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    • Commonwealth Bank First Home Saver Account

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    savings accounts

    • 5.25%

    Rates

    Rates
    Balances from $0: 5.25%pa
    Special Rates
    none
    Special rate conditions
    To withdraw your savings, you must have contributed at least $1,000 per year in four separate (but not necessarily consecutive) financial years, or be purchasing or building a home with someone who has.

    Features

    Atm access
    no
    Daily atm withdrawal limit
    $
    Eftpos card
    no
    Mastercard debit card
    no
    Visa debit card
    no
    Branch access
    yes
    Cheque book
    no
    Phone banking
    no
    Internet banking
    yes
    Bpay
    no
    Australia post banking
    no
    Other restrictions
    To open an account, you must be aged 18 or over and under 65; have a tax file number; have never owned a home in Australia that you have lived in; have never opened a First Home Saver Account before.
    Other benefits
    The government will contribute 17 cents for every dollar that you save, up to a maximum of $5000 in a financial year (maximum government contribution is $850). Earnings on interest on your First Home Saver Account are taxed at 15%.

    Fees

    Account fee
    $0.00
    Account fee waiver
    none
    Free transactions per month
    none
    Network ATM fee
    $0.00
    ATM networks
    none
    Other bank ATM fee
    $0.00
    Over the counter deposit fee
    $0.00
    Over the counter withdrawal fee
    $0.00
    Eftpos fee
    $0.00
    Phone fee
    $0.00
    Internet fee
    $0.00
    Cheque fee
    $0.00

    Other financial bits

    Minimum opening deposit
    $0.00
    Minimum balance
    $0.00
    Interest paid
    Yearly

    About Commonwealth Bank

    The Commonwealth Bank might be one of Australia’s oldest and largest banks, but lately it’s determined to do things differently. The Commonwealth Bank reckons it’s focusing more on customer service and earning your business rather than counting on it. If you like the sound of that, then check out the Commonwealth Bank’s wide range of personal banking products, including term deposits, savings accounts, credit cards, home loans and personal loans.

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

    Product Type Overall Price Features Service Convenience Trust
    Commonwealth Bank savings accounts 7.1 Based on 1432
    Commonwealth Bank savings account reviews     		6.0 5.7 7.2 8.0 7.2

    Read Commonwealth Bank savings account reviews by the Mozo community

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