This was posted 2 years 1 month 20 days ago, and might be an out-dated deal.

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Bonus 2.40% p.a. Interest (Total 3.75% p.a.) for 8 Months on Netbank Saver Accounts (Activation Required) @ Commbank

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Bonus 2.40% p.a. Interest (Total 3.75% p.a.) for 8 Months on Netbank Saver Accounts (Activation Required) @ Commbank
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basketcase86 on 11/11/2022 - 15:54 commbank.com.au (1348 clicks)
Last edited 11/11/2022 - 22:49 by 2 other users

Hey all,

When looking at my CBA NetBank Saver account today I noticed they have another option available in the Settings > Change Account Options page. This:

"This is a campaign offer which entitles you to a fixed bonus margin of +2.40% p.a. above the standard variable interest rate for 8 months. After 8 months, the standard variable interest rate will apply. The standard variable interest rate may change at any time. This offer is available for a limited time."

Assuming this will be applicable to all customers (not sure). This option will bring the full rate to 3.75%. Not the best savings rate but good for CBA and maybe less hassle for some?

Unsure how long it will last… potentially changing per month after RBA decisions.

Cheers.

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closed Comments

  • NothingButPoor on 11/11/2022 - 15:58
    +11

    I'm only getting 3.2% for 3 month lol
    But thanks good find, never knew we could do that!

    • EuphratesFate on 11/11/2022 - 16:01

      Same!

      • dogzilla on 11/11/2022 - 21:02

        Same +1

        • turnip on 12/11/2022 - 08:25

          3.2% also

    • basketcase86 on 11/11/2022 - 16:03

      Mine previously was that. Maybe check back in a day or so?

      No worries, every little bit counts.

    • kaal on 11/11/2022 - 16:15

      I’ve got 2.8% for 3 months. Nice try but maybe be better next time. I’ve moved all my money out of there a couple of months ago.

  • Mortgagetightass on 11/11/2022 - 16:00
    +1

    where can I find this in the app?

    • Scrooge McDeal on 11/11/2022 - 16:02
      +3

      Type Compare and switch on the app.

    • basketcase86 on 11/11/2022 - 16:02

      You need to access it in the browser version. Not in app I dont think.

      • Scrooge McDeal on 11/11/2022 - 16:12
        +2

        You can still access in app. By typing on the search " Compare and switch" . Then click on compare and switch account. It will redirect you to the netbank site , after you enter your pin.

        • aerobot on 11/11/2022 - 16:17

          Tried that and all I get is
          "There are no alternative options currently available for the selected account"

          Tried my various accounts and get that same message

          • basketcase86 on 11/11/2022 - 16:20
            +1

            @aerobot: I guess maybe targeting them or reliant on how much is in there. I have confirmed with someone else that this option does exist (not just my account).

          • OzzyOzbourne on 11/11/2022 - 23:52
            +2

            @aerobot: Me too, been with commbank for 12 years. All my savings are with ubank now

            • aerobot on 14/11/2022 - 16:13

              @OzzyOzbourne: Yeah, we moved all ours to Ubank a couple of years ago too. Though noticed the other day that St George increased one of their saver accounts to 4.00%, which would be 0.15% more than what Ubank will be increasing theirs to in December. Might shift some funds back to St George…

  • Scrooge McDeal on 11/11/2022 - 16:03
    +5

    Mine still shows only the 3.2% in total . Which it's for 3 months.

  • senorclean on 11/11/2022 - 16:11

    Just to shake things up, I see:

    "Variable introductory rate, currently 3.50% p.a. for the first 5 months on your first NetBank Saver account (includes 2.15% p.a. fixed bonus margin above the current standard variable rate)"

    lol (this is under "Apply for a new product" -> Compare Accounts)

    • RTY on 11/11/2022 - 16:20

      I see this too, but when I click open now, the next page shows 3.2% 3 months.
      Still better than current one which is 3% so I opened it.

  • wrjcu on 11/11/2022 - 16:12

    mine shows .55%

    • countmein on 11/11/2022 - 16:29

      Lol i thought im worse at 1.5%

      • wrjcu on 11/11/2022 - 16:45
        +2

        why do some people have bonus interest and some don't its bs

  • ob1wan on 11/11/2022 - 16:20
    +2

    Email received:

    You have switched account ******** to a NetBank Saver - 3 month Special Offer + 1.85%.

    When checking the account settings:

    Total interest rate 3.20% p.a.
    Standard variable rate 1.35% p.a.
    3 months fixed special rate 1.85% p.a. ending on 11/02/2023
    Interest payment frequency: Monthly
    Next interest payment: 01/12/22

  • Weshouldgetsushi on 11/11/2022 - 16:24
    +1

    Come on CBA. Try harder next time.
    This is behind the current market.
    Only bank worse than this is NAB. Oh and of course ANZ with their hard cutoff on $250k.

    • whey4000 on 11/11/2022 - 16:36
      +1

      At least Nab's subsidiary ubank is 3.85%

  • Benno123 on 11/11/2022 - 16:31

    Guess I got lucky (not that the rate is particularly amazing…) and got this offer. Confirmed via email
    "You have switched account ******** to a NetBank Saver - 8 month Campaign Offer +2.40%."

