When you ask which bank pays more interest, it's easy to picture a simple comparison chart, right? Like comparing the speed of two different internet plans. But when it comes to banks and interest, especially in the context of the information I've been looking at, the conversation shifts quite a bit. We're not really talking about the interest you earn on your savings account here.
Instead, what's really being highlighted is a rather clever partnership between CommBank and a telco called More. It seems CommBank customers, depending on their Yello status (think of it as a loyalty program with different tiers), can snag some pretty sweet deals on More's internet and mobile plans. It’s less about earning interest and more about saving money through exclusive discounts.
Let's break down what these 'offers' actually mean. If you're a CommBank customer, you can log into the CommBank app, find the 'CBA Yello' section, and then tap on 'Offers'. From there, you can discover these exclusive deals. The process involves copying a code and then heading over to More's website to claim it, making sure to use a CommBank credit or debit card for payment.
Now, the discounts themselves are quite substantial, especially for the higher tiers of CommBank Yello. For instance, CommBank Yello Diamond customers could be looking at $40 off per month on nbn® plans for the first 36 months, followed by $20 off ongoing. They also get a hefty $40 off a Wi-Fi router pack. To qualify for these top-tier benefits, you'd need to have an eligible CommBank transaction account, make at least 15 eligible outbound transactions, and either maintain a significant balance (like $250K for 15 days) or have a substantial home loan with CommBank.
Even the basic CommBank Yello offer provides $15 off per month on nbn® plans for 36 months, plus $15 off a Wi-Fi router pack. The eligibility for this is simpler: an eligible CommBank transaction account and 5+ eligible outbound transactions. It’s a clear incentive to use your CommBank account more actively.
It's important to note that these specific More offers are changing. From April 1, 2026, the current CommBank Yello, Plus, Gold, and Diamond More Mobile and NBN offers will be removed. So, if you're an eligible customer and these deals sound appealing, you'll need to sign up before that date.
So, to circle back to the original question about which bank pays more interest – in this specific scenario, it's not about interest earned. It's about how being a customer of a particular bank can unlock significant savings on essential services like internet and mobile. It’s a different kind of financial benefit, one that directly impacts your monthly bills rather than your savings balance. It’s a smart way for CommBank to reward its customers and for More to gain new ones, all facilitated through a digital platform.
