Transaction accounts for day-to-day living to use for shopping, paying bills, withdrawing cash and more.
Savings accounts & Term Deposits
Savings accounts to help you reach your goals and have money set aside for the unexpected.
1 Monthly account fee waived for accounts with at least $2,000 deposited each calendar month and if you're 21 to 24 years old you'll be exempt from monthly account fees if you deposit at least $1,000 into the account each calendar month (excludes Bank initiated transactions). A monthly account fee waiver will also apply if you’re under 21 years of age, or you’re a full-time or part-time tertiary student at an Australian educational institution or undertaking an Australian Apprenticeship on Student Options. You may also be eligible for a different monthly account fee exemption if you have an aged disability or war veterans pension deposited in your account, have a balance of $50,000 or more in eligible contributing accounts, are reliant on over the counter services because of a disability or have an eligible home loan. Find out more about rates and fees.
2 Requires a GoalSaver or NetBank Saver in your name only.
3The Forrester Banking Wave™: Australian Mobile Apps, Q2 2018. Commonwealth Bank of Australia received the highest Industry Wave™ overall score among Mobile Apps in Australia in Forrester's proprietary Industry Wave™ evaluation. Forrester Research does not endorse any company included in any Industry Wave™ report and does not advise any person or organisation to select the products or services of any particular company based on the ratings included in such reports.
4 Not available on Business Transaction Accounts.
5 We’ll cover any loss due to unauthorised transactions on your account, as long as you safeguard your cards, devices, payment documents, client numbers, PINs, passwords and any other access methods, and immediately notify us of their loss, theft or misuse or any suspicious unauthorised activity on your 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. View our Financial Services Guide (PDF 60KB). View the full terms and conditions for the transaction and savings accounts mentioned (PDF 660KB) or contact any branch of the Commonwealth Bank.
Full terms and conditions of the CommBank app are available on the app. The CommBank app is free to download however your mobile network provider may charge you for accessing data on your phone. The CommBank app is available on Android operating systems 4.1+ and iOS operating system 8.0+. NetBank access with NetCode SMS is required.