Commbank goal saver account review

With the Commonwealth Bank GoalSaver, disciplined savers will be rewarded with a maximum interest rate of up to 4. Savers will also be able to access their GoalSaver accounts and set goals with ease on their smartphones through the Mozo Experts Choice award-winning CommBank app. For all balances, the Commonwealth GoalSaver offers a 4, commbank goal saver account review.

Fact checked. It now has almost branches scattered across the country, 49, employees, , shareholders and about 16 million customers. A savings account gives you a place to store your money , but these banking products tend to differ from bank to bank. Commonwealth Bank has a range of savings account options including:. The Netbank Saver earns you interest on your money while also giving you complete access to it. A standard variable interest rate of 0. Interest is calculated daily and paid on the first day of the month.

Commbank goal saver account review

This product is not currently available via Finder. Visit the provider's website directly, or compare other options. This is a lower interest rate compared to the highest rate accounts on the market which offer higher interest rates. However, CommBank has one of the best mobile banking apps in Australia which could be a big benefit of this account if you like to manage your money on the go. The app can help you budget and save by splitting your transactions into spending categories, helping you find benefits and rebates that you might be eligible for and reminding you of upcoming bills. The Commonwealth Bank Goal Saver Account pays bonus interest when you meet the monthly deposit conditions and make no withdrawals from the account. As you're restricted from making withdrawals, it could motivate you to keep saving instead of making impulse purchases. The account has a standard variable rate of 0. These rates are variable, meaning they can change at any time. Earned interest does not count towards the deposit requirement. You can access your savings anywhere anytime, either through a branch, online or with phone banking. But remember, if you withdraw from the account you won't earn bonus interest that month. Also, the interest rate is tiered, meaning the more you have in the account the more interest you can earn.

Manage your Term Deposit online, in branch or over the phone.

Open in NetBank. Open now. Earn bonus interest when you grow your savings balance each calendar month excluding interest and bank-initiated transactions. See how much you can save with our savings calculator , set up regular automatic transfers to keep you on-track, and set a savings goal in the CommBank app with Goal Tracker. One bonus interest rate applies to your entire balance. The interest rate depends on your account balance.

With the Commonwealth Bank GoalSaver, disciplined savers will be rewarded with a maximum interest rate of up to 4. Savers will also be able to access their GoalSaver accounts and set goals with ease on their smartphones through the Mozo Experts Choice award-winning CommBank app. For all balances, the Commonwealth GoalSaver offers a 4. 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.

Commbank goal saver account review

The CommBank GoalSaver high interest savings account offers rates up to 4. Sign in. CommBank GoalSaver Account. Fact checked and verified.

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See all bank account FAQs. Term Deposit A low-risk way of long-term saving, term deposits allow you to lock your funds away for a set term at a fixed interest rate. Maximum rate 3. Verify your identity with at least one form of ID. Maximum rate conditions 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. Disclaimer Important information on terms, conditions and sub-limits Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. The standard variable rate of 0. Thank you for your feedback. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. Pros and cons of CBA savings accounts. Youthsaver Account. For more information about us and how we conduct our business, you can read our privacy policy and terms of use. Please tell us how we can improve Required.

Open in NetBank. Open now.

Best Bank Accounts. Depository requirements. A low-risk way of long-term saving, term deposits allow you to lock your funds away for a set term at a fixed interest rate. Fees may apply to this account. Eligibility Minimum age. Rate effective date: 17 November but are subject to change. Hazel December 03, If you do not provide your tax file number TFN or TFN exemption when opening the account Commonwealth Bank with deduct tax from your earned interest at the highest marginal rate. The app is so helpful to get me saving Read full review. Maximum rate conditions 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.