With the Commonwealth Bank GoalSaver, disciplined savers will be rewarded with a maximum interest rate of up to 4.90% as long as they meet a few simple conditions every month. Savers will also be able to access their GoalSaver accounts and set goals with ease on their smartphones through the CommBank app.
For all balances, the Commonwealth GoalSaver offers a 4.90% maximum rate, as long as you make at least one deposit each month and have a higher balance at the end of the month than you did at the start.
The GoalSaver is available to both new and existing customers, so Commonwealth Bank loyalists can simply switch and sign up. Interest is calculated daily and paid every month.
Transactions can be made using the app, over the phone or via internet banking, but old-school customers will be pleased to know that the Commonwealth GoalSaver also offers branch and ATM access. Transactions are unlimited and you'll be able to get one free assisted withdrawal per month, but these and other statement requests will come with a fee thereafter.
If you've got a larger savings balance which you're willing to keep adding to, the Commonwealth GoalSaver could potentially be a suitable place to store your funds.
If you don't meet the conditions of making at least one monthly deposit and growing your account balance, the interest rate reverts to a considerably lower 0.40%.
Balances from $0: 0.40% p.a. |
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Balances from $0: 4.90% p.a. |
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Make a deposit each month and have a higher account balance at the end of the month compared to the start of the month (excluding interest and bank-initiated transactions). |
$0.00 |
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n/a |
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Unlimited free internet, phone, counter deposits. |
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n/a |
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n/a |
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n/a |
|
$0.00 |
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$3.00 |
|
n/a |
|
$0.00 |
|
$0.00 |
|
n/a |
$0.00 |
|
$0.00 |
|
Monthly |
no |
|
n/a |
|
no |
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no |
|
no |
|
yes |
|
no |
|
yes |
|
yes |
|
yes |
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no |
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none |
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none |
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none |
staff are always helpful and suggestive, options available to cater to anyones needs and plenty of atm's around to access your cash fee free
Read full reviewstaff are always helpful and suggestive, options available to cater to anyones needs and plenty of atm's around to access your cash fee free
Commbank is very convenient and it’s popular among people here in Sydney. Their app is easy to use. Lots to like.
Read full reviewCommbank is very convenient and it’s popular among people here in Sydney. Their app is easy to use. Lots to like.
When I suffered financial crisis they helped to return bank overdraw fees so I had a little extra 10/10 recommended
Read full reviewWhen I suffered financial crisis they helped to return bank overdraw fees so I had a little extra 10/10 recommended
I LIKE MY COMMONWEALTH BANK ALWAYS GENTLE AND READY TO HELP
Read full reviewI LIKE MY COMMONWEALTH BANK ALWAYS GENTLE AND READY TO HELP
Good savings account with good interest. Staff are friendly and helpful
Read full reviewGood savings account with good interest. Staff are friendly and helpful
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
4.40% p.a.(for $0 to $250,001)
Yes up to $250,000
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yes up to $250,000
AMP Saver Account
5.40% p.a. (for $0 to $250,000)
1.20% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
2.00% p.a.(for $0 to $250,000)
Yes up to $250,000
Savings Account
5.35% p.a. (for $0 to $250,000)
4.75% p.a.(for $0 to $1,000,000)
Yes up to $250,000
Save Account
5.10% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
Yes up to $250,000
4.40% p.a.(for $0 to $250,001)
Savings Account
5.35% p.a. (for $0 to $250,000)
Yes up to $250,000
4.75% p.a.(for $0 to $1,000,000)
Save Account
5.10% p.a. (for $0 to $250,000)
Yes up to $250,000
0.10% p.a.(for $0 and over)
AMP Saver Account
5.40% p.a. (for $0 to $250,000)
Yes up to $250,000
1.20% p.a.(for $0 to $5,000,000)
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
2.00% p.a.(for $0 to $250,000)
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
0% p.a.(for $0 and over)
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
0.05% p.a.(for $0 and over)
Reward Saver Account
0% p.a.(for $0 and over)
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
Save Account
0.10% p.a.(for $0 and over)
5.10% p.a. (for $0 to $250,000)
Yes up to $250,000
Bonus Saver Account
0.05% p.a.(for $0 and over)
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
Reward Saver
0.30% p.a.(for $0 and over)
5.25% p.a. (for $0 to $100,000)
Yes up to $250,000
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
3.01% p.a. (for $0 and over)
Yes up to $250,000
Progress Saver
0.01% p.a.(for $0 and over)
4.25% p.a. (for $0 and over)
Yes up to $250,000