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Commonwealth Bank savings account reviews

Commonwealth Bank
Commonwealth Bank's overall rating for savings accounts

(as rated by the Mozo community)

7.5 / 10

based on 12792 reviews

Price

Features

Customer service

Convenience

Trust

Featured savings account from Commonwealth Bank

Recent Commonwealth Bank savings account reviews

Commonwealth Bank

Commonwealth Bank NetBank Saver NetBank Saver review

Overall rating   10 / 10

Great customer service.

The app is super easy to use. Quick start up of the account.

Full review

The app is super easy to use. Quick start up of the account.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Jessica, Western Australia, reviewed 4 days ago

Commonwealth Bank

Commonwealth Bank Savings Account review

Overall rating   10 / 10

Great customer service and very trustworthy.

Everything about this bank is perfect, never have any problems.

Full review

Everything about this bank is perfect, never have any problems.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Tynan, New South Wales, reviewed 4 days ago

Commonwealth Bank

Commonwealth Bank NetBank Saver NetBank Saver review

Overall rating   10 / 10

Yes they have good customer service call centres.

Don't like that home loan interest rates are low which is good for a home owners but what about those that have money and want to save, theres no incentive for them. The bank should make the interest rate higher for members who save. I might as...

Full review

Don't like that home loan interest rates are low which is good for a home owners but what about those that have money and want to save, theres no incentive for them. The bank should make the interest rate higher for members who save. I might as well just take my money and hide it in the backyard.

    Price   4 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   8 / 10

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Lana, Victoria, reviewed 10 days ago

Commonwealth Bank

Commonwealth Bank Youthsaver Youthsaver review

Overall rating   9 / 10

Amazing app.

Amazing app. The option to add goals and jobs is really helpful and encouraging.

Full review

Amazing app. The option to add goals and jobs is really helpful and encouraging.

    Price   5 / 10

    Features   10 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   10 / 10

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Isabelle, New South Wales, reviewed 10 days ago

Commonwealth Bank

Commonwealth Bank NetBank Saver NetBank Saver review

Overall rating   10 / 10

I totally trust the bank I bank with.

Banking with Commonwealth means you get great customer service. Easy facilities to work with. I totally trust them with my money. Good on you Commonwealth Bank.

Full review

Banking with Commonwealth means you get great customer service. Easy facilities to work with. I totally trust them with my money. Good on you Commonwealth Bank.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Lyn, Victoria, reviewed 11 days ago

Commonwealth Bank

Commonwealth Bank GoalSaver GoalSaver review

Overall rating   6 / 10

No issues but not the highest rate!

The goal saver account has been okay however I am interested in other banks that having savings accounts with higher interest rates.

Full review

The goal saver account has been okay however I am interested in other banks that having savings accounts with higher interest rates.

    Price   5 / 10

    Features   0 / 10

    Customer service   7 / 10

    Convenience   10 / 10

    Trust   8 / 10

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Kylie, Queensland, reviewed 11 days ago

Commonwealth Bank

Commonwealth Bank NetBank Saver NetBank Saver review

Overall rating   10 / 10

Fantastic service.

So user friendly! Highly recommend.

Full review

So user friendly! Highly recommend.

    Price   9 / 10

    Features   6 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Daniella, New South Wales, reviewed 11 days ago

Commonwealth Bank

Commonwealth Bank GoalSaver GoalSaver review

Overall rating   10 / 10

Easy app and great customer service.

Excellent bank with great service. Would recommend.

Full review

Excellent bank with great service. Would recommend.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Nicki, Queensland, reviewed 12 days ago

Commonwealth Bank

Commonwealth Bank Savings Account review

Overall rating   5 / 10

If you need them they may help.

They are nice and you can actually book an appointment which is good. But they need to listen more.

Full review

They are nice and you can actually book an appointment which is good. But they need to listen more.

