CommBank GoalSaver Review (2026)
Rates and conditions verified 18 May 2026
Rates can change without notice. Last verified: 18 May 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, Suncorp at 5.50%)
- ✗ 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 HISA: 5.90% intro (4m), 4.00% ongoing — no monthly conditions
- ubank Save: 5.85% intro, 5.10% ongoing — grow balance each month
- ING Savings Maximiser: 5.50% — $1,000 deposit + 5 card purchases
- Suncorp Growth Saver: 5.50% — $200 net growth + max 1 withdrawal
- CommBank GoalSaver: 5.00% — 1 deposit + higher balance at month end
- Macquarie: 5.10% intro, 4.75% ongoing — no monthly conditions
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 18 May 2026. Rates variable and subject to change. Confirm current rates and conditions on CommBank's website before applying. This is not financial advice.