The Commonwealth Bank is well known as one of Australia's Big Four banks and is the largest bank in the country. Being such a large bank, it offers several different types of savings accounts to suit a wide range of customers. Take a look at CommBank's accounts in the tables below.
The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
Want more interest on your savings?
Compare now and find a better rate.
We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.
The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
Looking for a better bank account?
Compare everyday accounts and find one that works harder for you.
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.
Lock in a great rate
Compare term deposits to grow your savings with confidence.
Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.
Your retirement money goes further in a versatile account that allows for free transactions as you earn interest on your balance.
If you’re a pensioner and a concession card holder the Commonwealth Bank Streamline Basic gives you a simple fee free approach to everyday banking.
With a Youthsaver Account, young Australians can begin now to build savings with bonus interest earned each month.
With a term deposit from Commonwealth Bank you get flexible terms and competitive interest rates that will help your savings to multiply.
The Commonwealth Bank NetBank Saver could be a convenient way to stockpile your savings without having to pay any fees.
With bonus interest paid as a reward for saving, you could reach your financial goals sooner.
Haw I deposit $70 to my TAB to NSW account
Hi Ahmed,
Are you referring to CommBank’s Albert Tab? If yes, it should already be connected to your CommBank Business Transaction and/or Savings Account.
You can call Albert Tab Support at 1800 230 177 for further assistance. They are open 24/7.
I hope this helps!
Thanks,
Alison
Hi,
I would like to invest in Aust. Gov. Bonds to $150,000.
How do I go about this?
Thanks,
Bob
Hi Bob,
There are a number of ways to invest in bonds. You can learn how to invest in bonds via our guide, “How do you invest in the bond market?”
Before you invest, we’d suggest speaking to a financial adviser who can offer you some personal advice on your investment.
Thanks,
Alison
What the highest interest rate on $100,000 pa?
Hi Michael,
Thanks for your question.
If you are looking at investing with Commonwealth Bank Goal Saver Account, the maximum variable rate you can get with your $100,000 investment is 1.85% p.a. Though you must meet the condition of depositing $200 each month and making no more than one withdrawal per month so that you earn the maximum or bonus interest rate.
Cheers,
May
Hi Judi,
Thanks for your question.
Please note that there are penalties when you withdraw from your term deposit account. You can check our guide on term deposit penalties for more information.
Cheers,
Anndy
What is the best interest rate for 100000, to meet deeming requirements by Centrelink?
Hi Mary,
Thanks for your question.
Please note that if your investment return is higher than the deemed income Centrelink calculates, the extra income doesn’t count towards your assessable income for your income support payment.
At the time of writing, Commonwealth Bank is offering a pensioner security account. It’s offering 2.50% on balances over $48,600.
The Netbank saver is offering up to 2.80% p.a.
If you would like to compare alternatives, please check high-interest savings accounts.
Regards,
Joshua