Savings · vs term deposit
CommBank Youthsaver Account vs CommBank's term deposit
Commonwealth BankCommBank Youthsaver AccountSavings account · a bonus with monthly conditions
vs
Commonwealth BankCommBank Standard Term DepositTerm deposit · 1 month to 5 years
Compare on
Interest over 1 year on $50,000
$2,650
5.30% a year, conditions met
$2,650
5.30% a year · paid at maturity
Over 1 year on $50,000, CommBank Youthsaver Account pays $2,650 with its conditions met; CommBank's 12-month term deposit pays $2,650.
Worked out on $50,000 until you pick a balance
Commonwealth BankYouthsaver Account
Commonwealth BankTerm deposit
Figure by figure
Interest over 1 year
on $50,000
$2,650
with its conditions met
$2,650
paid at maturity
Interest over 1 year with the conditions missed
on $50,000
$1,175
at the base rate
$2,650
no monthly conditions
Rate over the term
a year, on $50,000
5.30%
with its conditions met
5.30%
fixed for the term
Asked of you each month
- 1A deposit
- 2A balance that ends the month higher than it started
Nothing
the money stays put
Getting the money out
Any time
no notice needed
Locked for 1 year
31 days’ notice to break it early, usually at a lower rate
Can the rate change?
Yes, at any time
the bank sets it
No
fixed for 1 year
Minimum to open
None
$5,000
Who can open it
Anyone under 18
Anyone
How they differ
- A savings rate can change at any time. CommBank Youthsaver Account's figure holds today's rate for 1 year.
- A term deposit's rate is fixed for the term, but the money is locked in: breaking it early needs 31 days' notice and usually costs some of the interest.
- Both are covered by the Financial Claims Scheme, up to $250,000 per person at each bank. Money in both at CommBank shares that one $250,000.
CommBank Standard Term Deposit at every term
The rate the balance above gets at each term, and the interest it pays over that term.
1 monthPaid at maturity1.50%$63
2 monthsPaid at maturity1.75%$146
4 monthsPaid at maturity3.40%$567
5 monthsPaid at maturity3.45%$719
7 monthsPaid at maturity3.65%$1,065
8 monthsPaid at maturity3.70%$1,233
9 monthsPaid at maturity3.75%$1,406
10 monthsPaid at maturity3.80%$1,583
11 monthsPaid at maturity3.85%$1,765
1 yearPaid at maturity5.30%$2,650
13 monthsPaid annually4.50%$2,438
18 monthsPaid annually4.55%$3,413
34 monthsPaid annually4.60%$6,517
3 yearsPaid annually4.60%$6,900
4 yearsPaid annually4.00%$8,000
5 yearsPaid annually4.00%$10,000
As of 26 October 2026, over 1 year on $50,000, CommBank Youthsaver Account pays $2,650 with its monthly conditions met; CommBank's 12-month term deposit pays $2,650 at 5.30%. Figures are the bank's published rates, worked out on the balance above as simple interest. Each row says which figure is higher; it doesn't say which one suits you.