7.4 / 10

based on 45806 Commonwealth Bank reviews as rated by Mozo community

Commonwealth Bank savings accounts

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.

Commonwealth Bank offers the following savings accounts

Rates and fees verified as correct at 20 April, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate Maximum rate Govt deposit guarantee
Direct Investment Account

0% p.a.(for $0 to $10,000)

No Current Offer

Yes up to $250,000

GoalSaver

0.05% p.a.(for $0 and over)

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

Yes up to $250,000

NetBank Saver

0.05% p.a.(for $1 and over)

0.40% p.a. (for $1 and over)

Yes up to $250,000

Youthsaver

0.05% p.a.(for $0 and over)

0.60% p.a. (for $0 to $50,000)

Yes up to $250,000

How are Commonwealth Bank savings accounts rated?

Mozo users have rated Commonwealth Bank savings accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of savings-accounts
Commonwealth Bank savings accounts
Overall
7.5/10
Price
Features
Customer service
Convenience
Trust

12959 Reviews

Recent Commonwealth Bank savings account reviews

Commonwealth Bank Savings Account review
Overall 1/10
A cruel, uncaring bank with a criminal reputation.

After 64 years of being a loyal customer, with many thousands going through my account and paying thousands of dollars in fees, the CBA has closed my account with no reason given or viable appeal. I am now a pensioner and this was my lifeline to the world which they have now cut with no compunction or care as to my survival.

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After 64 years of being a loyal customer, with many thousands going through my account and paying thousands of dollars in fees, the CBA has closed my account with no reason given or viable appeal. I am now a pensioner and this was my lifeline to the world which they have now cut with no compunction or care as to my survival.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
William, New South Wales, reviewed 38 minutes ago
Commonwealth Bank Savings Account review
Overall 8/10
The only bank I would consider.

Have been with this bank for 67 years.

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Have been with this bank for 67 years.

Price
3/10
Features
6/10
Customer service
10/10
Convenience
10/10
Trust
5/10
Less
Peter, Western Australia, reviewed 1 day ago
Commonwealth Bank NetBank Saver review
Overall 8/10
Very happy with service.

All my money at CBA - savings, insurance, loan, credit card. Easy to manage. Interest rate on loan is competitive but not always the best. Credit card rewards is excellent! Staff always very helpful.

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All my money at CBA - savings, insurance, loan, credit card. Easy to manage. Interest rate on loan is competitive but not always the best. Credit card rewards is excellent! Staff always very helpful.

Price
7/10
Features
8/10
Customer service
9/10
Convenience
9/10
Trust
7/10
Less
Stacey, Victoria, reviewed 1 day ago
Commonwealth Bank NetBank Saver review
Overall 10/10
Best in business.

I have been with the Commonwealth for over 10 years and everything they do for me is amazing. From setting up loans to saving accounts. If I have any trouble they always take the time to help me and sort it out. Customer service is one of the best I have had in any businesses.

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I have been with the Commonwealth for over 10 years and everything they do for me is amazing. From setting up loans to saving accounts. If I have any trouble they always take the time to help me and sort it out. Customer service is one of the best I have had in any businesses.

Price
10/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Robyn, Queensland, reviewed 2 days ago

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Savings account quick links