Saving for a special occasion

If you’re looking to celebrate a special occasion but don’t have the funds to match your plans, we can help you set up a savings goal and show you how to reach it faster.

Start with a budget

Our comprehensive budget planner calculator is easy to use and will help you work out how much you’re spending each month and where you might be able to make extra savings. 

Set a savings goal

The savings term calculator will help you work out how long it will take to reach your savings goal if you make regular monthly savings. Use it in conjunction with the budget planner calculator to see how you could reach your goal sooner by adjusting your spending.

Choosing the right savings account

Once you’ve worked out your savings goal, you should choose a savings account that will work hard for you. For short-term savings, the NetBank Saver online savings account offers high interest with no bank fees* and you have instant access to your money, 24 hours a day, 7 days a week. The GoalSaver savings account offers a great variable bonus interest  rate, as long as you increase your balance by at least $200 a month (excluding interest) and make no more than one withdrawal. You should also consider a Term Deposit which is an investment that provides a guaranteed return for the term you select. Compare the rates, features and fees of these 3 accounts with our comparison table.

Consider a joint account

If you’re saving for a special event, like your wedding, then you may want to consider a joint account. With two or more people adding funds to the one account, you can achieve your savings goal faster.

• Important information
  *Fees may apply to your linked transaction account.
  
  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 (PDF 68KB).
  
  Terms and conditions for the transaction and savings accounts mentioned and Term Deposits are available online Important Information or from any branch of the Commonwealth Bank.