CommBank GoalSaver Review (2026)
Rates and conditions verified 3 October 2026
Rates can change without notice. Last verified: 3 October 2026 (AEST). Please confirm details on the bank’s official page.
Bonus rate
5.00%
p.a. when conditions met
Base rate
0.25%
p.a. if conditions missed
Minimum deposit
$0
any amount to open
About the CommBank GoalSaver
The CommBank GoalSaver is Commonwealth Bank's main conditional bonus savings account. It pays 5.00% p.a. when you meet two simple conditions: make at least one deposit in the month, and end the month with a higher balance than you started with.
As Australia's largest bank, CommBank offers the GoalSaver through its NetBank and CommBank app platforms. It can be held alongside a CommBank transaction account or opened as a standalone savings account.
CommBank also offers the NetBank Saver, which has a higher introductory rate (5.20% p.a. for new customers) but reverts to a lower ongoing rate (2.10% p.a.) — making GoalSaver the better choice for ongoing savings.
Current Interest Rates
| Rate type | Rate | Condition |
|---|---|---|
| Bonus rate | 5.00% p.a. | 1 deposit + balance higher than month start |
| Base rate | 0.25% p.a. | Conditions not met |
Effective 15 May 2026. Variable — check CommBank's website for the latest rate.
The Monthly Conditions — Explained
Condition 1 — Make 1 deposit
Make at least one deposit of any amount into your GoalSaver during the calendar month. Even a $1 transfer counts. There's no minimum deposit amount required.
Condition 2 — End with higher balance
Your GoalSaver balance at month end must be higher than at month start. Interest credited by CommBank does not count — it must be net deposits above withdrawals that grow the balance.
These are among the most flexible conditions of any bonus savings account in Australia — one small deposit and no net withdrawals is all that's needed.
Pros and Cons
Pros
- ✓ Very simple conditions — just deposit once and don't withdraw net
- ✓ Australia's largest and most recognised bank
- ✓ No minimum opening deposit
- ✓ No account keeping fees
- ✓ Government deposit guarantee up to $250,000
- ✓ Accessible in NetBank and CommBank app
Cons
- ✗ 5.00% is lower than challenger banks (ING at 5.50%, Suncorp at 5.10%)
- ✗ Base rate (0.25%) is low if you need to withdraw
- ✗ No balance cap benefit — rate applies to any balance
CommBank GoalSaver vs NetBank Saver
CommBank offers two savings products. The NetBank Saver has a higher introductory rate (5.20% p.a. for new customers) but drops to 2.10% p.a. ongoing. For ongoing savers, the GoalSaver at 5.00% p.a. is significantly better after the intro period.
How It Compares
- Rabobank High Interest Savings Account5.90% — intro (4m), then 4.00% ongoing — no monthly conditions
- ubank Save Account5.85% — intro, then 5.10% ongoing — grow balance each month
- ING Savings Maximiser5.50% — $1,000 deposit + 5 card purchases
- Suncorp Bank Growth Saver5.10% — $200 net growth + max 1 withdrawal
- CommBank GoalSaverReviewed here5.00% — 1 deposit + higher balance at month end
- Macquarie Savings Account5.00% — 5.00% ongoing — no conditions, no intro period
Compare head-to-head
Related guides
FAQs
What is the CommBank GoalSaver rate in 2026?
5.00% p.a. when conditions are met (effective 15 May 2026). The base rate if conditions are missed is 0.25% p.a.
Do I need a CommBank transaction account?
No — a CommBank transaction account isn't required to open a GoalSaver. However, many customers hold both to keep their banking together.
Can I have multiple GoalSaver accounts?
Yes — CommBank allows multiple GoalSaver accounts, which can be useful for saving towards different goals simultaneously.
Information verified 3 October 2026. Rates variable and subject to change. Confirm current rates and conditions on CommBank's website before applying. This is not financial advice.