    Price   4 / 10

    Features   5 / 10

    Customer service   6 / 10

    Convenience   5 / 10

    Trust   6 / 10

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Raven, New South Wales, reviewed 14 days ago

Commonwealth Bank

Commonwealth Bank Savings Account review

Overall rating   7 / 10

Commonwealth is good.

My bank is fantastic. I would recommend them to mainly my family.

Full review

My bank is fantastic. I would recommend them to mainly my family.

    Price   0 / 10

    Features   0 / 10

    Customer service   8 / 10

    Convenience   7 / 10

    Trust   5 / 10

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James, New South Wales, reviewed 14 days ago

Commonwealth Bank

Commonwealth Bank Savings Account review

Overall rating   5 / 10

Happy with my account.

I feel that CBA's savings account meets my current needs.

Full review

I feel that CBA's savings account meets my current needs.

    Price   3 / 10

    Features   5 / 10

    Customer service   6 / 10

    Convenience   8 / 10

    Trust   5 / 10

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Jaime, Queensland, reviewed 14 days ago

Commonwealth Bank

Commonwealth Bank NetBank Saver NetBank Saver review

Overall rating   6 / 10

Good customer service and trustworthy brand.

Reliable and trustworthy bank with investment into UX and online services. Interest rates could be more competitive.

Full review

Reliable and trustworthy bank with investment into UX and online services. Interest rates could be more competitive.

    Price   4 / 10

    Features   3 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   9 / 10

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Dale, New South Wales, reviewed 14 days ago

Commonwealth Bank

Commonwealth Bank NetBank Saver NetBank Saver review

Overall rating   8 / 10

Long term customer trusted bank.

Have been with CBA for many years and trust that they will look after my needs.

Full review

Have been with CBA for many years and trust that they will look after my needs.

    Price   8 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Judith, Queensland, reviewed 14 days ago

Commonwealth Bank

Commonwealth Bank Savings Account review

Overall rating   10 / 10

Great rate available.

Great interest rate, with bonus interest each month if you don't make a withdrawal. Internet banking is convenient and easy to use.

Full review

Great interest rate, with bonus interest each month if you don't make a withdrawal. Internet banking is convenient and easy to use.

    Price   10 / 10

    Features   7 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Josephine, South Australia, reviewed 19 days ago

Commonwealth Bank

Commonwealth Bank NetBank Saver NetBank Saver review

Overall rating   4 / 10

Great customer service, poor interest rates.

Netbank Saver is an average product with a non-competitive interest rate once the introductory promotional rate runs out. You can only apply for the introductory rate once in a lifetime. Commonwealth Bank however has a great internet platform and...

Full review

Netbank Saver is an average product with a non-competitive interest rate once the introductory promotional rate runs out. You can only apply for the introductory rate once in a lifetime. Commonwealth Bank however has a great internet platform and excellent customer phone service with short waiting times. Overall, apply once for this product if it suits your needs and move on to better deals after that.

    Price   2 / 10

    Features   2 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Fara, New South Wales, reviewed 24 days ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Savings account comparisons on Mozo - rates updated daily

  • MOZO EXPERTS CHOICE AWARDS 2019

    UBank USaver with Ultra Transaction Account

    UBank USaver with Ultra Transaction Account

    • Bonus interest. Conditions apply
    • Visa Debit Card with Visa PayWave
    • No monthly account keeping fees

    Maximum rate

    2.10% p.a. (for $0 to $200,000)

    Bonus interest only applies on funds held in linked USaver account if $200 deposited into either account in the month from an external source.

    standard interest rate

    1.04% p.a.(for $0 to $5,000,000)

    account fee per month

    $0.00

    Go to site

    More info

    • Bonus interest. Conditions apply
    • Visa Debit Card with Visa PayWave
    • No monthly account keeping fees
    • Maximum rate conditions: Bonus interest only applies on funds held in linked USaver account if $200 deposited into either account in the previous month from an external source and the combined balance is less than $200,000.
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    8.5

