Features

Commonwealth Bank's Wealth Package recognises that the more business you have with us, the more benefits you should enjoy. Wealth Package offers an exceptional collection of financial benefits including interest rate discounts and other money-saving products and services.

The benefits include significant discounts for borrowing, everyday banking and insurance services. To qualify you must:

• Have total home lending¹ with us of at least $150,000 initially
• Pay the Wealth Package annual fee, currently $350

Customers with Low Doc Home Loans where the amount of the loan exceeds 60% of the value of the security property, as determined by the Bank, are not eligible to apply for Wealth Package.

 

Everyday banking benefits

For your Everyday Account
Unlimited everyday transactions through Australia's largest banking network with no withdrawal or monthly account fees.²

Commonwealth Bank MasterCard Credit Card
The following benefits apply to one eligible Commonwealth Bank MasterCard Credit Card held in your name and of which you are the primary cardholder:

• No annual credit card fee (save up to $114 p.a.)
• No additional cardholder fee (if applicable - normally $15 p.a.)

 

Home Loan benefits

For your Standard Variable Rate Home Loan/Investment Home Loan and Line of Credit³

The following benefits apply:

• No up-front Establishment Fee⁴
• No Loan Service Fees (normally $8/month for home loans/investment home loans or $12/month for lines of credit)

The following savings apply based on total home lending¹:

SPECIAL OFFER for new loans from 9 January 2012:
Initial Total Home Lending	Wealth Package Saving
$150,000 to less than $250,000	0.50% p.a.
$250,000 to less than $500,000	From 0.60% p.a.
$500,000 or more	From 0.70% p.a.

For your standard fixed rate home and investment home loans

The following benefits apply:

• 0.15% p.a. discount off Standard Fixed Rates
• No up-front Establishment Fee⁴
• No Loan Service Fees (normally $8/month)

 

For your 12 month discounted variable rate and 1 year guaranteed rate home and investment home Loans⁵

The following benefits apply:

• No up-front Establishment Fee⁴
• No Loan Service Fees (normally $8/month)
• At the expiry of the 12 Month Discounted Variable Rate and 1 Year Guaranteed Rate, the loan will receive a 0.40% p.a. discount off the Standard Variable Rate

 

Initial Total Home Lending

Wealth Package Saving

	Standard Variable Rate	Fixed Rate	Line of Credit
$150,000 to less than $350,000	0.5% p.a.	0.15% p.a.	0.5% p.a.
$350,000 to less than $750,000	0.6% p.a.	0.15% p.a.	0.6% p.a.
$750,000 or more	0.7% p.a.	0.15% p.a.	0.7% p.a.

 

Personal loan benefits

The following benefits apply:

• 0.50% p.a. off Standard Variable and Fixed Rate loans
• No up-front Establishment Fee⁶
• Available for loan amounts of $10,000 or more ($14,000 or more for Fixed Rate Secured Loans)

 

Insurance benefits⁷

CommInsure Residential Home Insurance Package:

Save up to 10% on a building or contents premium
Save up to 15% on a combined building and contents premium

CommInsure Investment Home Insurance Package:

Save up to 5% on a building or contents premium
Save up to 7.5% on a combined building and contents premium

CommInsure Car Insurance

Save up to 10% on Car Insurance Premium

Loan Protection Insurance

Save 5% p.a. on Loan Cover, Loan Repayment Cover and Joint Cover premiums

CommInsure Total Care Plan, Income Care and Income Care Plus

If you apply for these types of insurance with a Commonwealth Financial Planning adviser, save 5% in the first year, then 4% in the second year, 3% in the third year, 2% in the fourth year and 1% in the fifth year. No discount applies from the sixth year onwards. 

 

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Important Information:
Please note the special offer Home Loan, Investment Home Loan and Line of Credit interest rate concessions detailed on this page are only available on new loans taken out from 9 January 2012. All other concessions detailed on this page are only available on new products taken out after 7 July 2008. These offers are subject to change without notice.

• 1. Total home lending balance is the sum of the account balance of home lending accounts and the credit limit of the line of credit accounts that you have with us. Any extra repayment that you make on your home loan will reduce your total home lending balance.
• 2. Excludes non-Commonwealth Bank ATMs here and all ATMs overseas, EFTPOS and Debit MasterCard transactions overseas or involving currency conversion, transfer group payments to third parties, International Money Transfers and separate services such as bank cheques, periodic payments and transfers/deposits to other banks.
• 3. Does not include One Year Guaranteed Rate Home Loans and Investment Home Loans, 12 Month Discounted Variable Rate Home Loans and Investment Home Loans, No Fee Variable Rate Home Loans and Investment Home Loans, Economiser Home Loans and Investment Home Loans, 3 Year Special Economiser Home Loan and Investment Home Loans or Rate Saver Home Loans and Investment Home Loans.
• 4. The Bank will not charge any upfront establishment fees on Home Loans, Investment Home Loans or Lines of Credit under the Package. However, a deferred establishment fee may be payable if the Home Loan, Investment Home Loan or Line of Credit was established prior to 21st March 2011 and is repaid in full within four years from the funding date of the loan but excluding repayment during a guaranteed interest rate period. Switching to another loan type permitted by us does not constitute repayment.
• 5. Does not include Economiser Home Loans / Investment Home Loans and 3 Year Special Economiser Home Loan / Investment Home Loan and 3 Year Special Rate Saver Home Loan/Investment Home Loan.
• 6. The Bank will not charge any upfront establishment fees on Personal Loans under the Package. However, a deferred establishment fee may be payable if the Personal Loan is repaid in full within two years from the funding date of the loan but excluding loans with a one or two year term.
• 7. CommInsure Home Insurance (which incorporates CommInsure Residential and Investment Home Package Insurance) and Car Insurance are issued by Commonwealth Insurance Limited ABN 96 067 524 216 (CIL) AFSL 235030 and Loan Protection, CommInsure Total Care Plan, Income Care and Income Care Plus refer to life insurance products issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 (CMLA) AFSL 235035. Both CIL and CMLA are wholly owned but non-guaranteed subsidiaries of the Commonwealth Bank of Australia ABN 48 123 123 124. Product Disclosure Statements (PDS) for CommInsure Home Insurance and Car Insurance are available by calling 13 24 23 (8am – 8pm (AEST) 7 days a week), visiting comminsure.com.au or from a Commonwealth Bank branch. A PDS for Loan Protection Insurance, CommInsure Total Care Plan, Income Care and Income Care Plus is available by calling 13 10 56 (8am and 8pm (AEST), Monday to Friday) or visiting comminsure.com.au. The relevant PDS should be considered before making any decisions about these products. Where Commonwealth Bank distributes products for CIL or CMLA, Commonwealth Bank may receive a commission from CIL or CMLA.
• General Information and Terms and Conditions for Debit MasterCard or Streamline accounts are available on this website or from any branch of the Commonwealth Bank. Bank fees and Government charges apply. If you have a complaint, the Commonwealth Bank's dispute resolution process can be accessed on 13 2221.  
• As this advice has been prepared without considering your objectives, financial situation or needs, you should before acting on this advice, consider its appropriateness to your circumstances.  Applications for finance are subject to the Commonwealth Bank's normal credit approval. Full terms and conditions will be included in the Commonwealth Bank's offer of finance. Other terms and conditions are available upon application. Other fees and charges are payable.
• View our Consumer Mortgage Lending Products Terms and Conditions