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Saving for a holiday

Whether it’s a short break or the trip of a lifetime, careful saving is essential to ensure your holiday is as affordable as it is unforgettable. 

Saving for a trip of any size or expense takes discipline. But it all becomes worth it when you finally fly away. A high-interest savings account can help you reach your goal sooner. You can make regular monthly deposits into it and save smaller windfalls like tax returns, bonuses and gift money. A good spring clean can also help. Raise extra cash by selling unwanted items on eBay or Trading Post. It could be enough to fund a memorable holiday moment.

Find the right savings account

  • NetBank Saver is a high interest savings account with a great intro rate for new customers and instant access to your money 24/7
  • GoalSaver rewards you for saving regularly with a great variable bonus rate
  • Compare accounts 

Finance your trip with a personal loan

  • A personal loan is a quick option way to get the money you need for your holiday
  • Borrow from $5,000 up to a maximum of $50,000
  • Apply now and you’ll get a response in 60 seconds
  • If you apply before noon, Monday to Friday, and are approved, you could get access to the funds the same day*
  • Choose from a fixed rate or variable rate

Without careful planning, your hard-earned savings can disappear in a matter of days. Research your destinations, and consult well-respected guides such as Lonely Planet to understand some estimated costs.

Factor in accommodation, meals, side trips, flights and shopping. More importantly, set a daily allowance to live on. Careful budgeting ensures you won't blow out and start to live beyond your means.

A month or two before your trip, try to manage on a lower income. Cut back your spending, cook your meals and entertain friends at your home instead of meeting at restaurants.

Try our budget planner

  • A realistic budget makes it easier to achieve your savings goals and puts you in control of your finances
  • Our budget planner can help you create a budget
  • You may also want to see our tips on budgeting

Credit cards

  • A Gold or Platinum Awards credit card gives you free comprehensive travel insurance and free travel accident insurance up to $250,000 for your trip (conditions apply)
  • More credit cards

Debit MasterCard® or Keycard

  • Debit MasterCard® lets you access your money anywhere MasterCard® is accepted, at over 32 million locations worldwide
  • CommBank keycard gives you direct access to your funds in over 80 countries through the Maestro and Cirrus electronic networks


  • Manage your accounts online while you travel
  • View and pay bills using BPAY® and BPAY ViewTM worldwide
  • Register for NetBank

Travel Money Card and foreign cash

It's called "peak season" for a reason. Everyone wants to travel at that time. Consider booking on shoulder or low seasons. It will be cheaper and often you can save thousands by moving your dates by just one or two weeks.

Backpackers and travellers you meet on the road are the best source of information. They know the inside track, which buses to catch, where to stay and cheap places to eat. Ask around and follow some sure fire rules: book accommodation with breakfast included, take bus trips which include meals, travel through the night so as to save on accommodation and share meal costs with new friends.

Keep reading

Saving for a marriage

Beginning married life drowning in money worries is not a great start, so have a look at our tips on how to get your big day without the big bills.

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Saving for a car

When saving for a new car, you will want to know how much you can reasonably save each month and how long it will take until you have the money you need. 

Learn more

Saving for a home

Saving for what is probably the biggest purchase you’ll ever make is daunting, so getting some guidance is essential.

Learn more

Related products

Reach your savings goals faster thanks to a great variable rate.

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Find out more about which credit card is right for you.

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Whether you're looking to buy a car, manage debt or take care of an emergency, we have a personal loan to suit.

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A high-interest online savings account that links to your CommBank transaction account.

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Important information

*Apply before noon Monday to Friday, and if you’re approved, we’ll give you access to your loan that day. Unavailable for secured loans, when a guarantor is required, if an application is incomplete or needs to be referred for a more detailed review by a lending specialist, if required documentation isn’t provided and subject to system availability.

Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions will be included in the loan offer. Fees and charges are payable

The advice on this website has been prepared without considering your objectives, financial situation or needs. Before acting on the advice, 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.

CommInsure is a registered business name of Commonwealth Insurance Limited (CIL) ABN 96 067 524 216 AFSL 235030, a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia.