based on 46002 Commonwealth Bank banking product 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 27 May 2022. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate Maximum rate Govt deposit guarantee
GoalSaver

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

0.25% p.a. (for $0 and over)

Yes up to $250,000

NetBank Saver

0.30% p.a.(for $1 and over)

0.50% p.a. (for $1 and over)

Yes up to $250,000

Youthsaver

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

0.45% 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
Price
Features
Customer service
Convenience
Trust

13004 Reviews

Recent Commonwealth Bank savings account reviews

Commonwealth Bank GoalSaver
Overall 9/10
Ahead of the game and supportive.

Informative and ahead of the game in terms of accessibility and apps to help up and comers into the finance field. Useful in educating those who want to start in the share trade industry.

Read full review

Informative and ahead of the game in terms of accessibility and apps to help up and comers into the finance field. Useful in educating those who want to start in the share trade industry.

Price
8/10
Features
8/10
Customer service
8/10
Convenience
10/10
Trust
10/10
Less
Sophie, Victoria, reviewed about 17 hours ago
Commonwealth Bank NetBank Saver
Overall 6/10
Convenient because it’s an effort to change banks

I like commbank as they’re very convenient and there are always atms around They are not great with interest & charge you a fee if your bank is in negatives even if you are unaware of it

Read full review

I like commbank as they’re very convenient and there are always atms around They are not great with interest & charge you a fee if your bank is in negatives even if you are unaware of it

Price
1/10
Features
5/10
Customer service
4/10
Convenience
8/10
Trust
8/10
Less
Felicity, Victoria, reviewed 29 days ago
Commonwealth Bank NetBank Saver
Overall 5/10
Average bug bank

Standard big bank, doesn't do a great deal to support Australia despite its 'initiatives'

Read full review

Standard big bank, doesn't do a great deal to support Australia despite its 'initiatives'

Price
4/10
Features
4/10
Customer service
4/10
Convenience
6/10
Trust
7/10
Less
Kenny, South Australia, reviewed 30 days ago
Commonwealth Bank Savings Account
Overall 9/10
Very flexible for everyday people accounts

Overall a good service. Easy to transfer money within friends and families. Has a lot of good features such as a 3 monthly bank statement, very flexible. Only problem is that for example, if you have a job and you get paid on wednesday, commonwealth tends to pay later or delay the payment by 5 hours which is kind of a bummer

Read full review

Overall a good service. Easy to transfer money within friends and families. Has a lot of good features such as a 3 monthly bank statement, very flexible. Only problem is that for example, if you have a job and you get paid on wednesday, commonwealth tends to pay later or delay the payment by 5 hours which is kind of a bummer

Price
5/10
Features
8/10
Customer service
10/10
Trust
9/10
Less
Nima, Western Australia, reviewed 30 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.

Savings account quick links