Features

Save on fees

We've waived the monthly account fee so you'll start saving right away.

Earn competitive daily interest

Just because you've stopped working, it doesn't mean your money should. With a Pensioner Security account, you can earn up to 6.00%¹ p.a. on the portion of the balance that is over $41,000.

Safe and sound

Enjoy peace of mind knowing your precious retirement savings are secure with the Commonwealth Bank.

Flexible ways to access your money

However you prefer to do your day-to-day banking, we can help. Choose a passbook² if you wish to do your banking in branch or choose the Keycard option to make withdrawals and deposits through our ATMs (not all ATMs accept deposits).

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.

Direct deposit your funds

For convenient banking, have any income and other direct deposits paid straight into your account so they are there when you need them

To access our free online switching tool, click here.

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. Interest rates current as at 14 July 2008 but subject to change.
• 2. Passbook transactions are not available at some branches opened after 1 August 2008. Please call 13 2221 to check availability.