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Start your journey towards a new home

Earn interest

Competitive standard interest rate

Earn a standard variable interest rate of 1.00% p.a. calculated daily, paid monthly.

Online access

Easy access to your money

Use the CommBank app or NetBank to access your savings anytime. 

Receive bonus interest

Bonus interest rate

Build up to $3,000 in bonus interest. See conditions below.

Zero monthly account fees

$0 monthly account fees

Make the most of your savings with no monthly account fees.

  • You’ll receive bonus interest if you (or your joint account holder) apply for an eligible1 CommBank home loan directly with CommBank (not via a mortgage broker), your application is approved and we notify you that your home loan is ready to settle2
  • Opening a Future Home Saver account doesn't guarantee you'll be approved for a CommBank home loan3
  • You can accumulate up to $3,000 bonus interest at a fixed rate of 2.00% p.a. on the daily closing balance of your Future Home Saver account
  • A CommBank home loan can only unlock bonus interest for one Future Home Saver account4
  • Bonus interest is non-compounding which means interest is not paid on bonus interest as it accumulates
  • In-branch deposits or withdrawals aren't permitted with Future Home Saver.

Easy to open in branch

You’ll need your:

  • CommBank transaction account details so we can link it to your Future Home Saver account.
  • NetBank client number – we’ll set you up with one if you don’t bank online with us.
  • We’ll ask you for info like your full name, home address and contact details including your email address, then ask you to create a password so you can bank online in NetBank and the CommBank app
  • We’ll automatically open an Everyday Account Smart Access so you can easily transfer money to and from your Future Home Saver account
  • We’ll also check your ID, so you’ll need at least one of the following handy: Driver’s licence, Medicare card, passport or birth certificate.
  • No monthly account fees
  • Earn a standard variable interest rate of 1.00% p.a. on the positive balance of your Future Home Saver account with interest calculated daily, paid monthly
  • Accumulate up to $3,000 bonus interest at a fixed rate of 2.00% p.a. on the daily closing balance of your Future Home Saver account. You'll receive your bonus interest if you (or your joint account holder) apply for an eligible1 CommBank home loan directly with CommBank (not via a mortgage broker), your application is approved and we notify you that your home loan is ready to settle2
  • Bonus interest is non-compounding, which means interest is not paid on bonus interest as it accumulates.   

You can apply if you:

  • Are 18 years or older
  • Registered for NetBank
  • Have a valid email address so you can receive notices and account statements
  • Have an Australian residential address
  • Open the account in your personal name (not a company, trading or trust account)
  • Have an eligible CommBank transaction account – Smart Access, Complete Access, Streamline, Streamline Basic, Pensioner Security account, Everyday Offset account.

Support every step of the way

See how much you can afford to save towards your new home.

Savings calculator
Budget planner

Note: the Savings calculator doesn't include or calculate bonus interest

Save for a home without having to think about it.

Log on to NetBank

Head to our dedicated Home Buying hub for easy-to-use tools, expert guidance and market insights.

Home Buying hub
CommBank Property app

Ready to find, own and buy your home now?

1Excludes Equity Unlock Loan for seniors, Commonwealth Portfolio Loan, and all CommBank home loans purchased through a third-party broker, as well as all refinance and top up transactions using a CommBank home loan.

2An eligible CommBank home loan is considered ready to settle once the Bank is ready, in accordance with the terms and conditions set out in your loan agreement, to make the loan funds available to you for settlement of your home or land purchase or as otherwise agreed.

3Applications are subject to our standard credit approval process and other conditions may apply.

4If you're buying a home with a partner or friend who has their own Future Home Saver account or their own CommBank home loan, they won't be able to unlock their bonus interest if you do. You can merge Future Home Saver accounts but the bonus interest cap at the time of the merger will apply.

Things you should know:

The standard variable interest rate is current as at 24/07/2017 but is subject to change.

To open a Future Home Saver account in joint names, you must have a joint eligible CommBank transaction account in the same joint names.

Future Home Saver Bonus interest cannot be redeemed if you take up a CommBank home loan cashback offer. Bonus interest will stop accruing once the bonus interest cap of $3,000 is reached however standard interest will continue to apply. If your account is closed (by us or by you) before you redeem your bonus interest you'll forfeit any bonus interest that's accumulated to date. Please refer to the Future Home Saver account Terms and Conditions also available at any branch or by calling 13 2221. As this advice has been prepared without considering your objectives, financial situation or needs, you should before acting on the advice, consider its appropriateness to your circumstances. The Future Home Saver account is not associated with the proposed ‘First Home Super Saver Scheme’ that was announced in the Federal Budget on 9 May 2017 by the Australian Government. Commonwealth Bank of Australia ABN 48 123 123 124.