Commonwealth Bank
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Commonwealth Bank of Australia, commonly known as CommBank, is one of Australia’s four major banks. Established in 1911 and commencing operations in 1912, it provides banking services to individuals, businesses and institutional customers. Its products include savings and transaction accounts, home loans, credit cards and business finance, supported by digital banking and a branch network. It is publicly listed on the Australian Securities Exchange.
| Legal name | Commonwealth Bank of Australia |
|---|---|
| ABN | 48123123124 |
| Ownership group | CBA Group [1]Controlling entity: Commonwealth Bank of Australia |
| Deposit issuer | Commonwealth Bank of Australia [4] |
| Deposit protection | Eligible AUD deposits are covered up to $250,000 per account holder across this issuer, including its other brands. [5] |
| Same issuer brands | BankwestEligible deposits across these brands share the issuer’s FCS limit. |
| Established | 1911, banking operations commenced in 1912 [1] |
| Ownership | Publicly listed, shareholder-owned [2] |
| Stock exchange | Australian Securities Exchange (ASX: CBA) [2] |
| Banking channels | Branches, the CommBank app and NetBank [3] |
| Customer segments | Personal, business and institutional banking [1] |
Savings rates
Compare allRates p.a. at a balance of $25,000.
| GoalSaver | Visit | 0.10% | 5.25%Ongoing cap: No cap | No cap | - | - | - | 1 | - | $0.01 | 0 | - | - | 18 | - | $0 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NetBank Saver | Visit | 2.30% | 2.30%Ongoing cap: No cap | No cap | 5.50%5 mths | No cap | 5 mths | 0 | - | $0 | 0 | - | - | 14 | - | $0 | - |
| Pensioner Security Account | Visit | 1.13% | 1.13%Ongoing cap: Tiered | Tiered | - | - | - | 0 | - | $0 | 0 | - | - | 55 | - | $0 | - |
| Youthsaver Account | Visit | 2.35% | 5.30%Ongoing cap: $50K | $50K | - | - | - | 1 | - | $0.01 | 0 | - | - | - | 17 | $0 | - |
Source: noren.com.au
Useful links
Similar institutions
Sources and review
- About CommBank (commbank.com.au)
- Ownership / Stock exchange (commbank.com.au)
- Savings accounts (commbank.com.au)
- Provider deposit-issuer information (commbank.com.au)
- APRA FCS institution list (apra.gov.au)
- APRA ADI register (apra.gov.au)
Commonwealth Bank data reviewed . Next profile review due .