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Commonwealth Bank of Australia

Commonwealth Bank offers a GoalSaver savings account for adults and a Youthsaver savings account for minors. The standard interest rate for both accounts is only 0.01 per cent. However, GoalSaver pays bonus interest when customers deposit at least $200 during a calendar month and make no withdrawals during that period. Youthsaver pays bonus interest for one deposit and no withdrawals per month. Commonwealth Bank also offers term deposits, credit cards, personal loans, home loans, insurance, superannuation and financial planning. Commonwealth Bank has operations in Australia, New Zealand, Asia, Europe and North America.

Commonwealth Bank of Australia savings account repayment calculator

Thinking about taking out a savings account with Commonwealth Bank of Australia? Use our savings account calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Commonwealth Bank of Australia savings account compare with various products.

Investing your money into a savings account is an effective strategy. This calculator is designed to help you achieve your savings goal faster. See how fast your savings can grow with regular deposits.

Initial deposit

Monthly deposit

Period

months

Your monthly interest earned

$13

Interest rate

2.55%

Total interest earned

$270

Total amount

$17,270

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