ANZ vs CommBank bank accounts
We've compared the bank accounts, savings accounts and term deposits offered by both Commonwealth Bank and ANZ.
What products do you want to compare?
ANZ vs CBA bank accounts
2 of 2 results
Compare other products
How we picked these
Finder Score for bank accounts
We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.
The CommBank Smart Access Account will waive the $4 monthly account fee if you're under 30 or deposit at least $2,000 each month. The ANZ Access Advantage Account will waive the $5 monthly account fee if you deposit $2,000 a month.
Both banks also offer special transaction accounts for pensioners and retirees, including the ANZ Pensioner Advantage Account and the CommBank Pensioner Security Account.
ANZ also offers ANZ Plus, which is another everyday account and savings account bundle that's exclusively available via the ANZ Plus app. This account has no monthly fees, and features different spending tools.
Our expert says
"I didn't choose between ANZ and CBA - I bank with both of them. In fact, I have accounts with 5 different banks. I spread my accounts (home loans, credit cards and savings) across multiple banks to spread my risk. If I ever get scammed or hacked, I don't have my entire financial situation tied up with one bank so it will be easier to manage. I also prefer to stay loyal to the best deal for me personally, rather than being loyal to any single bank. "
ANZ vs CBA savings accounts
High interest bonus savings accounts
These savings accounts offer a higher bonus interest rate each month you meet the account conditions.
| ANZ Progress Saver | CommBank Goal Saver Account | |
|---|---|---|
| Maximum interest rate | 5% p.a. | |
| Standard variable rate | 0.01% p.a. | 0.1% p.a. |
| Bonus interest rate | 3.74% p.a. | 4.9% p.a. |
| Bonus interest conditions | Earn bonus interest each month you make a single deposit of $10 or more, and no withdrawals. | Earn bonus interest each month you deposit $0.01 or more and make no withdrawals. |
| Account-keeping fees | None | None |
| Minimum balance required | None | None |
| Linked account required | Yes - you need to link to an ANZ bank account | Yes - you need to link to a CBA bank account |
| Account access | Internet banking and mobile banking app | Internet banking and mobile banking app |
Introductory saver accounts (honeymoon savers)
Both banks also offer an introductory saver account, too. These accounts offer a bonus interest rate for the first few months after opening the account, which is then reduced to the standard ongoing variable rate after the 'honeymoon' period is over.
| ANZ Online Saver | CommBank NetBank Saver | |
|---|---|---|
| Introductory interest rate | 1.35% for the first 3 months | 5.2% for the first 5 months. |
| Standard variable rate | 1.35% | 2.1% |
| Conditions to achieve bonus rate | New account holders will earn the bonus rate for the first 3 months. No deposit conditions to meet. | New account holders will earn the bonus rate for the first 5 months. No deposit conditions to meet. |
| Monthly account fees | No | No |
Want to compare more options? Compare 180+ savings accounts on Finder.
ANZ vs CBA Term deposits
Term deposits provide safe and consistent returns on the money you invest. They allow you to deposit your money for a set time period and earn a fixed interest rate, however your money is locked for the duration of the term length.
Both ANZ and Commonwealth Bank offer term deposit accounts with terms ranging from 1 month through to 5 years. The interest rates on offer vary depending on the term you choose, as you can see in the table below.
Compare other products
How we picked these
Finder Score for term deposits
Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.
Want to keep comparing ANZ and CBA accounts? See the full list of ANZ accounts and CBA accounts on Finder, including kids and business accounts.
Sources
More resources on Finder
Ask a question
6 Responses
More guides on Finder
-
Up Everyday Account Review
Find out what you need to know about new digital bank Up, including its innovative savings and transaction accounts.
-
How to open an Australian bank account
Having a local bank account makes an international student's life easier and even saves them money.
-
Banks with PayID and Osko payments
Does your bank offer real-time payments using Osko and PayID? Find out below.
-
Best debit cards 2026
Whether you’re travelling overseas or just want easy access to your funds, here’s how to find the best debit card to suit your needs.
-
How to open a trust account
Want to open a trust account to provide for your child or grandchild’s financial future? Here’s what you need to know.
-
Kids debit cards
Support your child's financial knowledge and teach important real-life money skills in a safe and controlled way with a kids debit card.
-
Bank accounts with no ATM fees
Find out which bank accounts let you withdraw from ATMs for free.
-
9 reasons your debit card may have declined
Debit card declined? Here are 9 of the most common reasons for your debit card declining and how to fix it.
-
Best bank accounts in Australia October 2026
The best bank account will help you manage your everyday spending with low fees and easy access to your money. Check out our Top Picks curated by experts.
-
What’s the best student bank account in Australia?
Get the right bank account for you and take advantage of student offers to cut fees and maximise perks.
We are looking at ANZ progressive savings a/c versus Comm. Bank goal savers a/c .
Are these accounts available to have within a super account?.
We are retired and in pension mode. Which is best?Thanks.
Hi Elizabeth, both the ANZ Progress Saver account and the CommBank Goal Saver account are only available for personal use and cannot be opened as part of your super/SMSF.
At the moment I am signing for a loan request to build a house. I told the broker I’m taking a home loan for $ 480000. He advised me to go with Comm Bank with 3.84% interest rate. I looked at ANZ bank and the interest rate is 3.75%. Why did my broker told me to go to CommBank?
Hi Donna,
Thanks for getting in touch with Finder. I hope all is well with you. 😃
While I might not be able to specifically tell you why your broker chose CommbBank over ANZ, there might be other factors that he considered. He might have considered factors such as ongoing fees, application fees, features, and others.
What I can suggest is for you to directly speak to your mortgage broker and discuss your concern with him/her.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
I need to open a bank account – Do I need to go into the bank for this or is there an alternate way to do this?
Hi Quentin,
Thanks for getting in touch.
To open a bank account, you can do this online or visit a branch near you.
You can also check our guide in opening a bank account online. On the page is a comparison table you can use to see which account suits you. If you prefer to open an online account, press the “Go to site” button of your preferred bank to get started.
Hope this clarifies.
Regards,
Nikki