Rates & Fees

Interest rates¹

All rates displayed in the table below are per annum.

Balance	Interest Rate
Balances from $0 to less than $10,000	0.01%
Balances between $10,000 and $19,999	0.01%
Balances between $20,000 and $49,999	0.01%
Balances between $50,000 and $99,999	0.05%
Balances over $100,000	0.20%

 

Fees & charges

Smart Access monthly account fee

$4

 

Forget your monthly fee

We'll waive the monthly fee if you are:

• A full time tertiary student
• A war veteran whose Australian War Veteran pension is paid into your Smart Access account
• An aged pensioner with your pension paid into your Smart Access account
• A customer with a relationship balance of $50,000 or more in eligible contributing accounts (For more details on how the "Relationship Balance" exemption works, please see our Transaction, Savings and Investment Accounts General Information and Terms and Conditions, available from any branch of the Bank.) 
• Reliant on over-the-counter services because of a disability preventing you using electronic banking facilities. The exemption will apply to a nominated account.

 

Withdrawal fees

For Smart Access customers, each assisted withdrawal in a branch or agency or via telephone banking incurs a fee of $2. Also for Smart Access customers, each cheque written by you and negotiated through the clearing system (excluding those cashed over-the-counter at a Commonwealth Bank branch) incurs a fee of $1.00.

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 Debit MasterCard in any international ATM or any merchant retail outlet carrying the MasterCard logo. The following fees apply:

Maestro (EFTPOS) or Debit MasterCard purchase	AUD$1.00 + 2.00% of transaction value
Cirrus or MasterCard ATM balance enquiry	AUD$2.00
Cirrus or MasterCard ATM cash withdrawal	AUD$5.00 + 2.00% of transaction value

 

Important information

1. Rate applies to the whole balance of the account, and is calculated daily and paid quarterly. Rates effective as at 15 October 2008 but are subject to change.

• 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 charges apply.