FIND THE RIGHT ACCOUNT FOR YOU.

Things you should know:

Transaction accounts

* Monthly account fee waived for accounts with at least $2,000 deposited each calendar month and if you are 21 to 24 years old you will be exempt from monthly account fees if you deposit at least $1000 into the account each calendar month (excludes Bank initiated transactions). A monthly account fee waiver will also apply if you’re under 21 years of age, or you’re a full-time or part-time tertiary student at an Australian educational institution or undertaking an Australian Apprenticeship on Student Options. 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.

⁺Access fees may apply. Unlimited withdrawals excludes ATMs overseas, EFTPOS transactions overseas or involving currency conversion, transfer group payments to third parties using NetBank, IMTs and separate services such as bank cheques, periodic payments and transfers/deposits to other banks. Smart Access also excludes assisted phone, branch and agency withdrawals and cheques written.

^~ 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.

** Up to $500 without a card withdrawal per day. CommBank app, NetBank, NetCode and account access required.

^## Tap & Pay allows you to use your compatible iPhone or Android mobile phone to make Mastercard^® contactless purchases up to $100 or other limit as set by the merchant. NetBank and CommBank app access required. Tap & Pay is available for compatible NFC enabled phones running Android 4.4 or above – Eligible transaction accounts only, not available for credit cards at this time. Other phones may Tap & Pay by ordering a CommBank PayTag in the app. A one-off purchase price of $2.99 applies for the PayTag.

Savings accounts

¹ The introductory NetBank Saver variable rate of currently 2.00% p.a. includes a fixed bonus margin of 1.85% p.a. above the NetBank Saver standard variable rate of currently 0.15% p.a for 5 months. 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 above rates are current as at 20 August 2019 but are subject to change at the Bank’s discretion.

² To be eligible for bonus interest deposit at least $200 (excluding interest and bank initiated transactions) and make no withdrawals in the calendar month. Interest is paid on the portion of the balance that falls within each balance band. The standard variable rate of 0.01% p.a. will apply on any portion of the balance $1,000,000 and over. A maximum of one (1) GoalSaver account per customer can be opened. 

The above rates are current as at 23 July 2019 but are subject to change at the Bank’s discretion.

³ 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.

⁴ 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 here. 

Mastercard and the Mastercard brand mark are registered trademarks 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 60KB). View the full terms and conditions for the transaction and savings accounts (PDF 660KB) or from any branch of the Commonwealth Bank. Other fees and charges apply.