'We’re now making it easier': How this new program could help seniors save on essentials every month
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Saving money on everyday essentials has never been more important—especially as the cost of living continues to bite.
Now, a major move by one of the country’s biggest banks has put extra value back on the table for millions of Australians.
Here’s what’s changing—and how some could benefit more than ever before.
Millions of Australians banking with Commonwealth Bank were told they could unlock fresh rewards across daily spending, just in time for tightening household budgets.
The country’s largest bank confirmed it had revamped its CommBank Yello recognition program—offering greater savings potential to both everyday users and deposit holders.
But this update wasn’t just about cashbacks and discounts. It marked a shift in how the bank approached customer engagement altogether.
According to CBA executive general manager of customer engagement and digital, Meg Bonighton, eligible customers had already reaped ‘more than $116 million worth of value’. She added: ‘We’re now making it easier for eligible customers to see their benefits and track their progress. Importantly, we’re also providing them with the opportunity to unlock even more value.’
Part of this expansion included a broader range of benefits, many of which focused on essential costs. From 4 June, CommBank Yello, offered recurring cashback of up to $10 per month on eligible home insurance and home loan service fees for qualifying homeowners. The bank also eased access to its higher-tier rewards—dropping the required number of monthly transactions from 30 to 15.
Those in the program’s top tiers could now expect not just one-off offers, but consistent opportunities to save on groceries, utilities and more. Through the CBA app, customers were able to access a personalised benefits hub that linked offers directly to their transaction history.
More notably, the bank claimed eligible users could get up to $460 in cashback per year across its own products, and up to $680 in annual savings on mobile, NBN and electricity costs. Additional deals stretched to discretionary spending too—covering major retailers such as JB Hi-Fi, Chemist Warehouse, and even supermarket staples from Coles.
Bonighton said: ‘We’re also providing easier access to our most exclusive benefits by reducing the number of required transactions and expanding eligibility to our top tiers for deposit holders. And we’re offering more discounts on essential spending.’
The update introduced new program tiers and improved transparency around progress tracking via the app. Customers could monitor their eligibility and spot opportunities to reach the next tier—without guesswork.
Bonighton noted that the program would continue to evolve, saying: ‘Customers have access to as many as 175 different offers each month with a focus on categories they value. The more people bank with us, the more benefits they can access.’
She added: ‘CommBank Yello is one way for us to say “thank you” by providing access to savings on everyday spend, as well as unique benefits you can’t get anywhere else.’
Originally launched in 2023, CommBank Yello expanded to small and medium businesses last year. Its latest revamp promised to bring even more customers into the fold—especially those watching their everyday costs closely.
To see how one of Australia’s biggest banks is navigating the current economy and what it means for everyday customers, check out this insightful video.
Watch now to understand how these changes could impact your savings and daily spending.
Source: Youtube/7NEWS Australia
With these new benefits from Commonwealth Bank, which savings would make the biggest difference to your budget? Let us know your thoughts in the comments.
Now, a major move by one of the country’s biggest banks has put extra value back on the table for millions of Australians.
Here’s what’s changing—and how some could benefit more than ever before.
Millions of Australians banking with Commonwealth Bank were told they could unlock fresh rewards across daily spending, just in time for tightening household budgets.
The country’s largest bank confirmed it had revamped its CommBank Yello recognition program—offering greater savings potential to both everyday users and deposit holders.
But this update wasn’t just about cashbacks and discounts. It marked a shift in how the bank approached customer engagement altogether.
Commonwealth Bank expands rewards for everyday spending. Image source: Commonwealth Bank
According to CBA executive general manager of customer engagement and digital, Meg Bonighton, eligible customers had already reaped ‘more than $116 million worth of value’. She added: ‘We’re now making it easier for eligible customers to see their benefits and track their progress. Importantly, we’re also providing them with the opportunity to unlock even more value.’
Part of this expansion included a broader range of benefits, many of which focused on essential costs. From 4 June, CommBank Yello, offered recurring cashback of up to $10 per month on eligible home insurance and home loan service fees for qualifying homeowners. The bank also eased access to its higher-tier rewards—dropping the required number of monthly transactions from 30 to 15.
Those in the program’s top tiers could now expect not just one-off offers, but consistent opportunities to save on groceries, utilities and more. Through the CBA app, customers were able to access a personalised benefits hub that linked offers directly to their transaction history.
More notably, the bank claimed eligible users could get up to $460 in cashback per year across its own products, and up to $680 in annual savings on mobile, NBN and electricity costs. Additional deals stretched to discretionary spending too—covering major retailers such as JB Hi-Fi, Chemist Warehouse, and even supermarket staples from Coles.
Bonighton said: ‘We’re also providing easier access to our most exclusive benefits by reducing the number of required transactions and expanding eligibility to our top tiers for deposit holders. And we’re offering more discounts on essential spending.’
The update introduced new program tiers and improved transparency around progress tracking via the app. Customers could monitor their eligibility and spot opportunities to reach the next tier—without guesswork.
Bonighton noted that the program would continue to evolve, saying: ‘Customers have access to as many as 175 different offers each month with a focus on categories they value. The more people bank with us, the more benefits they can access.’
She added: ‘CommBank Yello is one way for us to say “thank you” by providing access to savings on everyday spend, as well as unique benefits you can’t get anywhere else.’
Originally launched in 2023, CommBank Yello expanded to small and medium businesses last year. Its latest revamp promised to bring even more customers into the fold—especially those watching their everyday costs closely.
To see how one of Australia’s biggest banks is navigating the current economy and what it means for everyday customers, check out this insightful video.
Watch now to understand how these changes could impact your savings and daily spending.
Source: Youtube/7NEWS Australia
With these new benefits from Commonwealth Bank, which savings would make the biggest difference to your budget? Let us know your thoughts in the comments.