    Based on 674 UBank savings account reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2019

    AMP Saver Account

    AMP Saver Account

    • Competitive interest rates, calculated daily and paid monthly
    • A bonus interest rate of 0.90% per annum for the first 4 months and the first $250,000 deposited
    • No Monthly fees

    Maximum rate

    2.36% p.a. (for $0 to $250,000)

    Bonus rate for the first 4 months from account opening on the first $250,000 deposited. For new Saver customers only.

    standard interest rate

    1.40% p.a.(for $0 to $5,000,000)

    account fee per month

    $0.00

    Go to site

    More info

    • Competitive interest rates, calculated daily and paid monthly
    • A bonus interest rate of 0.90% per annum for the first 4 months and the first $250,000 deposited
    • No Monthly fees
    • Maximum rate conditions: Bonus rate for the first 4 months from account opening on the first $250,000 deposited. For new Saver customers only.
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    7.2

    Based on 75 AMP savings account reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2019

    ME Online Savings Account

    ME Online Savings Account

    • Ongoing bonus interest when you tap & go four times per month (T&Cs apply)
    • No minimum monthly deposit. Ongoing variable bonus rate
    • No monthly account-keeping fees

    Maximum rate

    2.05% p.a. (for $0 to $250,000)

    Ongoing bonus rate if you make at least four tap & go™ payments per month with your Everyday Transaction Account debit card. Purchases must be processed in calendar month to be eligible for bonus interest.

    standard interest rate

    0.35% p.a.(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • Ongoing bonus interest when you tap & go four times per month (T&Cs apply)
    • No minimum monthly deposit. Ongoing variable bonus rate
    • No monthly account-keeping fees
    • Maximum rate conditions: Ongoing bonus rate if you make at least four tap & go™ payments per month with your Everyday Transaction Account debit card. Purchases must be processed in calendar month to be eligible for bonus interest.
    • Access: Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account
    Overall rating

    8.3

    Based on 384 ME savings account reviews

    Need more information?
    Go to site

    More info

  • Suncorp Growth Saver Account

    Suncorp Growth Saver Account

    • Free staff assisted transactions, Internet and phone banking
    • $0 account fees
    • $0 minimum balance

    Maximum rate

    1.95% p.a. (for $0 and over)

    Grow your balance by $200 or more and make no more than one withdrawal in the month.

    standard interest rate

    0.20% p.a.(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • Free staff assisted transactions, Internet and phone banking
    • $0 account fees
    • $0 minimum balance
    • Maximum rate conditions: Grow your balance by $200 or more and make no more than one withdrawal in the month.
    • Access: Branch access, Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    8.0

    Based on 1725 Suncorp savings account reviews

    Need more information?
    Go to site

    More info

  • Rabobank High Interest Savings Account

    Rabobank High Interest Savings Account

    • Easy set up, online and mobile banking app
    • No fees, no minimum balance, no minimum monthly deposit and no minimum term
    • Kick start your savings with the 4 month introductory variable rate

    Maximum rate

    2.50% p.a. (for $0 to $250,001)

    Bonus rate for the first 4 months from account opening

    standard interest rate

    1.05% p.a.(for $0 to $250,001)

    account fee per month

    $0.00

    Go to site

    More info

    • Easy set up, online and mobile banking app
    • No fees, no minimum balance, no minimum monthly deposit and no minimum term
    • Kick start your savings with the 4 month introductory variable rate
    • Maximum rate conditions: Bonus rate for the first 4 months from account opening, reverting to standard variable rate. Rate shown is for Personal customers and is subject to change. Different rates apply to Business/SMSF customers.
    • Access: Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account
    Overall rating

    8.4

    Based on 242 Rabobank savings account reviews

    Need more information?
    Go to site

    More info

Want more? Compare all 228 savings accounts in the Mozo comparison engine.

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