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Rates and fees

Commonwealth Direct Investment Account


Interest rates

All rates displayed in the table below are per annum.

Commonwealth Direct Investment Account

Balance

Accounts opened / migrated on or after 1 November 2012

Accounts opened on or before 31 October 2012#

Standard Access

Linked to CommSec Trading Account

SMSF*

$500,000 and over

1.50%

1.75%

1.50%

1.00%

$250,000 - $499,999

1.25%

1.50%

1.50%

1.00%

$100,000 - $249,999

1.00%

1.30%

1.50%

0.35%

$50,000 - $99,999

0.50%

0.80%

1.50%

0.35%

$20,000 - $49,999

0.50%

0.50%

1.50%

0.15%

$10,000 - $19,999

0.25%

0.25%

1.50%

0.15%

Less than $10,000

0.00%

0.00%

0.00%

0.15%

* Option only available for self-managed superfunds (SMSF), that elect the SMSF CDIA option at account opening or have requested to switch onto the SMSF option

# Interest rates for existing account holders only - no longer available for sale


Fees & charges

Monthly account fee* $5

*Waivers apply for CDIA accounts opened on or before 31 October 2012, CDIA accounts linked to CommSec Trading Account, or SMSF option.


Withdrawal fees

For accounts opened / migrated on or after 1 November 2012:

  • Standard Access option allows for 5 fee-free electronic withdrawals plus 2 fee-free assisted withdrawals each month. 
  • CDIA accounts linked to CommSec Trading Account option allows for unlimited fee-free electronic withdrawals plus 2 fee-free assisted withdrawals each month
  • SMSF CDIA option allows for unlimited fee free electronic withdrawals and assisted withdrawals each month

For accounts opened on or before 31 October 2012: please refer to your Offer Confirmation Letter (available on NetBank)

Excess Withdrawal Fees

Type of fee Fee
Transfers made at a Commonwealth Bank ATM $0.30
Direct entry debit or periodical payment $0.30 
All transfers or payments made through NetBank or telephone banking $0.30 
EFTPOS cash withdrawal or purchase $0.50
ATM cash withdrawal $0.50
All cheques written by you and negotiated through the clearing system (excluding those cashed over-the-counter at a Commonwealth Bank branch) $1.50
All assisted withdrawals in a branch or via telephone banking (including cheques issued on your account and cashed over-the-counter at a Commonwealth Bank branch) $2.50


Non-Commonwealth Bank ATM fees

An Access Fee will be charged on withdrawals you make through an ATM of ASB Bank in New Zealand, Commonwealth Bank in Indonesia and Commonwealth Bank in Vietnam. AUD $2.00 each
  • Note: The Bank will not charge Access Fees on withdrawals or account balance enquiries on deposit and transaction accounts (including MISA), home loans, investment home loans, lines of credit and personal loans through non-Commonwealth Bank ATMs in Australia.  However, ATM owners may charge a fee, which will be disclosed at the time of the transaction. If you proceed with the transaction, the ATM owner’s fee will be debited to your account (in addition to the withdrawal amount, if applicable).  You should check the ATM owner’s fees that apply carefully before completing transactions at non-Commonwealth Bank ATMs in Australia.

International ATMs and EFTPOS

To make travelling easier, you can use your Commonwealth Bank keycard in any international ATM carrying the Cirrus or Visa Plus signs and also for Maestro EFTPOS purchases. The following fees apply:

Transaction Fee
Transfers made at a Commonwealth Maestro EFTPOS purchase 3.00% of transaction value
 
Cirrus and Visa Plus ATM cash withdrawal AUD$5.00 + 3.00% of transaction value
 


 

  • Important