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.
How long is the 4.8% 9 month Term Interest available for ?
CommBank says that the special term deposit offer of 4.80% for 9 months is available for a “limited time”, but hasn’t specified a cut-off date. Once you’ve opened a term deposit, the rate is locked in for the duration. Note that there are other term deposits around paying higher than this, so it’s worth comparing term deposit options before locking your money in. Hope this helps.
with a $800.000 term deposit for 1 year how much can I earn
Hi Petrenella,
It depends if you meet the conditions of the bonus saver; if you do, you can earn 5.1% on a balance of up to $250,000. With a balance this high, your best bet might be to speak to CBA and see what your options are to spread your funds into different accounts and maximise your returns.
Hope this helps!
Does commbank accept OSKO payments ?
Yes, Commbank accepts OSKO payments. All the big-four banks – NAB, CommBank, ANZ and Westpac – use Osko.
I have 4 commonwealth accounts ,award saver ,goal saver ,complete access and a master card diamond ,which account is best to set up a direct debit from to pay for my new Telstra phone and plan from for next 2 years
Hi Amanda,
Thanks for contacting Finder.
We can not advise you on how to set up your direct debit payments. There are pros and cons to paying with a transaction account, savings account or a Diamond Awards credit card. One of the benefits of using your Diamond Awards card to pay recurring bills is that you will earn points, or con of using a savings account means you will have less money for interest to be earned.
I hope that helps.
Thanks
Raj
Can I find out which atm the cardless cash was withdrawn from my CBS account?
Hi Kate,
Sorry to hear that money was withdrawn from your account without your knowledge. For account-specific information, you will need to contact your card provider directly. You can call CommBank at 13 2221 from 6 am to 10 pm.
Thanks,
Alison
Hi Kate,
Sorry to hear that money was withdrawn from your account without your knowledge. For account-specific information, you will need to contact your card provider directly. You can call CommBank at 13 2221 from 6 am to 10 pm.
Best,
Alison