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About the Commonwealth Direct Investment Account

Features

  • Full access to your funds when you need them – from ATMs, NetBank, EFTPOS, telephone banking or any branch
  • Apply for an optional cheque book for added convenience
  • Minimum opening balance of $10,000
  • Competitive interest rate of 2.50% p.a.1 on balances of $500,000 or more
  • Interest calculated daily and credited monthly

How to apply

  • A minimum opening balance of $10,000
  • An Australian residential address
  • Tax File Number (TFN) or TFN Exemption. You do not have to provide your TFN to open the account, but if you don't CommBank is legally required to deduct tax from any interest earned on the account above a certain threshold

  • Existing CommBank deposit account number/s
  • Existing CommBank debit/credit account number/s
  • NetBank Client Number (if you're a NetBank customer)

You can apply if:
  • You are 18 years or over
  • You are opening the account in personal names (maximum of two applicants for joint accounts) and the account is for personal use
  • You are opening the account for funds held in trust

  • Apply at any branch or call 13 2221
  • If you wish to open a trust account, please apply at any branch

If you have any questions call 13 2221 anytime.

Rates and fees

  • Interest rate of 2.50% p.a.1 on balances of $500,000 or more
  • Monthly account fee of $5. Customers with a Relationship Balance of $50,000 or more are exempt from the monthly account fee

Learn more

Related products

GoalSaver

Reach your savings goals faster thanks to a great variable rate.

Learn more

NetBank Saver

A high-interest online savings account that links to your CommBank transaction account and provides instant access to your money whenever you need it.

Learn more

Term Deposits

Enjoy a fixed rate of return for the nominated term, so you know exactly what your investment's worth.

Learn more

How can we help you?

Important information

1Rates are effective as at 14 August, 2013, but subject to change.

The advice on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the advice, consider its appropriateness to your circumstances. Please view our Financial Services Guide (PDF 68KB). Full terms and conditions for the transaction and savings accounts mentioned and Electronic Banking are available here or from any branch of the Commonwealth Bank.

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