Commonwealth Bank savings and bank accounts

CommBank offers a range of different savings accounts, including a bonus saver and a youth saver as well as everyday bank accounts and a term deposit.

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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.

CommBank savings accounts, bank accounts and term deposits

CommBank savings accounts

Finder Score Maximum interest rate Base interest rate Max rate type & duration Monthly Max Rate Conditions Table Description
Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
5.2%
Standard Variable Rate p.a.
2.1%
Intro/Ongoing
5 month intro rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • New accounts only
View details
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Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
5.05%
Standard Variable Rate p.a.
2.15%
Intro/Ongoing
Ongoing rate
(conditions apply)
Monthly Max Rate Conditions
  • Make at least $1 deposit
  • Grow balance
  • Balance $0 to $50,000
  • Age under 18
View details
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Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
5%
Standard Variable Rate p.a.
0.1%
Intro/Ongoing
Ongoing rate
(conditions apply)
Monthly Max Rate Conditions
  • At least 1 deposit
  • Grow balance
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Commonwealth Bank logo
Finder score
Commonwealth Bank Capital Growth Account
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Maximum Variable Rate p.a.
4%
Standard Variable Rate p.a.
4%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Notice period: 7 days
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Commonwealth Bank logo
Finder score
Commonwealth Bank Capital Growth Account
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Maximum Variable Rate p.a.
3.25%
Standard Variable Rate p.a.
3.25%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Notice period: 48 hours
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Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
2.85%
Standard Variable Rate p.a.
2.85%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance from $250,000
  • Age 55+
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Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
2.35%
Standard Variable Rate p.a.
2.35%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance $50,000 to $249,999
  • Age 55+
View details
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Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
2.15%
Standard Variable Rate p.a.
2.15%
Intro/Ongoing
Ongoing rate
(conditions apply)
Monthly Max Rate Conditions
  • Balance from $50,001
View details
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Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
1.85%
Standard Variable Rate p.a.
1.85%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance $10,000 to $49,999
  • Age 55+
View details
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Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
1.3%
Standard Variable Rate p.a.
1.3%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • Balance from $1,000,000
View details
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Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
1.1%
Standard Variable Rate p.a.
1.1%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • Balance $250,000 to $999,999
View details
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Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
0.7%
Standard Variable Rate p.a.
0.7%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • Balance $50,000 to $249,999
View details
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Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
0.4%
Standard Variable Rate p.a.
0.4%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • Balance $1 to $49,999
View details
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Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
0.05%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance $1 to $9,999
  • Age 55+
View details
Compare product selection
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Showing 14 of 14 results

How the Finder Score helps you find a better savings account

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?

Read the full breakdown

Want more interest on your savings?

Compare now and find a better rate.

