Looking to open a bank account? We have a complete range of savings accounts and transaction accounts for you to choose from, depending on your goals and needs. Commonwealth Bank accounts offer convenient access to your cash and our services through over 1,000 branches, almost 3,800 Australia Post agencies and over 4,000 ATMs nationally.

Transaction accounts

These bank accounts are designed for easy deposits and withdrawals. You can use them to receive regular salary or pension payments, and to shop, pay bills and take out cash. To help you manage life’s little emergencies, personal overdrafts also are available.

• Debit MasterCard® lets you access your money anywhere MasterCard is accepted, including online shopping and overseas.
• Streamline gives you access to your cash when and where you want it.
• Pensioner Security puts your retirement savings or pension income to work and gives you the peace of mind that your funds are secure.

Savings accounts

Our savings accounts offer high interest and low fees, with interest calculated daily. To help achieve your savings goals faster, there’s a Savings Specialist at your local branch who can help create a customised savings accounts to meet your needs.

• NetBank Saver is a high-interest online savings account.
• AwardSaver offers bonus interest if you make one deposit and no withdrawals each calendar month.
• Youthsaver bonus interest if you make one deposit and no withdrawals each calendar month for customers under 18.
• A Term deposit offers a fixed term and a fixed interest rate.

Reaching your goals

We provide a range of tips and tools to help you control your spending and create a realistic budget, so you can stay in control of your finances, achieve your savings goals and be prepared for life's little emergencies.

If you’re looking to buy your first property or add an investment to your portfolio, we have handy tools and the best bank accounts to help you get there. We can also help you establish long-term savings for your family’s future.

• Learn more about budgeting & planning
• Get useful tips on how to manage your money
• Find out how we can help with your long-term goals

Find the right bank account

When choosing between bank accounts, first consider what you need one for. A transaction account gives you convenient, everyday access to your cash while savings accounts can help you achieve short-term goals, such as buying a car or planning a holiday. We also provide term deposits and dedicated solutions for longer term goals, such as buying a house or providing for your family’s future.

With this in mind, you can use our bank accounts comparison table to choose the best solution to meet your needs.

• Compare accounts to find out which one is right for you

Manage all of your finances in one place

Opening a new bank account is fast and simple – you can apply online or drop in to any branch. We even provide an online switching service to help you transfer your existing automated direct debit and credit card payments.

If you’re an existing customer but have bank accounts with other financial institutions, it makes sense to bring them over to us so you can manage all your finances in one place.

• Switch to us

Convenient access

We have one of the largest ATM networks of any bank in Australia, so no matter where you are, there's a good chance you'll find one of our conveniently located ATMs.

With NetBank, you can also manage your accounts 24 hours a day, 7 days a week. Schedule payments and transfers to ensure your bills are paid on time and have your salary paid straight into your bank account for instant access to your money.

• Learn more about managing your accounts

• Important information:
  The advice on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the advice, consider its appropriateness to your circumstances. Please view our Financial Services Guide. Full Terms and conditions of accounts mentioned or electronic banking are available here or from any branch of the Commonwealth Bank.