CommBank savings account and term deposit rates

Commonwealth Bank of Australia · Big four bank

CommBank's best ongoing savings rate is 5.25% p.a. on GoalSaver, in months when you meet its bonus conditions. Its best term deposit pays 5.30% p.a. for 12 months on $5,000 or more.

Verified 2 Nov 2026

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Key facts

Top savings rate: 5.25% p.a.
Introductory rate: 5.50% p.a. for 5 months
Best term deposit: 5.30% p.a. for 12 months
Minimum term deposit: $5,000
Deposit protection: $250,000 per account holder
Credit cards: 7 cards from CommBank

What would your money earn at CommBank?

Type any amount and pick an account. Estimates are before tax and assume the rate stays the same.

Amount

Try

Account

Fixed for the term. From $5,000.

Interest over 12 months

$1,325

5.30% p.a., interest paid at maturity.

CommBank 12-month term deposit$1,325

Bank Australia Term Deposit, 5.60% p.a.$1,400

That is $75 less than the best 12-month term deposit in Australia would pay on the same amount.

See what your own balance actually earned

CommBank rates

Every rate is variable. Bonus rates show as the total you earn, with the base and bonus parts underneath.

GoalSaver

Bonus savings account

18 or older

5.25%p.a.

0.10% base + 5.15% bonus

To earn the bonus each month

CommBank pays bonus interest on top of the standard variable credit interest rate on credit balances if you make at least one deposit each calendar month into your account.
CommBank pays bonus interest on top of the standard variable credit interest rate on credit balances if you have a higher account balance at the end of the month compared to the account balance at the start of the month (excluding interest

NetBank Saver

Savings account, no monthly conditions

14 or older

5.50%p.a.

Intro rate for 5 months, then 2.30% p.a.

An online savings account with the flexibility to move money in and out of your linked CommBank transaction account using NetBank or the CommBank app.

Youthsaver Account

Bonus savings account

Under 18

5.30%p.a.

2.35% base + 2.95% bonus

To earn the bonus each month

CommBank pays bonus interest on top of the standard variable credit interest rate on credit balances if you make at least one deposit each calendar month into your account.
CommBank pays bonus interest on top of the standard variable credit interest rate on credit balances if you have a higher account balance at the end of the month compared to the account balance at the start of the month (excluding interest

Pensioner Security Account

For retirees and pensioners

55 or older

1.85%p.a.

No monthly conditions

One convenient account for your transaction and savings needs - for customers aged 55 and above.

Standard Term Deposit

Standard Term Deposit rates, interest paid at maturity
Term	$5,000 to $49,999	$50,000 and over
1 month	1.45%	1.50%
2 months	1.70%	1.75%
3 months	3.30%	3.35%
4 months	3.35%	3.40%
5 months	3.40%	3.45%
6 months	3.45%	3.50%
7 months	3.60%	3.65%
8 months	3.65%	3.70%
9 months	3.70%	3.75%
10 months	3.75%	3.80%
11 months	3.80%	3.85%
12 monthsBest rate	5.30%Special	5.30%Special
13 to 17 months	4.45%	4.50%
18 to 23 months	4.50%	4.55%
24 to 33 monthsStand-out term	5.15%	5.20%
34 to 35 months	4.55%	4.60%
36 to 47 months	4.55%	4.60%
48 to 59 months	3.95%	4.00%
5 years	3.95%	4.00%

Interest paid at maturity. Terms longer than 12 months pay interest once a year. New term deposits start at $5,000.

Compare 12-month term deposits at every bank in Australia

How CommBank compares with other banks in Australia

Every bank we track in Australia, ranked by its best ongoing savings rate, with its 12-month term deposit. Verified 2 Nov 2026.

