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  • Commonwealth Bank savings account reviews

    How are Commonwealth Bank savings accounts rated by the Mozo community?

    71%

    Overall Mozo Community rating: 7.1 out of 10

    Commonwealth Bank savings accounts

    Overall rating: 7.1 (1432 reviews)

    Last reviewed: 01 February 2012


    1. Overall customer rating
    1. Price
    1. Features
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    1. Trust

    Reviews: 4620

    Thumbs up: 3834 | Thumbs down: 784

    Featured savings account from Commonwealth Bank

    • NetBank Saver
    • special rate

      5.25%
    • account fee

      $0.00

    Other savings accounts

    • Online Saver
    • special rate

      6.00%
    • account fee

      $0.00
    • Go to site
       
    • UniSaver
    • account fee

      $0.00
    • minimum balance

      $0.00
    • Go to site
       

    Compare all savings accounts

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    Recent Commonwealth Bank savings account reviews

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    • good website expensive rates

        1. Overall customer rating
        2. (Reviewed 6 days ago)

      I do not use this bank anymore. Great website but $5.00 fees every month are too expensive.       Full review 

      I do not use this bank anymore. Great website but $5.00 fees every month are too expensive.


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      Commonwealth Bank NetBank Saver savings account reviewed by Suesan from Victoria

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        2. (Reviewed 10 days ago)

      I am quite happy with the Commonwealth as I switched from Suncorp, who charge for everything and anything to this bank with fees that are lower and more acceptable. I would definitely recommend the Commonwealth Bank       Full review 

      I am quite happy with the Commonwealth as I switched from Suncorp, who charge for everything and anything to this bank with fees that are lower and more acceptable. I would definitely recommend the Commonwealth Bank


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      Commonwealth Bank savings account reviewed by Carol from Queensland

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        2. (Reviewed 10 days ago)

      A good company to trust.       Full review 

      A good company to trust.


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      Commonwealth Bank savings account reviewed by Robert from Victoria

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        2. (Reviewed 10 days ago)

      The interest rates on the netbank saver are brilliant! It's great to finally see some credit for my savings!       Full review 

      The interest rates on the netbank saver are brilliant! It's great to finally see some credit for my savings!


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      Commonwealth Bank savings account reviewed by Karen from South Australia

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        2. (Reviewed 10 days ago)

      I find the local bank great to deal with. The staff are very friendly & as helpful as anyone could wish for. They often go out of their way to assist their customers which is very refreshing       Full review 

      I find the local bank great to deal with. The staff are very friendly & as helpful as anyone could wish for. They often go out of their way to assist their customers which is very refreshing


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      Commonwealth Bank savings account reviewed by Sue from New South Wales

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        1. Overall customer rating
        2. (Reviewed 10 days ago)

      i've been with this bank for the last 18 years and if if ever i am not content with them, i would have changed it for another bank. I have never experienced any discrepancies whatsoever with regards to my records, statements and billings. I can re...       Full review 

      i've been with this bank for the last 18 years and if if ever i am not content with them, i would have changed it for another bank. I have never experienced any discrepancies whatsoever with regards to my records, statements and billings. I can recommend it to anybody for them to try the bank for them to see.


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      Commonwealth Bank savings account reviewed by Evelyn martinac from New South Wales

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        2. (Reviewed 10 days ago)

      After having a bank account with the Commonwaelth and also some shares, when we applied for a house loan they did not even have the decency to get back to our mortgage broker, even though we have had property loans before and have always honoured ...       Full review 

      After having a bank account with the Commonwaelth and also some shares, when we applied for a house loan they did not even have the decency to get back to our mortgage broker, even though we have had property loans before and have always honoured our loans


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      Commonwealth Bank savings account reviewed by Faye from Queensland

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        1. Overall customer rating
        2. (Reviewed 10 days ago)

      If you like being abused by branch managers and staff for asking to close your account then go ahead, join Commonwealth!       Full review 

      If you like being abused by branch managers and staff for asking to close your account then go ahead, join Commonwealth!


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      Commonwealth Bank savings account reviewed by Lauren from New South Wales

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        1. Overall customer rating
        2. (Reviewed 10 days ago)

      There is no monthly fee. However, the interest is very low and inconsistent. I get different interest every month on the same amount of money. Sometimes less and sometimes more.       Full review 

      There is no monthly fee. However, the interest is very low and inconsistent. I get different interest every month on the same amount of money. Sometimes less and sometimes more.


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      Commonwealth Bank savings account reviewed by Shivani from New South Wales

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        1. Overall customer rating
        2. (Reviewed 10 days ago)

      I've been with the Commonwealth Bank for 10 years and always found them to be very friendly and helpful to all my needs. I would never change my Bank I'm very Happy with their service.       Full review 

      I've been with the Commonwealth Bank for 10 years and always found them to be very friendly and helpful to all my needs. I would never change my Bank I'm very Happy with their service.


