.15% → 2.35%, bonus 2.90% → 2.95% · 9 days after the RBA rise to 4.60%
      +0.25

May 20261 change

  1. 15Fri
    • 4.80 → 5.05Base 2.00% → 2.15%, bonus 2.80% → 2.90% · 9 days after the RBA rise to 4.35%
      +0.25

March 20261 change

  1. 27Fri
    • 4.55 → 4.80Base 1.90% → 2.00%, bonus 2.65% → 2.80% · 9 days after the RBA rise to 4.10%
      +0.25

  1. #17FebFeb 2026: ranked 17 of 42
  2. #21MarMar 2026: ranked 21 of 64
  3. #31AprApr 2026: ranked 31 of 76
  4. #30MayMay 2026: ranked 30 of 79
  5. #36JunJune 2026: ranked 36 of 79
  6. #37JulJuly 2026: ranked 37 of 80
  7. #37AugAug 2026: ranked 37 of 80
  8. #46SepSep 2026: ranked 46 of 120
  9. #40OctOct 2026: ranked 40 of 150
  10. #41NowNov 2026: ranked 41 of 151
  • Top 5%
  • Top 10%
  • Top 25%
  • Top half
  • Lower half

In the top 50% for every one of the last 10 months.

A year meeting the conditions
$2,650
A year without meeting the conditions
$1,175
Against the average (4.37%)
+$466

On a $50,000 balance. Type yours above; it's kept with your savings preferences.

Up to $50k5.30%
$50k+2.35%

Have a higher balance at the end of the month compared to the start of the month. Bonus paid up to $50k.

Notes from savers

to leave a note.

Other Commonwealth Bank accounts: GoalSaver 5.25% · NetBank Saver 2.30%

Pays 5.30% p.a. total (2.35% base plus 2.95% bonus) as of 1 November 2026. Ranks 41st of 151 savings accounts tracked by BankMate, 0.93 points above the average of 4.37%. The rate last rose on 9 October 2026, 9 days after the RBA raised the cash rate to 4.60%. From Commonwealth Bank's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·