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Why save with CommBank?

Bonus interest rate

Earn bonus interest when you deposit at least $200 and make no withdrawals in the calendar month. Learn more about rates and fees.

Easy access

Instant access to your money in branch, through telephone banking or in NetBank and the CommBank app.

Tools to help you save

See how much you can save with our savings calculator, and set goals and schedule transfers in NetBank.

Ready to open your GoalSaver account?

or

Already a customer banking online with us?

Save time by using your NetBank details.

Open in NetBank

New customer or don't bank online with us?

Open now

or

  • No monthly account fees
  • Earn up to a 2.50%* p.a. variable interest rate on balances less than $1,000,000 with interest calculated daily and paid monthly
  • To qualify, you need to deposit at least $200 (excluding interest and bank initiated transaction) and make no withdrawals each calendar month
  • The standard rate of 0.01% p.a. applies on the portion of the balances $1,000,000 and over and/or if the above conditions are not met.

Balance

Standard Variable Rate

Bonus Interest#

With Bonus Interest

Less than $50,000

0.01%

1.64%

1.65%

$50,000 - $249,999

0.01%

1.99%

2.00%

$250,000 - $999,999

0.01%

2.49%

2.50%

$1,000,000 and over

0.01%

Nil

0.01%

N/A
N/A

# Interest is paid on the portion of the balance that falls within each band.

What you need

  • 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.

You may also need (if applicable)

Your NetBank Client Number (if you're a NetBank customer).

  • If you are older than 18 years of age
  • If you are opening the account in a personal name (maximum of two applicants for joint accounts) and it's for personal use
  • If you don’t have an existing GoalSaver account.

There is no minimum balance to open the account.

  • Applications for accounts where funds are held in trust cannot be accepted online
  • If you wish to open a trust account, please apply at any branch

If you have questions or can’t apply online, call 13 2221 anytime.

or

Already a customer banking online with us?

Save time by using your NetBank details.

Open in NetBank

New customer or don't bank online with us?

Open now

or

Academy of saving

Savings tips and guides

Whether you want to save for a holiday, car, home deposit or rainy day, our Academy of Saving shows you how to reach your goals – from creating a budget and managing your income to keeping yourself motivated to save.

Find more ways to save

Things you should know

*These rates are current as at 24 October 2017 but are subject to change at the Bank’s discretion.

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). Full terms and conditions for the transaction and savings accounts mentioned are available here (PDF 660KB) or from any branch of the Commonwealth Bank.