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      Commonwealth Bank savings account reviewed by Sandra from Queensland

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        2. (Reviewed 10 days ago)

      The Commonwealth Bank was my first bank with school banking at 7yrs old. I have remained a customer of the Commonwealth Bank since that time. I'm very happy with the service I receive.. they even asked me to change one of my accounts so I could ge...       Full review 

      The Commonwealth Bank was my first bank with school banking at 7yrs old. I have remained a customer of the Commonwealth Bank since that time. I'm very happy with the service I receive.. they even asked me to change one of my accounts so I could get more interest and less fees. Always easy to access a bank branch and the customer service is A one. So from a small girl in primary school to the adult I am today, the Commonwealth Bank has always been a part of my financial life.


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      Commonwealth Bank savings account reviewed by Kerry from Western Australia

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        1. Overall customer rating
        2. (Reviewed 10 days ago)

      There's a very decent interest rate and you are not penalised for withdrawals the way you are with some savings accounts. It was easy to link to my other accounts and was recommended to me and set up by a customer service officer when I called on ...       Full review 

      There's a very decent interest rate and you are not penalised for withdrawals the way you are with some savings accounts. It was easy to link to my other accounts and was recommended to me and set up by a customer service officer when I called on another matter. He pointed out that I was missing out on interest with the old account I was using and set up the new account right away. Because of this positive experience, I place more weight on the recommendations made to me by the bank.


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      Commonwealth Bank savings account reviewed by Katie from Western Australia

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        2. (Reviewed 10 days ago)

      I have banked with the Commonwealth as long as I can remember.. I am treated like a person and not just a number..       Full review 

      I have banked with the Commonwealth as long as I can remember.. I am treated like a person and not just a number..


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      Commonwealth Bank savings account reviewed by Lorelle from Queensland

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        2. (Reviewed 10 days ago)

      My family has been with the Commonwealth Bank for years and we wouldn't change them for anything. They're a great bunch of people to deal with and we trust them with our money. They are a wonderful bank to deal with and I recommend them to every one.       Full review 

      My family has been with the Commonwealth Bank for years and we wouldn't change them for anything. They're a great bunch of people to deal with and we trust them with our money. They are a wonderful bank to deal with and I recommend them to every one.


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      Commonwealth Bank savings account reviewed by Susanne from Victoria

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        1. Overall customer rating
        2. (Reviewed 10 days ago)

      I love this savings account because it encourages 15 year olds and under to save up money, which it does fabulously. To get the maximum amount of interest (which is pretty good), you must deposit money every month and not withdraw any amount. Othe...       Full review 

      I love this savings account because it encourages 15 year olds and under to save up money, which it does fabulously. To get the maximum amount of interest (which is pretty good), you must deposit money every month and not withdraw any amount. Otherwise if you just leave your money sitting around there. It will generate next to nothing in interest. It's a great system. It also gives you opportunities to win fantastic prizes suited to the younger person such as a new gaming console.


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      Commonwealth Bank savings account reviewed by Angela from Victoria

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        2. (Reviewed 10 days ago)

      The savings accounts at the Commonwealth Bank, I believe, are of much higher quality than any other bank. For one, I have family members who work at the commbank who assure me that their processes and work ethics are above the standards of other b...       Full review 

      The savings accounts at the Commonwealth Bank, I believe, are of much higher quality than any other bank. For one, I have family members who work at the commbank who assure me that their processes and work ethics are above the standards of other banks. They take pride in their customer and meeting their customers needs. Further, savings accounts at the commbank have high interest rates, but also have promotions and added benefits if you exceed the minimum amount required to save (eg interest rate is 4.5% p.a., but if you save more than $200 a month the interest rate increases to 6%). Not only is this a great benefit, but it actually encourages people to not only save but to save AS MUCH AS THEY CAN.


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      Commonwealth Bank savings account reviewed by Monique from Victoria

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        1. Overall customer rating
        2. (Reviewed 10 days ago)

      Commonwealth Bank staff have been extremely helpful and have been available for comment or advice. They look at what's best for you before they lock you into a product. It's easy to make any changes and the staff provide good advice.       Full review 

      Commonwealth Bank staff have been extremely helpful and have been available for comment or advice. They look at what's best for you before they lock you into a product. It's easy to make any changes and the staff provide good advice.


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      Commonwealth Bank savings account reviewed by Colleen from Western Australia

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        2. (Reviewed 10 days ago)

      There are transaction fees if you want to credit and debit money between your own accounts which I wasn't made aware of, however, the interest rate is rather attractive.       Full review 

      There are transaction fees if you want to credit and debit money between your own accounts which I wasn't made aware of, however, the interest rate is rather attractive.


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      Commonwealth Bank savings account reviewed by Lisa from Victoria

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        2. (Reviewed 10 days ago)

      They are the best bank. I've been with them for 30 yrs & have been a loyal customer.       Full review 

      They are the best bank. I've been with them for 30 yrs & have been a loyal customer.


