Rates & Fees

Interest rates¹

All rates displayed in the table below are per annum.

Balance	Standard interest	With bonus interest
$0 to $1,999	0.01%	3.01%
$2,000 to $4,999	0.01%	3.01%
$5,000 to $9,999	0.01%	3.01%
$10,000 to $19,999	0.01%	3.36%
$20,000 to $49,999	0.01%	3.66%
$50,000 to $99,999	0.05%	4.30%
$100,000 and over	0.20%	4.60%

 

Fees & charges

Monthly account fee

$03

Withdrawal fees

You may make one electronic withdrawal each month. Fees apply for excess withdrawals as follows:

Transfers made at a Commonwealth Bank ATM	$0.30
Direct entry debit or periodical payment	$0.30
All transfers or payments made through NetBank or telephone banking	$0.30
EFTPOS cash withdrawal or purchase	$0.50
ATM cash withdrawal	$0.50
All cheques written by you and negotiated through the clearing system (excluding those cashed over-the-counter at a Commonwealth Bank branch)	$1.00
All assisted withdrawals in a branch or via telephone banking (including cheques issued on our account and chased over-the-counter at a Commonwealth Bank branch).	$2.00

 

Non-Commonwealth Bank ATM fees

The Commonwealth Bank has the largest ATM network of any bank in Australia, but for those times when you need to use a non-Commonwealth Bank ATM, a flat fee of $2.00 applies to all enquiries or withdrawals.

This also applies to withdrawals and inquiries made at any ASB Bank ATM in New Zealand, and Commonwealth Bank in Indonesia or Vietnam.

International ATMs and EFTPOS

To make travelling easier, you can use your Commonwealth Bank Keycard in any international ATM carrying the Cirrus or Visa Plus signs and also for Maestro EFTPOS purchases. The following fees apply:

Maestro EFTPOS purchase	AUD$1.00 + 2.00% of transaction value
Cirrus or Visa Plus ATM balance enquiry	AUD$2.00
Cirrus ATM cash withdrawal	AUD$5.00 + 2.00% of transaction value
Visa Plus ATM cash withdrawal	AUD$5.00 + 2.00% of transaction value

 

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.
• 1. Rate applies to the whole balance of the account, and is calculated daily and paid quarterly. Rates are effective as at: 8 August 2006 but are subject to change.
• 2. Annual Effective Interest Rates apply when interest is added to principal and not withdrawn. The calculation assumes that the rates quoted remain constant for 12 months.
• 3. There is no monthly fee on active accounts.  A monthly fee may be charged on inactive accounts where the balance is less than $500.  An account becomes an inactive account when no customer-initiated transactions are made on the account for six complete consecutive months.