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With so much to save for, it pays to get the savings account that works for you. From a high earning online savings account, to an account that rewards you for being a good saver, or a good old-fashioned term deposit, it's all there. If you'd like to see all your options, read on.
NetBank Saver
Give your savings a fuel-injected boost with NetBank Saver, a flexible, high interest online savings account that makes it easier than ever to save.* It allows you to earn high interest with as little as $1!
Even better, there are no bank fees, no fixed terms and no limits on withdrawals. And to give your savings the biggest boost possible, interest is calculated daily on every dollar.
NetBank Saver is the perfect way to put some muscle on your savings and reach your goals sooner. Check it out:
- No minimum opening balance.
- No bank fees.
- Instant funds transfer to and from your linked Streamline account (so no hanging around waiting for your funds to 'clear').
- Interest calculated daily on balances of $1 or more.
- No limit on withdrawals.
- No fixed term.
- Regular Savings Plan (see the section on our AwardSaver account.)
- Security for your savings.
- 24 hour, 7 day access.
Check out the current NetBank Saver rate now.
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To set up a NetBank Saver account
- If you want to talk to someone about your options before you apply, call us on 13 2221, 24 hours a day, 7 days a week.
- Apply now.
*Interest rate is subject to change.
Click here for important information.
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AwardSaver
An AwardSaver account not only helps you save, but also rewards you for saving. Think of it as turbo-charging your savings.
Here's how it works. For each calendar month where you make at least one deposit and no withdrawals, you'll receive bonus interest on top of the standard interest rate.
- Help grow your savings faster by starting a Regular Savings Plan. Have an amount of your choice automatically transferred to your AwardSaver account on a regular basis. And because you can change the plan over the phone, you won't feel 'locked in'.
- Also, the minimum opening balance of $100 is reduced to $1 if you set up a Regular Savings Plan when you open your account.
- Link your AwardSaver to your Commonwealth Bank Keycard or credit card for convenient one card banking.
- Use Telephone Banking and NetBank for control and to access your funds 24 hours a day, 7 days a week.
- Worldwide access to your money through one of the largest ATM and EFTPOS networks in the world - the Maestro and Cirrus networks.
Check out the current AwardSaver rate now.
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To get saving with an AwardSaver account
- Apply now.
- Or call us on 13 2221, 24 hours a day, 7 days a week.
Click here for important information.
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Term Deposits
Got more than $5,000 in savings? Don't need instant access to your money? Could you do with a bit of forced discipline? Then stick it in a Commonwealth Bank Term Deposit for a guaranteed fixed rate of return.
A term deposit is a competitive, low risk investment that is ideal for saving towards bigger things like a car or a deposit for a house. The interest rate is so good, you could even use your term deposit as a source of regular income.
With a Commonwealth Bank Term Deposit you can:
- Open an account directly with $5,000 or more.
- Select the term of your deposit - from a few months to a few years.
- Enjoy the security of a guaranteed rate of return for the term of your investment.
- Choose from a total of five interest options (see below).
- Set up your account online (standard and compound interest options only).
Interest options explained
- 4 Weekly - Paid every 28 days and/or at maturity.
- 6 Monthly - Paid every 6 months and/or at maturity.
- Compound Six Monthly - Added to your Term Deposit every 6 months and/or at maturity.
- Annual - Paid every 12 months and/or at maturity.
- Compound Annual - Added to your Term Deposit every 12 months and/or at maturity.
Check out our current Term Deposit rates now.
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To open a Term Deposit
- Apply now and take advantage of our special Internet only rates.
- Or visit any Commonwealth Bank branch.
Click here for important information.
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