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      Commonwealth Bank savings account reviewed by Lori from Queensland

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        2. (Reviewed 10 days ago)

      Should not keep customers waiting when they have to do their official work. They can do it later when there are no customers waiting.       Full review 

      Should not keep customers waiting when they have to do their official work. They can do it later when there are no customers waiting.


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      Commonwealth Bank savings account reviewed by Kathy from Victoria

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        2. (Reviewed 10 days ago)

      I like the fact that if you deposit a certain amount or more they will double the interest you receive. It means more money in your pocket.       Full review 

      I like the fact that if you deposit a certain amount or more they will double the interest you receive. It means more money in your pocket.


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      Commonwealth Bank savings account reviewed by Kirsty from Western Australia

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        2. (Reviewed 10 days ago)

      I have banked with the Commonwealth for over 30 years. We have always had great service. When our son passed away and we had difficulties with dealing with his Commonwealth Personal Loan and Bank Account, the staff went out of their way to make th...       Full review 

      I have banked with the Commonwealth for over 30 years. We have always had great service. When our son passed away and we had difficulties with dealing with his Commonwealth Personal Loan and Bank Account, the staff went out of their way to make things as smooth as possible.


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      Commonwealth Bank savings account reviewed by Debra from Tasmania

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        2. (Reviewed 10 days ago)

      I like this product because it suits my needs and does not have high rates, leaving more money in my bank. The people are so friendly and very helpful.       Full review 

      I like this product because it suits my needs and does not have high rates, leaving more money in my bank. The people are so friendly and very helpful.


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      Commonwealth Bank savings account reviewed by Kayla from Queensland

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        2. (Reviewed 10 days ago)

      I live in the country. I find the staff are more than helpful answering questions and sorting out any problems I have. I also have other products with the Commonwealth Bank.       Full review 

      I live in the country. I find the staff are more than helpful answering questions and sorting out any problems I have. I also have other products with the Commonwealth Bank.


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      Commonwealth Bank savings account reviewed by Joy from South Australia

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        2. (Reviewed 10 days ago)

      Many fees including a monthly account keeping fee and atm fees, customer service at the local bank was appalling. I had an account with them for many years but closed it down a few years ago. Would never recommend.       Full review 

      Many fees including a monthly account keeping fee and atm fees, customer service at the local bank was appalling. I had an account with them for many years but closed it down a few years ago. Would never recommend.


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      Commonwealth Bank savings account reviewed by Dinu from New South Wales

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        2. (Reviewed 10 days ago)

      I was originally told this account had no fees attached which lasted for 6 months, now they overdraw my account when they feel like it to pay their insurance policy i have with them, when I don't have an overdraft facility attached to this account...       Full review 

      I was originally told this account had no fees attached which lasted for 6 months, now they overdraw my account when they feel like it to pay their insurance policy i have with them, when I don't have an overdraft facility attached to this account,..they are a bunch of thieves


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      Commonwealth Bank savings account reviewed by Gerry from New South Wales

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        2. (Reviewed 10 days ago)

      I like the Commonwealth as I have had the account since I was a child and the atm's are everywhere. It's a great bank for children to open an account and learn about the value of money early and they can keep the account all their lives if they like.       Full review 

      I like the Commonwealth as I have had the account since I was a child and the atm's are everywhere. It's a great bank for children to open an account and learn about the value of money early and they can keep the account all their lives if they like.


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      Commonwealth Bank savings account reviewed by Sallie from Victoria

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        2. (Reviewed 11 days ago)

      I like this product because Ive had it for many years and have had no problems, but rather, help with making my account cheaper and my money work for me. I also trust this bank because they are big and old and trusted. The service is excellent and...       Full review 

      I like this product because Ive had it for many years and have had no problems, but rather, help with making my account cheaper and my money work for me. I also trust this bank because they are big and old and trusted. The service is excellent and my experience with them is excellent.


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      Commonwealth Bank savings account reviewed by Michele from New South Wales

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        2. (Reviewed 11 days ago)

      I am not the bigest fan of this bank, I think that their fees are higher and the service could be better. They might be ok for their other services.       Full review 

      I am not the bigest fan of this bank, I think that their fees are higher and the service could be better. They might be ok for their other services.


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      Commonwealth Bank savings account reviewed by Natalie from Queensland

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        2. (Reviewed 11 days ago)

      I have been with Commonwealth for a long time, since then i have had 3 different accounts with commonwealth, which I am pretty happy with. Well if people need to open a new account, they should know about the interest rates, plus active knowledge ...       Full review 

      I have been with Commonwealth for a long time, since then i have had 3 different accounts with commonwealth, which I am pretty happy with. Well if people need to open a new account, they should know about the interest rates, plus active knowledge about the product they are purchasing, because sometimes the interest rates go up and down. So watch out before you go ahead with it.


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      Commonwealth Bank savings account reviewed by Dilpreet from Victoria

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