1 Paid on the portion of the balance that falls within each balance band. Rates are calculated daily and credited to your account quarterly in March, June, September and December. Rate effective date: 01 November 2018 but are subject to change.
You will earn 0.50% p.a. on your first $9,999, then 0.80% p.a. on the amount you have between $10,000 and $49,999, then 1.50% p.a. on the amount you have between $50,000 and $249,999, then 1.70% p.a. on the amount you have $250,000 and over.
2 Not all ATMs accept deposits.
3 If you're on the electronic option (automatic unless you choose the full access option when you open the account) you're entitled to make 15 electronic fee free withdrawals per month. If you choose the full access option, you are entitled to make two assisted and five electronic fee free withdrawals per month.
4 The Bank will not charge Access Fees on withdrawals or account balance enquiries on deposit and transaction accounts (including MISA - On and from 16 March 2019, MISA is no longer available for sale, or able to be activated, for any loan. If a MISA has a nil balance on or after 16 March 2019, it cannot be reactivated.), 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.
5 To make travelling easier, you can use your Commonwealth Bank Keycard in any international ATM carrying the Cirrus or Visa Plus signs and also for Maestro EFTPOS purchases.
Mastercard is a registered trademark of Mastercard International Incorporated.
The information on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the information, consider its appropriateness to your circumstances. Please view our Financial Services Guide (PDF 68KB). Full terms and conditions for the transaction and savings accounts (PDF | 660KB) mentioned and Electronic Banking are available here or from any branch of the Commonwealth Bank.
All quoted fees are subject to change.
Passbook transactions are not available at some branches opened after 1 August 2008. Call 13 2221 to check availability.
BPAY is a registered trademark of BPAY Pty Limited ABN 69 079 137 518.