7.4/10

Based on 47072 Commonwealth Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

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 14 September 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate Maximum rate Govt deposit guarantee
GoalSaver

0.40% p.a.(for $0 and over)

4.90% p.a. (for $0 and over)

Yes up to $250,000

NetBank Saver

2.35% p.a.(for $1 and over)

5.10% p.a. (for $1 and over)

Yes up to $250,000

Youthsaver

2.60% p.a.(for $0 and over)

5.00% 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 customer reviews
Overall
7.5/10
Price
6.6/10
Features
6.3/10
Customer service
7.6/10
Convenience
8.2/10
Trust
7.6/10
Based on 13343 Commonwealth Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Commonwealth Bank savings account reviews

Commonwealth Bank NetBank Saver
Overall 0/10
10

I find it pretty good Ive been working with CommBank for 10years

Read full review

I find it pretty good Ive been working with CommBank for 10years

Less
Kyalla, Queensland, reviewed 18 days ago
Commonwealth Bank Savings Account
Overall 7/10
Come on bank with the Com Bank

Love our branch staff at little Laurieton Comm Bank, very personal

Read full review

Love our branch staff at little Laurieton Comm Bank, very personal

Price
5/10
Features
4/10
Customer service
7/10
Convenience
7/10
Trust
7/10
Less
Jill, New South Wales, reviewed 18 days ago
Commonwealth Bank NetBank Saver
Overall 9/10
Decent solid bank easy to communicate with

I like Commonwealth bank as it is easy to contact them via phone and via chat, I don't need to call up I can just contact them via the chat option.

Read full review

I like Commonwealth bank as it is easy to contact them via phone and via chat, I don't need to call up I can just contact them via the chat option.

Price
10/10
Features
10/10
Customer service
8/10
Convenience
8/10
Trust
7/10
Less
Caitlin, Tasmania, reviewed 18 days ago
Commonwealth Bank Savings Account
Overall 8/10
Secure bank with options for greater savings.

The Commonwealth Bank is a well established financial institution. I have peace of mind that my money is secure. I also receive email notifications regarding which accounts I should consider for greater savings impact.

Read full review

The Commonwealth Bank is a well established financial institution. I have peace of mind that my money is secure. I also receive email notifications regarding which accounts I should consider for greater savings impact.

Price
7/10
Features
6/10
Customer service
8/10
Convenience
5/10
Trust
8/10
Less
Ruth, Victoria, reviewed 18 days ago
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Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
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