Features

Earn bonus interest

Reward yourself with bonus interest. Just make one deposit each calendar month, and no withdrawals, and you'll earn extra interest on top of your regular interest.  

Regular savings plan

Set it up and forget about it. A regular savings plan takes care of your savings, so you don't have to worry. You set the amount, you set the date. Plus you can change your plan when you like, so you won't feel locked in. 

Reduce your opening balance

If you set up a regular savings plan when you open your account, you can reduce the required opening balance from $100 to just $1. Of course, you're welcome to deposit as much as you like to kick off your savings plan.

Link your accounts

Take care of all your banking in the one place. By linking your AwardSaver account to your other Commonwealth Bank accounts, you can easily access and transfer funds using NetBank, telephone banking or an ATM. 

Cash when you need it

The Commonwealth Bank has the largest ATM network 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.

24-hour banking

For the added convenience of after-hours banking, you can also make use of NetBank and telephone banking 24 hours a day, 7 days a week.

Travel light

Hit the road without travellers cheques or the security worries of excess cash. Your AwardSaver account gives you global access to your money through the Maestro EFTPOS, and Cirrus or Visa Plus ATMs. Fees apply.  

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 for the transaction and savings accounts mentioned are available here or from any branch of the Commonwealth Bank. Bank fees and government charges apply.