CommBank bank accounts

10 of 10 results
Finder Score Monthly fee Own network ATM fee International transaction fee International ATM Fee
Commonwealth Bank logo
Finder score
Finder score
Monthly fee
$10
Own network ATM fee
$0
International transaction fee
3.5%
$5 + 3.5%
View details
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Commonwealth Bank logo
Finder score
Commonwealth Bank Smart Access
Apple PayGoogle PaySamsung PayGarmin Pay
Finder score
Monthly fee
$4
Own network ATM fee
$0
International transaction fee
3.5%
$5
View details
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Commonwealth Bank logo
Finder score
Kit Transaction Account
Apple Pay Google Pay
Finder score
Monthly fee
$0
Own network ATM fee
$0
International transaction fee
N/A
View details
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Commonwealth Bank logo
Finder score
Commonwealth Bank Everyday Account Smart Access for students
Apple PayGoogle PaySamsung PayGarmin Pay
Finder score
Monthly fee
$4
Own network ATM fee
$0
International transaction fee
3.5%
$5 + 3.5%
View details
Compare product selection
Commonwealth Bank logo
Finder score
Commonwealth Bank Smart Access Account for Youth
Apple Pay Google Pay Samsung Pay Garmin Pay
Finder score
Monthly fee
$0
Own network ATM fee
$0
International transaction fee
3.5%
$5 + 3.5%
View details
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Commonwealth Bank logo
Finder score
Commonwealth Bank Foreign Currency Account
Apple Pay Google Pay Samsung Pay Garmin Pay14 currencies
Finder score
Monthly fee
$0
Own network ATM fee
International transaction fee
N/A
View details
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Commonwealth Bank logo
Finder score
Commonwealth Bank Pensioner Security Account
Apple PayGoogle PaySamsung PayGarmin Pay
Finder score
Monthly fee
$0
Own network ATM fee
$0
International transaction fee
3.5%
$5 + 3.5%
View details
Compare product selection
Commonwealth Bank logo
Finder score
Commonwealth Bank Business Transaction Account
Apple PayGoogle PaySamsung PayGarmin Pay
Finder score
Monthly fee
$0
Own network ATM fee
$0
International transaction fee
3.5%
$5 + 5%
View details
Compare product selection
Commonwealth Bank logo
Finder score
Commonwealth Society Cheque Account
Apple Pay Google Pay Samsung Pay Garmin Pay
Finder score
Monthly fee
$0
Own network ATM fee
$0
International transaction fee
3.5%
N/A
View details
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Commonwealth Bank logo
Finder score
Commonwealth Bank Streamline Basic
Apple Pay Google Pay Samsung Pay Garmin Pay
Finder score
Monthly fee
$0
Own network ATM fee
$0
International transaction fee
3.5%
$5 + 3.5%
View details
Compare product selection
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Showing 10 of 10 results

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.

Read the full methodology

CommBank cash investment accounts

Finder Score Maximum interest rate Base interest rate Max rate type & duration Monthly Max Rate Conditions Table Description
Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
2.75%
Standard Variable Rate p.a.
2.75%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance from $1,000,000
View details
Compare product selection
Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
2.75%
Standard Variable Rate p.a.
2.75%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance $50,000 to $249,999
View details
Compare product selection
Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
2.75%
Standard Variable Rate p.a.
2.75%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance $250,000 to $999,999
View details
Compare product selection
Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
2.45%
Standard Variable Rate p.a.
2.45%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance from $1,000,000
View details
Compare product selection
Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
1.9%
Standard Variable Rate p.a.
1.9%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance $0 to $49,999
View details
Compare product selection
Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
1.8%
Standard Variable Rate p.a.
1.8%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance $250,000 to $999,999
View details
Compare product selection
Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
1.4%
Standard Variable Rate p.a.
1.4%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance $50,000 to $249,999
View details
Compare product selection
Commonwealth Bank logo
Finder score
Commonwealth Bank Farm Management Deposit Account (At call)
Finder score
Maximum Variable Rate p.a.
1.35%
Standard Variable Rate p.a.
1.35%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance $100,000 to $800,000
View details
Compare product selection
Commonwealth Bank logo
Finder score
Commonwealth Bank Farm Management Deposit Account (At call)
Finder score
Maximum Variable Rate p.a.
0.75%
Standard Variable Rate p.a.
0.75%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance $30,000 to $99,999
View details
Compare product selection
Commonwealth Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
0.65%
Standard Variable Rate p.a.
0.65%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance $0 to $49,999
View details
Compare product selection
Commonwealth Bank logo
Finder score
Commonwealth Bank Farm Management Deposit Account (At call)
Finder score
Maximum Variable Rate p.a.
0.01%
Standard Variable Rate p.a.
0.01%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance $1,000 to $29,999
View details
Compare product selection
Commonwealth Bank logo
Finder score
Commonwealth Bank Farm Management Deposit Account (At call)
Finder score
Maximum Variable Rate p.a.
Standard Variable Rate p.a.
0%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance $0 to $999
View details
Compare product selection
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Showing 12 of 12 results

How the Finder Score helps you find a better savings account

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?

