Rates & fees

Interest rates¹

All rates displayed in the table below are per annum.

Balances less than $2,000	0.10%#
Balances between $2,000 and $41,000	4.00%#
Balances over $41,000	6.00%*

 

• # 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 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 your account and cashed 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 EFTOPOS 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. Rates are calculated daily and credited to your account quarterly on the first business day in March, June, September and December. Rate effective date:8 September 2008 but are subject to change
• 2. All quoted fees are subject to change