Compare Transaction Accounts

Everyday Account Smart Access

A bank account for your day-to-day needs, with access to smart money management tools and shopping rewards.

Is this account right for you?

  • A bank account for everyone
  • For your everyday transactions and bills
  • An account for you or with someone else

Eligibility

  • Are aged 14 years and over (for under 14s, see our Smart Access Account for Youth). If you’re applying for a joint account, both applicants need to be at least 18.
  • Have an Australian residential address
  • Are opening the account in your personal names (no Company, Trading or Trust accounts - see business accounts). To open a trust account, please apply at any branch

Monthly account fee

  • A $4 monthly account fee or;
  • $0 monthly account fee if you deposit $2,000 each month, are under 30, or meet other conditions1

See all fees which may apply to this account

What you'll get

  • 24/7 access to your money with the CommBank app
  • Cashback2 on your favourite brands with shopping offers
  • Unlimited electronic withdrawals3
  • Easier banking using our smarter digital banking tools
  • $0 ATM withdrawal fee at many ATMs across Australia, including those of other major banks4
  • We’ll protect you from losses due to unauthorised transactions on personal and business accounts when you take the necessary steps to stay safe online
  • Optional overdraw feature to cover accidental or unplanned shortfall in funds

More ways to pay

  • A physical and digital Debit Mastercard®, so you can shop online, in-store or overseas
  • Get paid into this account
  • Pay bills & friends
  • Send and receive money from overseas
  • Pay your friends in real-time with PayID

Interest rates

No interest is paid on this account. Consider opening a NetBank Saver or GoalSaver account to earn interest on your savings.

Learn more about the Everyday Account Smart Access

Open now

Streamline Basic Account

An everyday bank account for health care or pensioner concession card holders.

Is this account right for you?

  • A bank account for eligible concession cardholders with no monthly account fee
  • For your everyday transactions and bills
  • An account for you or with someone else

Eligibility

  • Commonwealth Seniors Health cardholders
  • Pensioner Concession cardholders
  • Health Care cardholders
  • You have an Australian residential address

Monthly account fee

  • $0 monthly account fee

See all fees which may apply to this account

What you'll get

  • 24/7 access to your money with the CommBank app
  • Unlimited electronic & assisted withdrawals5
  • Easier banking using our smarter digital banking tools
  • $0 ATM withdrawal fee at many ATMs across Australia, including those of other major banks4
  • We’ll protect you from losses due to unauthorised transactions on personal and business accounts when you take the necessary steps to stay safe online
  • No overdraw fees
  • No dishonour fees

More ways to pay

  • A physical and digital Debit Mastercard®, so you can shop online, in-store or overseas
  • Get paid into this account
  • Pay bills & friends
  • Send and receive money from overseas
  • Pay your friends in real-time with PayID

Interest rates

No interest is paid on this account. Consider opening a NetBank Saver or GoalSaver account to earn interest on your savings.

Learn more about the Streamline Basic Account

Compare Savings Accounts

NetBank Saver Account

An online savings account with the flexibility to move money to and from your linked CommBank transaction account.

Eligibility 

  • You are 14 years or older and have an Australian residential address.
  • You need an eligible CommBank transaction account to link to your NetBank Saver

Is this account right for you?

  • No criteria required to earn the standard variable interest rate
  • A competitive introductory variable rate for the first 5 months on your first NetBank Saver account6
  • Easily move money between your savings and transaction accounts
  • You'll need an eligible CommBank transaction account to link to your NetBank Saver. If you do not already have one we’ll automatically open a Smart Access account for you when you open a NetBank Saver account.11 Fees may apply to your linked transaction account.12

Monthly account fee

  • $0 monthly account fee

See all fees which may apply to this account.

Fees may apply to your linked Transaction account

Interest rate

  • Earn a variable introductory rate, currently 5.10% p.a., for the first 5 months on your first NetBank Saver.

