Rates & fees

Interest rates

All rates displayed in the table below are per annum.

Balance	Interest rate
Balances less than $2,000	0.10 % p.a.#
Balances between $2,000 and $41,000	2.00 % p.a.#
Balances over $41,000	3.00 % p.a.*
# Paid on every dollar * Paid on the portion of the balance over $41,000

Fees & charges

Monthly account fee

$0

Withdrawal fees

If you are on the electronic option (automatic unless you choose the assisted / electronic option when you open the account) you are entitled to make 15 electronic withdrawals per month. If you choose the assisted/electronic option, you may make two assisted and five electronic withdrawals each month.

Fees apply for excess Commonwealth Bank withdrawals as follows:

Excess withdrawal	Fee
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 your account and cashed over-the-counter at a Commonwealth Bank branch)	$2.00

 

Non-Commonwealth Bank ATM fees

An Access Fee will be charged on withdrawals and account balance enquiries you make through an ATM of ASB Bank in New Zealand, Commonwealth Bank in Indonesia and Commonwealth Bank in Vietnam.

AUD $2.00 each

• Note: The Bank will not charge Access Fees on withdrawals or account balance enquiries on deposit and transaction accounts (including MISA), home loans, investment home loans, lines of credit and personal loans through non-Commonwealth Bank ATMs in Australia.  However, ATM owners may charge a fee, which will be disclosed at the time of the transaction. If you proceed with the transaction, the ATM owner’s fee will be debited to your account (in addition to the withdrawal amount, if applicable). You should check the ATM owner’s fees that apply carefully before completing transactions at non-Commonwealth Bank ATMs in Australia. 

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 EFTOPOS purchases. The following fees apply:

Transaction	Fee
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.
• Rates are calculated daily and credited to your account quarterly on the first business day in March, June, September and December. Rate effective date:17 April 2009 but are subject to change
• All quoted fees are subject to change