Features

Earn bonus interest

Reward yourself with bonus interest. Just make one deposit and no withdrawals each calendar month and you'll earn bonus interest on top of your standard interest. 

Save on fees

There’s no monthly account fee and no withdrawal fees when you use Commonwealth Bank ATMs and branches.

Regular savings plan

Set it up and forget about it. A regular savings plan takes care of your savings, so you don't have to worry. You set the amount, you set the date. Plus you can change your plan when you like, so you won't feel locked in.

Bank at school

It's never too early to start saving. Primary school students can bank at school if their school participates in our School Banking program. Get in touch with your principal for details.

Cash when you need it

The Commonwealth Bank has the largest ATM network of any bank in Australia, so no matter where you find yourself, there's a good chance you'll also find one of our conveniently located ATMs.

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 day a week.

Under 16s – ask your parents

If you're under 16, you'll need the permission of your parent or guardian to open an account and also to have a keycard for it. If Mum or Dad does your banking for you, they can link their Commonwealth Bank accounts to yours, making it easy to access. They can also provide you with enquiry-only NetBank access so you can check your savings online.

Keeping in touch

We'll send you a statement in the mail every six months so you can keep track of your savings’ progress. If you're a regular user, statements come with heaps of games and ideas on how you can get your savings flying. 

You can also check our Under 18s websites for more great tips:

• Dollarmites Club for under 10s
• The Hit List for 10 to 17s

 

• Important Information
  The advice on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before action on the advice, consider its appropriateness to your circumstances. Please view our Financial Services Guide (PDF 68KB). Full terms and conditions for the transaction and savings accounts mentioned and Electronic Banking  are available here (PDF 660KB) or from any branch of the Commonwealth Bank.