    This includes a 2.75% p.a. fixed bonus margin above the current standard variable rate of 2.35% p.a.
  • Interest calculated daily and paid monthly on the first calendar day of the following month
  • At the end of the introductory rate period, the NetBank Saver standard variable rate applicable at that time will apply

Benefits

  • Easy access to your money with the CommBank app, NetBank, or over the phone
  • Support to manage your money with:
    • Goal Tracker
    • Savings tools
    • Cash Flow View
  • We’ll protect you from losses due to unauthorised transactions on personal and business accounts when you take the necessary steps to stay safe online.
  • Combined balances of up to $250,000 per account holder are guaranteed and secured by the Australian Government

Learn more about the NetBank Saver Account

Open now

GoalSaver Account

A savings account that rewards regular savers with a variable bonus interest rate.

Eligibility 

  • You are 18 years or older and have an Australian residential address.

Is this account right for you?

  • For regular savers
  • Earn a variable bonus interest rate when you grow your savings balance each calendar month (excluding interest and bank-initiated transactions)

Monthly Account Fee

  • $0 monthly account fee

See all fees which may apply to this account.

Interest rates

  • Earn a 4.90% p.a. total variable rate when you grow your savings balance each calendar month (excluding interest and bank-initiated transactions)
  • Total variable rate consists of a 0.40% p.a. standard variable rate and a 4.50% p.a. bonus variable rate
  • One bonus interest rate applies to your entire balance. The bonus interest rate depends on your account balance. All rates are variable.
  • 4.50% p.a. variable bonus on balances less than $50,000.
  • 4.50% p.a. variable bonus on balances between $50,000 - $249,999.
  • 4.50% p.a. variable bonus on balances between $250,000 - $999,999.
  • 4.50% p.a. variable bonus on balances $1,000,000 and over.
  • The standard variable rate of 0.40% p.a. will apply if the bonus interest conditions aren't met
  • Interest calculated daily and paid monthly on the first calendar day of the following month10

Benefits

  • Easy access to your money with the CommBank app, NetBank, in-branch, or over the phone
  • Support to manage your money with:
    • Goal Tracker
    • Savings tools
    • Cash Flow View
  • We’ll protect you from losses due to unauthorised transactions on personal and business accounts when you take the necessary steps to stay safe online
  • Combined balances of up to $250,000 per account holder are guaranteed and secured by the Australian Government

Learn more about the GoalSaver Account

Open now

Youthsaver Account

An account for under 18s that rewards regular savers with a variable bonus interest rate on balances up to $50,000.

Eligibility 

  • Under 18 years of age with an Australian residential address.

Is this account right for you?

  • For the young saver aged 17 years old and under.7
  • Earn bonus interest when you grow your savings balance each calendar month (excluding interest and bank initiated-transactions)

Monthly account fee

  • $0 monthly account fee

Interest rates

  • Earn a 5.00% p.a. total variable rate when you grow your balance each calendar month (this excludes interest and bank-initiated transactions)
  • Total variable rate consists of a 2.60% p.a. standard variable rate and a 2.40% p.a. bonus variable rate
  • The standard variable rate of 2.60% p.a. will apply when the bonus interest criteria isn’t met and for the portion of the balance over $50,000.
  • Bonus rate applies to balances up to $50,000
  • Interest calculated daily and paid monthly on the first calendar day of the following month

Benefits

  • Easy access to your money with the CommBank app, NetBank, or over the phone
  • We’ll protect you from losses due to unauthorised transactions on personal and business accounts when you take the necessary steps to stay safe online
  • Combined balances of up to $250,000 per account holder are guaranteed and secured by the Australian Government

Learn more about the Youthsaver Account

Open now

Migrant account

New to Australia? Open a CommBank account up to 14 days before you arrive in Australia, or up to 3 months after you arrive.

You’ll need to visit a branch once you arrive in Australia and provide identification documents and tax residency details before you can start using your new account.  

Everyday Smart Access account for new migrant arrivals

An Australian bank account for your day-to-day living, if you’re moving to Australia from overseas.

