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
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How we picked theseHow 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?
Want more interest on your savings?
Compare now and find a better rate.
CommBank bank accounts
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseHow 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?
Looking for a better bank account?
Compare everyday accounts and find one that works harder for you.
CommBank term deposits
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We currently don't have that product, but here are others to consider:
How we picked theseFinder 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.
Lock in a great rate
Compare term deposits to grow your savings with confidence.
Pros and cons of banking with Commonwealth Bank
Pros
- Largest ATM network in Australia
- Highly rated mobile banking app with strong budgeting and savings tools
- Extensive branch network with more than 1,000 locations
- 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.
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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 .
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
Is it possible to get a card that has no fees no interest no frills and no Visa or MasterCard? My
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