Commonwealth Bank Business Online Saver

Earn interest on your business savings balance while paying no fees.

The Commonwealth Bank Business Online Saver is a flexible savings account designed to give you total access to your funds, while still paying you interest on your balance. There are no minimum deposit requirements to meet or monthly fees to pay with this savings account. However, you need to maintain a balance over $10,000 to earn interest.

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0.01% p.a.

Maximum variable rate

0.01%p.a.

Base interest rate

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Details

Product NameCommonwealth Bank Business Online Saver
Maximum Variable Rate0.01% p.a.
Standard Variable Rate0.01%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18
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Review by


Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

This account doesn't charge a monthly fee and provides instant access to your funds with online and phone banking.

Key features

No fees

You will not be charged any monthly account keeping or maintenance fees for the Business Online Saver.

Earned interest

You will earn a competitive rate of interest on balances that are over $10,000. Balances less than this will earn no interest.


How to apply

Eligibility

Applying for the Commonwealth Bank Business Online Saver can be done from the comfort of your office chair. You can start an online secure application by visiting their website which you can fill out in your spare time. Before you get started, make sure that you and your business are eligible for this account:

  • Minimum age. Applicants for the Business Online Saver must be at least 18 years of age.
  • Residency requirements. The business that this account is serving must be registered in Australia.

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8 Comments

    Default Gravatar
    Nadia
    April 5, 2018

    Hi What the commonwealth credit card fee are?

      Avatarfinder Customer Care
      Jeni
      April 5, 2018

      Hi Nadia,

      Thank you for getting in touch with Finder.

      You may refer to our list of CommBank credit cards. Our review page includes rates, fees, and other information that you need to know about credit cards this bank offers. If you would like to apply, you may then click on the “Go to site” button and you will be redirected to the CommBank’s website where you can proceed with the application or get in touch with their representatives for further enquiries.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

    Default Gravatar
    ian
    June 2, 2016

    how long is it before you start paying interest on the card

      Avatarfinder Customer Care
      Shirley
      June 3, 2016

      Hi Ian,

      Thanks for your question.

      I think you have had this product confused with another, as this is a savings account and doesn’t charge the account holder interest.

      You may wish to compare Commonwealth Bank savings accounts.

      Regards,
      Shirley

    Default Gravatar
    pat
    February 16, 2016

    i want to SPEAK to someone about transferring my business account with a 100,000.00 (today, it varies)balance to a account that will pay me interest whilst I continue to operate it with paying my creditors and wages etc and receiving my payments
    Pat

      Avatarfinder Customer Care
      Shirley
      February 17, 2016

      Hi Pat,

      Thanks for your question.

      CommBank is available on 13 22 21 to speak to you about your business needs.

      All the best.

    Default Gravatar
    ponoaperahama
    January 12, 2016

    Need money fast please to buy me a car like a ford focus and iphone 6 plus.

      Avatarfinder Customer Care
      Shirley
      January 13, 2016

      Hi Ponoaperahama,

      Thanks for your question.

      The Commonwealth Bank does offer a series of personal loans that you can use to purchase a car or iPhone. You can refer to our review of the selection of Commonwealth Bank personal loans, including Fixed Rate Loans, Variable Rate Loans, Secured Car Loans, and Personal Overdrafts to find out the right loan for you.

      Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply for the loan.

      Cheers,
      Shirley

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