Help & support
Any interest earned on your bank accounts is part of your assessable income. It needs to be reported to the Australian Taxation Office (ATO).
We’re required by law to withhold tax if you don’t provide your TFN or TFN exemption.
Use your new BSB and account number to make a transfer in the CommBank app or NetBank. You can also schedule future or recurring transfers to deposit extra money into your savings on payday or automate regular payments.
Money Plan in the CommBank app helps you to manage your spending and saving.
Search for Money Plan in the app to get started.
Australia’s most popular banking app1
Life doesn’t limit you to just one dream, why should we limit you to one account?
Opening multiple savings accounts can help you bucket and save your money more easily. Whether it be for a house, a holiday or just in case.
CommBank provides a savings account for every type of saver.
Tips and tricks to help you reach your savings goals.
Enjoy a variable bonus rate when you grow your monthly savings in a GoalSaver or Youthsaver account.
Discover how to regularly save money, plan ahead & stay focused on your goals.
Monthly credit interest is based on the standard variable rate applied to your savings account. It’s calculated daily based on your positive account balance.
If you have a GoalSaver or Youthsaver account, you can earn bonus interest when you grow your balance each calendar month. This is additional interest on top of the standard variable rate. Both types of interest can help grow your savings, however, bonus interest offers could help your reach your savings goal quicker.
You can find your interest rate in the CommBank app or NetBank.
In the CommBank app:
In NetBank:
Make sure to check you’ve provided your Tax File Number (TFN) or TFN exemption. If you don’t provide your TFN or TFN exemption, we’re required by law to withhold tax.
You can find your statement in the CommBank app or NetBank. For more information, go to online statements.
In the CommBank app:
In NetBank:
1 Canstar 2025 Digital Banking Bank of the Year.
The target market for products can be found within the product’s Target Market Determination, available at commbank.com.au/tmd.
The CommBank app is free to download however your mobile network provider charges you for accessing data on your phone. The CommBank app is available on Android and iOS operating systems (minimum operating system version requirements may apply). Learn more at commbank.com.au/app.
Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Google Play is a trademark of Google Inc.
Electronic Banking Terms and Conditions (PDF) also apply to the CommBank app and NetBank.
This information has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances You should seek independent, professional tax advice before making any decision based on this information. Please view our Financial Services Guide (PDF).
Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945.
