Compare our Transaction and Savings Bank Accounts

¹ Monthly account fee waived for accounts with at least $2,000 deposited each calendar month (excludes transactions initiated by the Bank). 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.

² 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.

⁵ 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.

⁷ 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 or if you're an existing customer, you can also call 13 2221. 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.