based on 45924 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 19 October, 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)

0.30% p.a. (for $0 and over)

Yes up to $250,000

NetBank Saver

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

0.33% p.a. (for $1 and over)

Yes up to $250,000

Youthsaver

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

0.55% 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

12984 Reviews

Recent Commonwealth Bank savings account reviews

Commonwealth Bank Savings Account
Overall 6/10
not to sure what to say

It's as good as any.

Read full review

It's as good as any.

Price
6/10
Features
7/10
Customer service
2/10
Convenience
9/10
Trust
6/10
Less
Ray, Victoria, reviewed 14 days ago
Commonwealth Bank Savings Account
Overall 5/10
Good

They fees are to high.

Read full review

They fees are to high.

Price
2/10
Features
4/10
Customer service
8/10
Convenience
5/10
Trust
6/10
Less
Bruno, Queensland, reviewed 27 days ago
Commonwealth Bank Savings Account
Overall 10/10
Well established bank with trustworthy service.

They are a very respected and secure bank that holds my funds firm without the stress and hassle. Their customer service is a prime example of what customer service from a bank should operate like. The bank also has flexible ways of accessing my funds on the go and fast with mobile support.

Read full review

They are a very respected and secure bank that holds my funds firm without the stress and hassle. Their customer service is a prime example of what customer service from a bank should operate like. The bank also has flexible ways of accessing my funds on the go and fast with mobile support.

Features
6/10
Customer service
10/10
Convenience
6/10
Trust
10/10
Less
Ben, Queensland, reviewed 27 days ago
Commonwealth Bank Savings Account
Overall 2/10
Great app.

Their fees are to high.

Read full review

Their fees are to high.

Price
1/10
Features
7/10
Customer service
7/10
Convenience
3/10
Trust
1/10
Less
Bruno, Queensland, reviewed 29 days ago

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Savings account quick links