Savings and 12-month term deposit rates at every bank in Australia, 2 Nov 2026
#	Bank	Top savings rate	12-month term deposit
1	ING	5.75% p.a.Savings Maximiser, monthly conditions	5.30% p.a.Personal Term Deposits
2	St.George	5.40% p.a.Incentive Saver, monthly conditions	4.75% p.a.Term Deposit
3	Bank Australia	5.35% p.a.Bonus Saver, monthly conditions	5.60% p.a.Term Deposit
4	Teachers Mutual Bank	5.35% p.a.Momentum Saver, monthly conditions	5.35% p.a.Term Deposit
5	ANZ	5.35% p.a.ANZ Plus Growth Saver, monthly conditions	5.30% p.a.ANZ Advance Notice Term Deposit
6	Bankwest	5.35% p.a.Hero Saver, monthly conditions	5.30% p.a.Bankwest Term Deposit
7	Virgin Money	5.30% p.a.Virgin Money Boost Saver, monthly conditions	Not published
8	Macquarie	5.25% p.a.Macquarie Savings Account	5.40% p.a.Macquarie Term Deposit
9	CommBank	5.25% p.a.GoalSaver, monthly conditions	5.30% p.a.Standard Term Deposit
10	NAB	5.25% p.a.NAB Reward Saver, monthly conditions	5.30% p.a.NAB Term Deposit
11	Westpac	5.25% p.a.Westpac Life, monthly conditions	5.30% p.a.Term Deposit
12	BOQ	5.00% p.a.Simple Saver Account	5.40% p.a.myBOQ Term Deposit
13	Bendigo Bank	5.00% p.a.Bendigo Reward Saver, monthly conditions	4.90% p.a.Standard Term Deposit
14	Beyond Bank	4.90% p.a.Purple Bonus Saver, monthly conditions	4.90% p.a.Term Deposit

Who can open them, and how safe is the money?

Who can open each account

GoalSaver: 18 or older
NetBank Saver: 14 or older
Youthsaver Account: Under 18
Pensioner Security Account: 55 or older
Standard Term Deposit: 18 or older, from $5,000

Is my money protected?

The Australian Government's Financial Claims Scheme covers deposits at CommBank up to $250,000 per account holder. Bankwest is part of the same bank, so money at both counts toward that one limit.

Questions about CommBank savings and term deposits

What is CommBank's highest savings rate?

GoalSaver, at 5.25% p.a. on 2 Nov 2026: a 0.10% p.a. base rate plus a 5.15% p.a. bonus. CommBank pays bonus interest on top of the standard variable credit interest rate on credit balances if you make at least one deposit each calendar month into your account. A month that misses the conditions earns 0.10% p.a.

What is the CommBank 12-month term deposit rate?

5.30% p.a. on new deposits of $5,000 or more, with interest paid at maturity. Taking the interest monthly lowers it to 4.80% p.a.

Which CommBank term deposit term pays the most?

12 months, at 5.30% p.a. with interest paid at maturity, on 2 Nov 2026.

Does NetBank Saver have an introductory rate?

Yes. NetBank Saver earns 5.50% p.a. for the first 5 months, made up of the 2.30% p.a. ongoing rate plus a 3.20% p.a. introductory margin. After that it earns 2.30% p.a.

Is my money safe with CommBank?

Deposits at CommBank are covered by the Australian Government's Financial Claims Scheme up to $250,000 per account holder. Bankwest shares the same banking licence, so money at CommBank and Bankwest counts toward one limit.

Where do these rates come from?

From the product details CommBank publishes under the Consumer Data Right, which Woodo checks every day. We last verified them on 2 Nov 2026. CommBank does not pay Woodo, and no payment can change the order of any list.

Community

CommBank savers will soon be able to report whether their bonus rate paid out each month, and ask other savers questions.

Cards issued by CommBank

All 7 CommBank credit cards

Other banks in Australia

INGSavings 5.75% p.a.12-month 5.30% p.a.
St.GeorgeSavings 5.40% p.a.12-month 4.75% p.a.
BankwestSavings 5.35% p.a.12-month 5.30% p.a.
Teachers Mutual BankSavings 5.35% p.a.12-month 5.35% p.a.
ANZSavings 5.35% p.a.12-month 5.30% p.a.
Bank AustraliaSavings 5.35% p.a.12-month 5.60% p.a.

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