Eligibility

  • You’re arriving in Australia in the next 14 days
  • You’ve been in Australia for less than 3 months

Is this account right for you?

  • A bank account for your everyday transactions and bills
  • An account for you 
  • No Australian address needed to set up the account8

Monthly account fee

  • A $4 monthly account fee or;
  • $0 monthly account fee if you deposit $2,000 each month, are under 30, or meet other conditions1

See all rates and fees

What you'll get

  • 24/7 access to your money with the CommBank app
  • A physical and digital Debit Mastercard®, so you can shop online, in-store and overseas
  • Easier banking using our smarter digital banking tools
  • We’ll protect you from losses due to unauthorised transactions on personal and business accounts when you take the necessary steps to stay safe online
  • Use Cardless Cash9 in the CommBank app to get money out of any CommBank ATM
  • Cashback2 on your favourite brands with shopping offers

More ways to pay

  • Add your Debit Mastercard to your Apple Pay, Google Pay or Samsung Pay mobile or wearable
  • Unlimited electronic withdrawals3
  • Get paid into this account
  • Send and receive money from overseas
  • Pay bills & friends
  • Pay your friends in real-time with PayID

Interest rates

No interest is paid on this account. Consider opening a NetBank Saver or GoalSaver account to earn interest on your savings.

Additional Savings & Investment options

Term Deposits

Feel confident knowing exactly how much your money will earn when you lock-in a competitive interest rate.

Eligibility

You are over 18 years or over and have: 

  • A minimum deposit of $5,000
  • An Australian residential address
  • You'll need an existing NetBank ID and CommBank account in your name to open an account online

Is this account right for you?

  • An account that gives you a competitive interest rate when you lock away your funds for a term of your choice - from 1 month up to 5 years
  • Invest from $5,000 to just under $2,000,000 online (more if you go into a branch)

Fees & charges

  • There are no set up or establishment fees
  • If you’d like to withdraw your term deposit before it matures, you’ll need to give us 31 days’ notice. You may incur a prepayment interest adjustment and administration fee.

Benefits

  • You have the security of locking in a fixed rate
  • Interest calculated daily and paid 4 weekly, 6 monthly, annually, and/or at maturity
  • Manage your term deposit online in the CommBank app, NetBank, in-branch, or over the phone
  • Opt in for free maturity alerts and e-notices 
  • Combined balances of up to $250,000 per account holder are guaranteed and secured by the Australian Government

Learn more about Term Deposit accounts 

Open now

Pensioner Security Account

A flexible account for pensioners and retirees that keeps your savings or pension income safe and working for you.

Is this account right for you?

  • A bank account for retirees and pensioners with no monthly account fee
  • For your everyday transactions and bills
  • An account for you or with someone else

Eligibility

  • You’re retired and at least 55 years old, or at least 18 years old and receiving an eligible pension
  • You have an Australian residential address

Monthly account fee

  • $0 monthly account fee

See all fees which may apply to this account

What you'll get

  • 24/7 access to your money with the CommBank app
  • Earn interest on the balance of your account
  • Unlimited electronic withdrawals5 and 2 free assisted withdrawals. Transaction fees will apply after the fee-free limits are reached.
  • $0 ATM withdrawal fee at many ATMs across Australia, including those of other major banks4
  • No overdraw fees
  • Easier banking using our smarter digital banking tools
  • We’ll protect you from losses due to unauthorised transactions on personal and business accounts when you take the necessary steps to stay safe online

More ways to pay

  • A physical and digital Debit Mastercard®, so you can shop online, in-store or overseas
  • Get paid into this account
  • Pay bills & friends
  • Send and receive money from overseas
  • Pay your friends in real time with PayID

 

Interest rates

0.05% p.a. on balances less than $10,000.

1.80% p.a. on balances between $10,000 to $49,999 .

2.30% p.a. on balances between $50,000 to $249,999.

2.80% p.a. on balances $250,000 and over.

Interest is paid on the portion of the balance that falls within each band.

