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About GoalSaver


  • Get a competitive ongoing variable bonus rate when you save regularly
  • 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 (earned on balances up to and including $100,000)
  • Interest calculated daily and paid monthly
  • Available for new and existing customers
  • No monthly account fees
  • No minimum balance to open the account. A maximum of two GoalSaver accounts per customer
  • Instant access to your money in branch, online or through phone banking
  • Access to BPAY®, International Money Transfer and bank cheques (in branch)
  • GoalSaver account is not a transaction account, therefore customers will not be able to set up scheduled withdrawals, BPAY, periodical payments or direct debits.

How to apply

  • 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

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

  • If you are 16 years or over
  • If you are opening the account in personal names (maximum of two applicants for joint accounts) and the account is for personal use
  • If you don’t have two or more GoalSaver accounts
  • 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.

Rates and 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

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Term Deposits

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Tips from the Academy of Saving

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Learn how to become a better saver with the Academy of Saving, a dedicated platform of practical saving tools and tips to help you reach your goals.

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Important information

*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.