Features & benefits

  • Instant access to your money

    Access your funds at any time with unlimited transfers using online and phone banking.

  • Earn interest

    Interest is calculated daily and paid monthly on the full balance when $10,000 or more is held in the account.

  • No minimum deposit or withdrawals

    So you have more flexibility when managing your account.

Rates & fees

Interest rates (Effective date 12 August 2022)

Balance
Interest rate (p.a.)
$0 to $9,999
0.00%
$10,000 or more
0.60%*

Fees

A paper statement fee of $2.50 is charged for all paper statements issued on your account.

How to apply

  • Already have a business account with CommBank?

    You can start your application online if you:

    In addition:

    • Domestic businesses (e.g. a sole trader or company) must have an Australian business number (ABN) or Australian company number (ACN) where relevant; and
    • Foreign companies that carry on business in Australia must be registered with ASIC. The eligibility of other foreign companies will be subject to review on a case-by-case basis.

    Open online

  • Don't have a business account with CommBank?

    You’ll need to open an eligible business transaction account first.

    If you’re a sole trader or a director of a private company, you can open a Business Transaction Account with a Business Online Saver online.

    Otherwise, take the documents you need to your nearest branch.

     

    Find a branch

Things you should know

  • * Rate applies to the full balance of the account, provided the balance is $10,000 or more.

    Account-keeping and transaction fees (including NetBank service charges) may apply to the linked business transaction account.

    The target market for these products will be found within the product’s Target Market Determination, available here.

    This information has been prepared without taking into account your individual or business needs and objectives. You can view the Terms and Conditions for Business Transaction and Savings Accounts, our Financial Services Guide and the Electronic Banking Terms and Conditions and should consider them before making any decision about these products and services. Bank fees and charges may apply.