Rates are calculated daily and credited to your account quarterly in March, June, September and December. Rate effective 17 November 2023 and is subject to change. 

Learn more about the Pensioner Security Account

Open now

Things you should know

  • 1 Monthly account fee waived for accounts with at least $2,000 deposited each calendar month (excludes Bank initiated transactions). A monthly account fee waiver will also apply if you’re under 30 years of age. 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.

    The CommBank Yello Cashback Offers program (‘CommBank Yello Cashback Offers’) rewards you with cashback after you activate (where required) an offer presented to you via the CommBank app and you make a purchase in accordance with the Terms and Conditions of that offer. Cashback is typically received within 14 business days of a qualifying purchase, but in some cases may take longer. If you are not already enrolled, you can enrol if you are at least 18 years old, hold an eligible CommBank credit Mastercard or debit Mastercard, Business credit Mastercard or StepPay digital card, and meet the ‘Base eligibility criteria’ in the ‘CommBank Yello Terms and Conditions’ (latest version available on our website at commbank.com.au) (‘CommBank Yello’). Your participation in CommBank Yello Cashback Offers is governed by the full Terms and Conditions available in the CommBank app.

    3 Electronic Withdrawals are purchases made via EFTPOS in Australia, cash withdrawals and transfers made at a CBA ATM in Australia, NetBank transfers and BPAY, direct debits/scheduled payments, and withdrawals made using self-service telephone banking.

    4 Independent ATM providers may charge a withdrawal fee.

    Excludes non-Commonwealth Bank ATMs here and all ATMs overseas, EFTPOS  and Debit Mastercard transactions overseas (or purchases 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. Access fees apply on all ATM and EFTPOS transactions overseas or involving a currency conversion. Other fees and charges may apply.

    6 Open a NetBank Saver for the first time  from 16 November 2023 and you'll receive a variable introductory interest rate for the first 5 months after account opening. The variable introductory rate is currently 5.10% p.a., which includes a fixed bonus margin of 2.75% p.a. above the NetBank Saver standard variable rate, currently 2.35% p.a. At the end of the introductory rate period the NetBank Saver standard variable rate applicable at that time will apply. A linked transaction account is required. This introductory rate offer is available for a limited time only and the Bank reserves the right to terminate this offer at any time. The variable introductory interest rate will not apply to NetBank Saver accounts which are jointly owned where one of the account holders has previously held a NetBank Saver account.

    The above rates are current as at 16 November 2023 and are subject to change at the Bank’s discretion.

    Under 14? – You'll need permission from your parent or guardian to open an account and for online access. If they do your banking, they can link your Youthsaver to their CommBank accounts and their NetBank, making it easy to access. They can also provide you with enquiry-only NetBank access to check your savings online.

    8 To gain full access to your account, an Australian residential address will need to be provided when you visit a Commonwealth Bank of Australia branch to be identified. 

    9 Cardless cash is available from any CommBank ATM. Withdrawals are limited to a total of $500 per day. CommBank app, NetBank, NetCode and account access required. Full conditions on app.

    10 Rates effective 17 November 2023

    11 Eligible CommBank transaction account can be Smart Access, Complete Access, Everyday Offset, Pensioner Security or Streamline Basic account in the same name as your NetBank Saver account. If you don’t have an existing eligible transaction account, we will open a Smart Access account under the same name as your NetBank Saver. 

    12 If you’re eligible, you can ask us instead to open a Streamline Basic account – which has no monthly account fees. You can open a Streamline Basic account if you hold an Australian Government issued Commonwealth Seniors Health card, Pensioner Concession card, or a Health Care card. To open a Streamline Basic and link this to your NetBank Saver, visit a branch. Find out more about Streamline Basic.

  • Mastercard and the Mastercard brand mark are registered trademarks of Mastercard International Incorporated.

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

    Please view our Financial Services Guide (PDF). View the full terms and conditions for the transaction and savings accounts (PDF) or Term Deposit General Information and Terms and Conditions online or from any branch of the Commonwealth Bank. Other fees and charges apply.