  • vickiolesen on 11/11/2022 - 16:36

    Not targeted.. lol!

  • AuQld on 11/11/2022 - 16:36
    +1

    Bit late, only stupid customers left, anyone with money isn't stupid and left months ago..

    • ribbonsofnight on 12/11/2022 - 08:19

      Yeah, I must have had a significant amount with commbank for a year or two before I put my money elsewhere. Their rates have always been uncompetitive. I guess when rates were approaching 0 no other bank was offering a lot more.

    • bbinc on 12/11/2022 - 18:35

      Dumbo me. Needed to have a Commbank acct for a possible finance bridge. Getting 2.3% only. At least I have the minimum with them.

  • r0xz on 11/11/2022 - 16:37
    +2

    O.15% for me. Fk this sheeet

    • laudalashun on 11/11/2022 - 16:41

      I got the same faaarking thing.

    • richmond12 on 11/11/2022 - 17:52

      Same. Wtf. Who gets targeted?

  • AvidDealHunter on 11/11/2022 - 16:39

    Showing 3.2% pa for me lol

  • ob1wan on 11/11/2022 - 16:39

    Term deposits
    https://www.commbank.com.au/banking/term-deposits/rates-and-…

    4.00% p.a. for 18 months
    Offer available from 7 November 2022 for a limited time only on Term Deposits opened or renewed by personal, SMSF and business customers.* Available on balances from $5,000 to $1,999,999 with interest paid annually.

    Personal, SMSF and renewing Business customers can access this special offer online via NetBank and the CommBank App, or visit their nearest branch. Business customers should contact their Relationship Manager or visit their nearest branch to open a new Term Deposit with the special offer.

  • recession1 on 11/11/2022 - 16:43

    3.2% for me

  • OZcheepsk8 on 11/11/2022 - 16:46
    +2

    Been a customer with CommBank for ages, their rates are a joke. Recently switched from CommBank and NAB to Macquarie in the ozbargain deal for 4.2%. Never looking back.

  • Duece1995 on 11/11/2022 - 17:06
    -1

    Just open a incentive saver account with Bank of Melbourne and get 4.15%

    • niniksa on 11/11/2022 - 17:29
      -1

      Not 4%?

  • Employeenaru6705 @ Commonwealth Bank on 11/11/2022 - 17:11
    +3

    Pathetic again CBA, keep up with the market

  • hayythere on 11/11/2022 - 17:21
    +1

    Mine is 3.75% for 5 months.

    Anyone think the deal will remain available until December? I can't move money in until December so I don't want to prematurely activate the deal as it will give me less term.

    • basketcase86 on 11/11/2022 - 17:29

      Unknown they state “limited time only”

    • Pufff on 11/11/2022 - 17:55

      Wouldn't be hard to find a higher rate in 5 months based on how rates are going.

  • clandestino on 11/11/2022 - 18:40

    I can't find "Settings > Change Account Options" anywhere via the browser. OP, did you type this correctly?

    I can find a similar offer via "compare accounts" however I need to open a new NBS account to access it. But as per earlier posts… it lures you in, then offers a lower rate?!

  • NuttyGoodness on 11/11/2022 - 18:51

    3 month +1.85% but thanks.

  • skegger on 11/11/2022 - 18:58
    +2

    3 month Special Offer + 0.15%. yeah cool. thanks cba

  • ob1wan on 11/11/2022 - 22:07
    +3

    One of the few Oz Bargain posts that makes you make money instead of spend it

  • loropy9 on 12/11/2022 - 00:17

    Mine said CBA CBF, take your cash to Macquarie bank.

  • p1723 on 12/11/2022 - 09:36
    +1

    I (profanity) CBA off after they deleted my student account without telling me because it had a 0 balance for 6 months

    Now if I sign up it's a $4/month account

    No point tbh, there are much better banks out there

    • haha45 on 13/11/2022 - 20:04
      +1

      I've had to chase up my student status with them twice now. They'll say they have everything on file, and then just randomly start charging me $4 per month again. Extremely frustrating but I'm keeping it for access to CommSec.

  • Belv on 12/11/2022 - 09:51

    got a bonus 2.15% so now 3.5%. better that last months offer. not bad

  • bbinc on 12/11/2022 - 18:43

    Found the offer, under my NB saver acct, footnote 1. Applies to. New accounts opened after 11/11/2022.
    Should shareholders be annoyed - 1. We get nothing, and the bank loses customers or 2. We make lots out of the dumbos?????
    Don’t think these sorts of restricted offers are good for long term business.
    C/f UBank - just usually pretty good long term offers and stay with them.

  • cloudzhou on 12/11/2022 - 18:48

    I got 3.5% for 5 months

  • payless69 on 13/11/2022 - 12:55
    -1

    The Harvey Norman take Corona Money bot it is ok is on and the truth is being blocked.
    Sorry all I have is a certain finger for this deal!

  • haha45 on 13/11/2022 - 20:02
    +2

    Thanks, just checked mine and bumped up to 3.75% p.a (+2.40% p.a bonus)

  • Nefe on 14/11/2022 - 19:07
    +2

    Still working, thanks! 3.20% is much better than the previous 1.55%.
    Just search for 'compare and switch' as they suggested above.

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