When is the Award Saver Bonus Interest calculated?
Last updated 04 February 2014
With Commonwealth Bank AwardSaver, standard and bonus interest is calculated on the daily balance and is credited quarterly on the first calendar day of March, June, September and December. To be eligible for bonus interest customer must have made at least 1 deposit and no withdrawals in that calendar month.
Bonus interest is not paid for the month in which the account is opened (unless the account is opened on the first business day of the month) or in the month the account is closed. Standard and bonus interest earned will display as separate items on account statements.