7.4 / 10

based on 45634 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 January, 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)

0.45% p.a. (for $0 to $250,000)

Yes up to $250,000

NetBank Saver

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

0.55% p.a. (for $1 and over)

Yes up to $250,000

Youthsaver

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

0.80% p.a. (for $0 to $50,000)

Yes up to $250,000

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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

12917 Reviews

Recent Commonwealth Bank savings account reviews

Commonwealth Bank NetBank Saver review
Overall 10/10
All good.

Nothing to write, it's all good.

Read full review

Nothing to write, it's all good.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Michelle, Victoria, reviewed about 22 hours ago
Commonwealth Bank Savings Account review
Overall 8/10
Great in some ways but disappointing in others.

I have applied for a car loan and was knocked back even though I have paid back a loan with a much larger interest and double the repayments that CommBank has. I have proven I can more than afford it but they still won't give me a loan. Disappointed seeing I have been with Commonwealth Bank for about 30 years.

Read full review

I have applied for a car loan and was knocked back even though I have paid back a loan with a much larger interest and double the repayments that CommBank has. I have proven I can more than afford it but they still won't give me a loan. Disappointed seeing I have been with Commonwealth Bank for about 30 years.

Price
8/10
Features
8/10
Customer service
9/10
Convenience
5/10
Trust
8/10
Less
Jessi, New South Wales, reviewed about 23 hours ago
Commonwealth Bank Savings Account review
Overall 7/10
Banking.

A good bank and quick service.

Read full review

A good bank and quick service.

Price
8/10
Features
7/10
Convenience
9/10
Trust
9/10
Less
Manwell, New South Wales, reviewed about 23 hours ago
Commonwealth Bank NetBank Saver review
Overall 10/10
Easy to deal with and manage online.

Excellent dedicated and helpful and friendly staff. Easy to deal with and manage online. Excellent branches location and customer services.

Read full review

Excellent dedicated and helpful and friendly staff. Easy to deal with and manage online. Excellent branches location and customer services.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Christine, New South Wales, reviewed 1 day ago

Savings account quick links