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Get the basics right

Why saving matters

Learning how to save for now and the future is one of the most important steps you can take towards financial freedom.

Why should you save

Assess your situation

Creating a budget defines your financial position, incorporates your goals and lays out the road map to reaching them.

Create a budget

Why a savings account

Setting up a savings account is an important step in reaching your savings goal.

Learn about savings accounts


2 .50 %P.A.

Variable bonus rate*

Our GoalSaver account rewards you with bonus interest, to help you reach your savings goal sooner.

Simply deposit at least $200 a month (excluding interest and bank initiated transactions) and make no withdrawals per month, to earn up to 2.50% p.a. on balances less than $1,000,000.

  • Ongoing bonus rate, currently up to 2.49% p.a.*, 
when you meet eligibility criteria
  • $0 account fees
  • Interest calculated daily and paid monthly
 so you earn more
  • No minimum balance necessary
  • Enjoy instant access to your money in
branch, online or through phone banking


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?

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Savings goals

Creating achievable savings goals

Having a goal in sight and a plan to get there will help to keep you on track with your savings.

Set a savings goal

Calculate your savings

Use our savings calculator to quickly find out how much you could save, how long it would take and how much you'll need to save every month to reach your savings goal.

Use our savings calculator

Saving together

Merging your money is a big decision, but our simple steps can make sure it goes smoothly.

Learn more

Saving for a holiday

Whether it’s a short break or the trip of a lifetime, careful saving is essential to make it unforgettable.

Learn more

Saving for a car

Everyone needs to get from A to B. With our tips for saving for a car, you'll be able to get behind the wheel sooner.

Learn more

Keep yourself on track

Practical everyday savings tips

Not sure if you can afford to save? By forming good savings habits, and following our tips, you can make a good start on your savings journey.

Savings tips

Make your money work harder

Making your money go further isn’t as hard as you might think, it just requires a little planning and some careful discipline.

Get financially fit

Things you should know

*Interest is paid on the portion of the balance that falls within each balance band. The standard variable rate of 0.01% p.a. will apply on any portion of the balance $1,000,000 and over. These rates are current as at 24 October 2017 but are subject to change at the Bank's discretion. A maximum of one (1) GoalSaver account per customer can be opened.

The information on this website has been prepared without considering your objectives, financial situation or needs. Before acting on the information, please consider its appropriateness to your circumstances. Please view our Financial Services Guide. Terms and conditions for the transaction, savings, Term Deposit and investment accounts mentioned are available online or from any branch of the Commonwealth Bank.

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