In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert
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Commonwealth Bank Goal Saver Account

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Commonwealth Bank GoalSaver Account

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Maximum variable rate
4.90% p.a.
Base interest rate
Minimum deposit

Our verdict

This account offers bonus interest when you deposit at least $0.01 and grow your savings each month.

CBA’s Goal Saver account offers 4.9% each month you deposit at least $0.01 and grow your savings balance. This is a lower interest rate compared to the highest rate accounts on the market which offer higher interest rates.

However, CommBank has one of the best mobile banking apps in Australia which could be a big benefit of this account if you like to manage your money on the go. The app can help you budget and save by splitting your transactions into spending categories, helping you find benefits and rebates that you might be eligible for and reminding you of upcoming bills.


  • Earn ongoing interest rate of 4.90% p.a. if you meet the conditions
  • $0 monthly ongoing fee to pay


  • Not the highest rate in the market
  • Lower balances earn less interest

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert

The Commonwealth Bank Goal Saver Account pays bonus interest when you meet the monthly deposit conditions and make no withdrawals from the account. As you're restricted from making withdrawals, it could motivate you to keep saving instead of making impulse purchases.


Key details

Product Name Commonwealth Bank GoalSaver Account
Maximum Variable Rate 4.90% p.a.
Standard Variable Rate 0.40% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 18

Key features

No monthly fees

You pay no monthly maintenance fees with this account.

Maximum interest rate of 4.9%

The account has a standard variable rate of 0.4% and a variable bonus interest rate of 4.5% when you meet the account conditions. These rates are variable, meaning they can change at any time.

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How to apply

If that bonus interest is just the incentive you need to stick with a savings plan, you may apply for the Commonwealth Bank Goal Saver Account in just a few minutes by applying online. There are a few eligibility requirements for this account that you should ensure you can meet before going forward to the application page, and some documentation that you should have handy.


    • Minimum age. You can only apply for this account online if you are at least 18 years old.
    • Residency requirements. In order for your application to be accepted, you must have an Australian residential address.

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December 03, 2023

Is the goalsaver a/cc government guaranteed and for how much?


Angus Kidman Finder

December 03, 2023

Under the Financial Claims Scheme, for which Commonwealth Bank is a listed authorised deposit-taking institution (ADI), money held in savings accounts is protected up to a total of $250,000 (that’s a total across all accounts held with the specific bank). I hope this helps.



October 28, 2023

Hi, I want to confirm whether withdrawal voids the bonus interest.

A comment below stated:

“You would not qualify for bonus interest in this scenario because you made a withdrawal during the month – you only earn the bonus if no withdrawal is made. I hope this helps.”

but I can’t find it anywhere on the commbank websites or pds. Oddly, I was advised by commbank at a branch that it was a condition…

Does anyone know which is correct? Why isn’t it on the commbank websites/pds etc?

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Richard Whitten Finder

November 06, 2023

Thank you for flagging this. I have reviewed and updated the page’s information.



October 05, 2023

Let say, on the 1st of October my goalsaver account balance is $1000. During the month of October I put more money into the account. On the 30 October, my balance is $2000 and I withdraw $999. So at the end of October my balance is $1001 which is higher than at the beginning of the month. In this case am I eligible for the bonus interest? and is the bonus interest applied on the $999 that I withdraw?


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Angus Kidman Finder

October 05, 2023

You would not qualify for bonus interest in this scenario because you made a withdrawal during the month – you only earn the bonus if no withdrawal is made. I hope this helps.



October 04, 2023

How long does the bonus interest rate apply?


Shubham Pandey Finder

October 23, 2023

Hi Stephanie,

Thank you for your question.

For all balances, the Commonwealth GoalSaver offers a 4.65% maximum rate, as long as you make at least one deposit each month (at least $0.01) and have a higher balance at the end of the month than you did at the start.

I hope this helps.

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September 07, 2023

Hi there,

If I earned $200 on 31/8, can I withdraw all the $200 interest and deposit $1 on 1/9 and still enjoy the bonus interest at the end of September?


Raj Lal Finder

October 09, 2023

Hi Cindy,

You won’t earn the bonus interest for September because you made a withdrawal on the 1st September.



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