7.4/10

Based on 46992 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 27 July 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 13325 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 2/10
Thief's

Don't really like any banks. They are theifs. Overcharging, fees, interest rates etc Want to know what you want to withdraw your money for. It's none of their business it's my money.

Read full review

Don't really like any banks. They are theifs. Overcharging, fees, interest rates etc Want to know what you want to withdraw your money for. It's none of their business it's my money.

Price
1/10
Features
3/10
Customer service
3/10
Convenience
3/10
Trust
2/10
Less
Toni, South Australia, reviewed 18 days ago
Commonwealth Bank Savings Account
Overall 10/10
The commonwealth bank rocks

I have been with the commonwealth bank since I was six years old. Not once have I had a problem with the bank . Every customer service officer I have spoken to whether it be on the phone or in person has been absolutely wonderful.They could not have been more helpful. I love this bank.

Read full review

I have been with the commonwealth bank since I was six years old. Not once have I had a problem with the bank . Every customer service officer I have spoken to whether it be on the phone or in person has been absolutely wonderful.They could not have been more helpful. I love this bank.

Features
9/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Karen, South Australia, reviewed 18 days ago
Commonwealth Bank NetBank Saver
Overall 7/10
Would recommend

Have been with CBA for 30 years and have never had an issue with my accounts whether it be loans, credit cards or every day banking. Have sampled other "bug" banks and never had the same experience

Read full review

Have been with CBA for 30 years and have never had an issue with my accounts whether it be loans, credit cards or every day banking. Have sampled other "bug" banks and never had the same experience

Price
8/10
Features
7/10
Customer service
5/10
Convenience
6/10
Trust
6/10
Less
Sean, Queensland, reviewed 18 days ago
Commonwealth Bank Savings Account
Overall 9/10
mostly pretty good

the term deposit rates are not very comparable. otherwise think they are ok.

Read full review

the term deposit rates are not very comparable. otherwise think they are ok.

Price
6/10
Features
7/10
Customer service
8/10
Convenience
8/10
Trust
10/10
Less
Darren, Queensland, reviewed 18 days ago
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Savings account quick links