1 Excludes Equity Unlock Loan for seniors, Commonwealth Portfolio Loan, and all CommBank home loans purchased through a third-party broker, as well as all refinance and top up transactions using a CommBank home loan.
2 An eligible CommBank home loan is considered ready to settle once the Bank is ready, in accordance with the terms and conditions set out in your loan agreement, to make the loan funds available to you for settlement of your home or land purchase or as otherwise agreed.
3 Home loan applications are subject to our standard credit approval process and other conditions may apply.
4 Bonus interest is non-compounding, which means interest is not paid on bonus interest as it accumulates.
5 If you're buying a home with a partner or friend who has their own Future Home Saver account or their own CommBank home loan, they won't be able to unlock their bonus interest if you do. You can merge Future Home Saver accounts but the bonus interest cap at the time of the merger will apply.
The standard variable interest rate is current as at 24/07/2017 but is subject to change.
To open a Future Home Saver account in joint names, you must have a joint eligible CommBank transaction account in the same joint names.
Future Home Saver Bonus interest cannot be redeemed if you take up a CommBank home loan cashback offer. Bonus interest will stop accruing once the bonus interest cap of $3,000 is reached however standard interest will continue to apply. If your account is closed (by us or by you) before you redeem your bonus interest you'll forfeit any bonus interest that's accumulated to date. Please refer to the Future Home Saver account Terms and Conditions also available at any branch or by calling 13 2221. As this advice has been prepared without considering your objectives, financial situation or needs, you should before acting on the advice, consider its appropriateness to your circumstances. The Future Home Saver account is not associated with the proposed ‘First Home Super Saver Scheme’ that was announced in the Federal Budget on 9 May 2017 by the Australian Government. Commonwealth Bank of Australia ABN 48 123 123 124.