Read the full breakdown

Looking for a better bank account?

Compare everyday accounts and find one that works harder for you.

CommBank term deposits

Finder Score 3 Mths p.a. 6 Mths p.a. 10 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Commonwealth Bank logo
Commonwealth Bank Farm Management Deposit Account - Fixed term
$1,000 min. deposit
$800,000 max. deposit
3 Mths p.a.
4.25%
6 Mths p.a.
4.80%
10 Mths p.a.
-
12 Mths p.a.
5.10%
24 Mths p.a.
5.00%
View details
Compare product selection
Commonwealth Bank logo
3 Mths p.a.
3.40%
6 Mths p.a.
3.55%
10 Mths p.a.
4.05%
12 Mths p.a.
5.00%
24 Mths p.a.
4.50%
View details
Compare product selection
Commonwealth Bank logo
Commonwealth Bank Business Investment Account - $2,000,000+
$5,000 min. deposit
3 Mths p.a.
3.40%
6 Mths p.a.
3.55%
10 Mths p.a.
4.05%
12 Mths p.a.
5.00%
24 Mths p.a.
4.50%
View details
Compare product selection
Commonwealth Bank logo
Commonwealth Bank Term Deposit - $50000+
$50,000 min. deposit
$5,000,000 max. deposit
3 Mths p.a.
3.35%
6 Mths p.a.
3.50%
10 Mths p.a.
3.70%
12 Mths p.a.
4.75%
24 Mths p.a.
5.00%
Special rate: 5.30% p.a. fixed rate term deposit for 12 months. T&Cs apply.
View details
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Commonwealth Bank logo
Commonwealth Bank Term Deposit - $5,000 to $49,999
$5,000 min. deposit
$49,999 max. deposit
3 Mths p.a.
3.30%
6 Mths p.a.
3.45%
10 Mths p.a.
3.65%
12 Mths p.a.
4.75%
24 Mths p.a.
4.95%
Special rate: 5.30% p.a. fixed rate term deposit for 12 months. T&Cs apply.
View details
Compare product selection
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Showing 5 of 5 results

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.

Read the full methodology

.

Lock in a great rate

Compare term deposits to grow your savings with confidence.

Pros and cons of banking with Commonwealth Bank

Pros

  • Extensive ATM network across Australia
  • Highly rated mobile banking app with strong budgeting and savings tools
  • Extensive branch network across Australia
  • 24/7 Australian-based customer support
  • Wide range of accounts and products for different customer needs
  • Multiple banking options including branches, ATMs, online banking, mobile app, Bank@Post and digital wallets

Cons

  • Monthly account-keeping fees on transaction accounts unless deposit conditions are met
  • Savings interest rates are generally less competitive than smaller banks and credit unions

How to apply for a Commbank savings account

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.

Compare other products from Commonwealth Bank

Sources

Alison Banney's headshot
Written by

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full bio

Alison's expertise
Alison has written 648 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
  • Budgeting and money-saving hacks
  • Managing the cost of living

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24 Responses

    Naomi's avatar
    NaomiDecember 9, 2015

    I need to access my bank account online and I don’t know my account details . How do I get access to it because my step mother holds my bank card .

      Shirley Liu's headshotFinder
      ShirleyDecember 9, 2015Finder

      Hi Naomi,

      Thanks for your question.

      In this case it’s best to call CommBank directly so they can verify your identity over the phone. You can also let them know about your stepmother holding your debit card so they can issue you a new one and block the other.

      Cheers,
      Shirley

    Jon's avatar
    JonNovember 6, 2015

    Is it possible to get a card that has no fees no interest no frills and no Visa or MasterCard? My

      Shirley Liu's headshotFinder
      ShirleyNovember 6, 2015Finder

      Hi Jon,

      Thanks for your question.

      Unfortunately this is not possible with CBA. All transaction accounts come with a linked Mastercard or Cirrus card.

      Cheers,
      Shirley

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