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Why save with CommBank?

Bonus interest rate

Earn bonus interest when you grow your balance by at least $200 by the end of the calendar month and make no more than one withdrawal in that 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 2.70% p.a.* interest rate on balances up to and including $100,000 with interest calculated daily and paid monthly
  • To qualify, you need to increase the closing account balance by at least $200 (excluding interest earned on the account) by the end of the calendar month, with no more than one withdrawal in that month
  • The standard rate of 0.01% p.a. applies on the portion of the balance over $100,000 and/or if the above conditions are not met.

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 two or more GoalSaver accounts.

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

*To be eligible for bonus interest, the closing balance of the GoalSaver account on the last day of the calendar month (or day prior to the day the account is closed) must be at least $200 higher (excluding interest earned on the account) than the opening balance on the first day of the same month, with no more than 1 withdrawal in the same period. The standard variable rate of 0.01% p.a. will apply on any portion of the balance over $100,000. These rates are current as at 22 December 2015 but are subject to change at the Bank’s discretion.

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 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.