7.4 / 10

based on 45882 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 28 July, 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

12972 Reviews

Recent Commonwealth Bank savings account reviews

Commonwealth Bank Savings Account
Overall 4/10
Work more polite less

Not suitable for when you're in a rush. Staff can’t work according to the speed their hourly rates are paid Polite but need to get the job done.

Read full review

Not suitable for when you're in a rush. Staff can’t work according to the speed their hourly rates are paid Polite but need to get the job done.

Features
4/10
Customer service
5/10
Convenience
1/10
Trust
1/10
Less
Kathryn, Queensland, reviewed about 21 hours ago
Commonwealth Bank GoalSaver
Overall 7/10
Good savings account

Great saving account but wish interest was higher.

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Great saving account but wish interest was higher.

Price
8/10
Features
8/10
Customer service
8/10
Convenience
8/10
Trust
7/10
Less
Jessica, Victoria, reviewed 16 days ago
Commonwealth Bank Savings Account
Overall 10/10
One of the best banks I’ve been with

Absolutely love CBA. Great service, easy to use and very helpful on the phone and In branches.

Read full review

Absolutely love CBA. Great service, easy to use and very helpful on the phone and In branches.

Price
9/10
Features
9/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Patrice, Queensland, reviewed 16 days ago
Commonwealth Bank Savings Account
Overall 5/10
just remarkable

n/a n/a

Price
4/10
Features
7/10
Customer service
6/10
Convenience
6/10
Trust
6/10
Less
Charanjit, New South Wales, reviewed 16 days ago

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Savings account quick links