Everyday Account Smart Access
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Pensioner Security Account
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Streamline Basic Account
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The all-in-one everyday banking account with the flexibility you need. |
An everyday bank account with competitive interest for pensioners or retirees (over 55 years of age or are at least 18 years of age and receive an eligible pension). |
An everyday bank account for health care or pensioner concession card holders. |
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$4 monthly account fee. Monthly account fee waived if you're under 25, a student or deposit at least $2,000 each month.* |
$0 monthly account fee. See all fees which may apply to this account. 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 date: 31 August 2021 but are subject to change. 0.01% p.a. on balances less than $10,000. 0.01% p.a. on balances between $10,000 to $49,999 . 0.05% p.a. on balances between $50,000 to $249,999. 0.20% p.a. on balances $250,000 and over. |
$0 monthly account fee. |
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Unlimited electronic withdrawals.+ |
Unlimited electronic withdrawals and 2 assisted withdrawals a month. Transaction fees will apply after the fee free limits are reached.~ |
Unlimited electronic & assisted withdrawals.+ |
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Choose a Debit MasterCard® to pay with your own money. |
Choose a Debit Mastercard® to pay with your own money. |
Choose a Debit MasterCard® to pay with your own money. |
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Access your money in more ways with the CommBank App:
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Access your money in more ways with the CommBank app:
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Access your money in more ways with CommBank app:
Tap and Pay at any Mastercard® Contactless terminal with your compatible mobile (limits apply).## |
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NetBank Saver Account
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GoalSaver Account
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Youthsaver Account
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Term Deposits
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An online savings account with unlimited transfers to and from a linked CommBank transaction account. |
A savings account that rewards regular savers with a variable bonus interest rate. |
An account for under 18s that rewards regular savers with bonus interest on balances up to $50,000. |
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. |
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Earn a variable introductory rate, currently 0.33% p.a., for the first 5 months on your first NetBank Saver. |
Earn a variable bonus interest rate when you grow your savings balance each calendar month (excluding interest and bank-initiated transactions).2 One bonus interest rate applies to your entire balance. The interest rate depends on your account balance. All rates are variable. 0.25% p.a. on balances less than $50,000. 0.25% p.a. on balances between $50,000 - $249,999. 0.25% p.a. on balances between $250,000 - $999,999. 0.25% p.a. on balances $1,000,000 and over. |
Earn a variable bonus interest rate of 0.50% p.a. on balances up to $50,000 when you grow your balance each calendar month (this excludes interest and bank-initiated transactions). Total variable rate consists of 0.05% p.a. standard variable rate and a 0.50% p.a. bonus variable rate. |
Earn a competitive interest rate on your savings. Invest from $5,000 to just under $2,000,000 online (more if you go into a branch). |
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Interest calculated daily and paid monthly on the first calendar day of the following month. |
Interest calculated daily and paid monthly on the first calendar day of the following month. |
Interest calculated daily and paid monthly on the first calendar day of the following month. |
Interest calculated daily and paid 4 weekly, 6 monthly, annually and/or at maturity. |
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$0 monthly account fee See all fees which may apply to this account. Fees may also apply to your linked transaction account. |
$0 monthly account fee |
$0 monthly account fee |
$0 monthly account fee If you want 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. |
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Variable introductory rate applies on your first NetBank Saver.1 |
The standard variable rate of 0.05% p.a. applies if the bonus interest conditions aren't met. |
Bonus rate applies to balances up to $50,000. Standard variable rate of 0.05% p.a. applies to any portion of the balance above $50,000. |
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Access your money online at any time with a linked CommBank transaction account. If you don’t have an existing transaction account to link to your NetBank Saver, then we’ll automatically open a Smart Access account for you when you open a NetBank Saver. Fees may apply to this account.4 |
Access your money online, in branch or over the phone. |
Access your money online, in branch or over the phone.3 |
Manage your Term Deposit online, in branch or over the phone. |
More reasons to choose CommBank
CommBank app
Our industry-leading app helps you bank quickly and securely, on the go.
All the basics at your fingertips and more, including Cardless Cash and Tap & Pay. Plus Transaction Notifications and Spend Tracker to keep you aware of your spending patterns, helping you stay in control.
Explore the CommBank appNetBank
NetBank is a secure online experience. You can manage your money and cards, set savings goals, check your balance, manage bills, schedule payments and more.
Discover more about NetBankATMs and more
Our ATMs aren’t just cash machines. Got a CommBank account? You can also check balance, deposit money and instantly transfer money between your CommBank accounts.
And all of our ATMs have touchscreen technology and are audio-enabled
See what our ATMs can do
Things you should know
Transaction accounts
* 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 25 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. Find out more about rates and fees.
+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 is available for compatible NFC enabled phones running iOS operating system 10.0+ and Android 4.4 or above. You can use Tap & Pay with the CommBank app or a range of digital wallets – like Apple Pay, Google Pay or Samsung Pay. NetBank and CommBank app access required. Tap & Pay allows you to use your compatible iPhone or Android phone to make contactless purchases up to $100. For amounts over $100 you may need to enter your card PIN depending on the terminal.
Savings accounts
1 The introductory NetBank Saver variable rate of currently 0.33% p.a. includes a fixed bonus margin of 0.28% p.a. above the NetBank Saver standard variable rate of currently 0.05% 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 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 31 August 2021 but are subject to change at the Bank’s discretion.
2 The standard variable rate of 0.05% p.a. will apply if the bonus interest conditions aren’t met.
The above rates are current as at 31 August 2021 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 target market for these products will be found within the product’s Target Market Determination, available here.
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.
