The Commonwealth Private Bank Account is an interest bearing transaction account which pays a banded interest rate and is exclusively available to Commonwealth Private Bank clients.
Product data
The lender's Consumer Data Right data, as collected by Homepedia. Nothing in this part comes from a channel.Rates
| Rate | Applies to | Conditions | Source | Since |
|---|---|---|---|---|
| 0.70% | Variable · $0–$100,000 | CDR | 1 Nov 2026 | |
| 0.70% | Variable · $100,000–$250,000 | CDR | 1 Nov 2026 | |
| 0.70% | Variable · $250,000–$500,000 | CDR | 1 Nov 2026 | |
| 0.70% | Variable · $500,000–$1,000,000 | CDR | 1 Nov 2026 | |
| 1.35% | Variable · $1,000,000–$5,000,000 | CDR | 1 Nov 2026 | |
| 2.35% | Variable · $5,000,000 or more | CDR | 1 Nov 2026 |
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Source
CDR officialConsumer Data Right product dataShow where this comes from
- Fetched
- 1 Nov 2026
- URL
https://api.commbank.com.au/public/cds-au/v1/banking/products/c50f2a2cf77c47248ebbb565d2d6c1cb- Content hash
sha256 1bf9d2a76df79637ff9751b44e4797d93fb8071aa7f39ae3a79cde21a8127797- Rule version
mapper@0.1.2
Consumer Data Right product dataev_cdr_1bf9d2a76df79637_961ab15eShow details
- Checked
- 1 Nov 2026
- URL
https://api.commbank.com.au/public/cds-au/v1/banking/products/c50f2a2cf77c47248ebbb565d2d6c1cb- Content hash
sha256 1bf9d2a76df79637ff9751b44e4797d93fb8071aa7f39ae3a79cde21a8127797- Excerpt
- —
- Rule version
mapper@0.1.2
Page and PDF snapshots are kept by Homepedia; the hash above identifies the exact version we read. Data as at 1 Nov 2026.
Fees
| Fee | Type | Amount |
|---|---|---|
| Unpaid cheque or debit fee | Event | $5.00 |
| Account Fee | Periodic | $0.00 |
| Access fee - ASB Bank ATMs in NZ and overseas CommBank ATMs | Withdrawal | $2.00 |
| Access fee - Other overseas cash and ATM withdrawals | Withdrawal | 3.50% |
| Access fee - Overseas purchases | Purchase | 3.50% |
| Assisted withdrawal fee | Withdrawal | $0.00 |
| CBA ATM cash withdrawals in Australia | Event | $0.00 |
| Monthly card fee | Event | $10.00 |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Card access | Debit Mastercard | Use instore, online and withdraw local currency at millions of locations, everywhere Mastercard is accepted. Choose a Debit Mastercard with your CommBank account and pay for things using your card, smartphone or wearable. You may receive access to other features and benefits associated with your Debit Mastercard subject to eligibility, approval and terms and conditions. |
| Additional cards | We may limit the number of cards that may be issued or linked to a single account or customer profile. | |
| Bill payment | BPAY View | See, track and easily pay your bills online in NetBank or on the go in the CommBank app. |
| Card access | Platinum Debit Mastercard | Platinum Debit Mastercard is a premium debit card that can be linked to your CommBank transaction account and can be used everywhere Mastercard is accepted. Enjoy additional exclusive features and benefits, including complementary purchase protections, with the Platinum Debit Mastercard, subject to eligibility, approval, and terms and conditions. |
| Card access | World Debit Mastercard | World Debit Mastercard is a premium debit card that can be linked to your CommBank transaction account and can be used everywhere Mastercard is accepted. Earn CommBank Yello points on eligible purchases using your World Debit Mastercard. The earning and redemption of CommBank Yello points are subject to meeting the eligibility criteria, including holding an eligible transaction account, as well as the applicable CommBank Yello terms and conditions. You may also enjoy additional exclusive features and benefits, including complimentary insurances and purchase protections, with the World Debit Mastercard, subject to eligibility, approval, and terms and conditions. Fees apply. |
| Card access | Link to Existing Card | |
| Other | Securely lock your debit card in the CommBank app when you need to. And unlock it again when you don't. | |
| Loyalty program | CommBank Yello | CommBank Yello provides benefits for eligible CommBank customers, subject to terms and conditions. The earning and redemption of CommBank Yello Points are subject to meeting the eligibility criteria, including holding an eligible transaction account, as well as the applicable CommBank Yello terms and conditions. |
| Other | Access a range of travel benefits through Travel Booking (provided by Hopper) for eligible customers. | |
| Digital banking | Wherever you are in the world, CommBank gives you the choice and control to securely manage all of your accounts on a range of devices, the way you want. | |
| Digital wallet | Apple Pay | Pay with your Apple(TM) device using Apple Pay. |
| Digital wallet | CommBank Tap and Pay | Pay with your Android phone(TM) using the CommBank app. |
| Digital wallet | Fitbit Pay | Pay with your Fitbit(TM) smartwatch using Fitbit Pay. |
| Digital wallet | Garmin Pay | Pay with your Garmin(TM) smartwatch using Garmin Pay. |
| Digital wallet | Google Pay | Pay with your Android(TM) device using Google Pay. |
| Digital wallet | Samsung Pay | Pay with your Samsung(TM) device using Samsung Pay. |
| Npp payid | Get faster payments between participating banks, anytime with a PayID. | |
| Npp enabled | Pay and receive near real-time payments. | |
| Other | Free assisted withdrawal is available for you to take money out at a Commonwealth Bank branch or a post office or agency, with telephone banking if using an operator, or by cashing a cheque. | |
| Other | You are not required to have a card to use this product. | |
| Other | Manage payments from your bank account using PayTo. | |
| Relationship management | Your dedicated Private Banker will work together with a team of in-house specialists to support you through every stage of your financial life. | |
| Other | Use QR Cardless to withdraw cash or deposit notes, coins and cheques (subject to product eligibility) by using the latest version of the CommBank app to scan a QR code at a compatible CommBank ATM. | |
| Unlimited txns | Unlimited CommBank electronic and assisted transactions. | |
| Eligibility: min age | 18 | The Commonwealth Private Bank Account is only available to personal customers over 18 years of age and have an Australian residential address. |
| Eligibility: other | The Commonwealth Private Bank Account is available to non-personal customers who have a domestic business, an ABN or ACN with signatories aged 18 and above or signatories after 16 to 18 with another signatory being at least 18 years old; or be a foreign company that carries on business within Australia, registered with ASIC and be determined on a case by case basis. |
Rate history
| Rate | From | To | Rate p.a. |
|---|---|---|---|
| Variable · $5,000,000 or more | 1 Nov 2026 | Current | 2.35% |
| Variable · $250,000–$500,000 | 1 Nov 2026 | Current | 0.70% |
| Variable · $100,000–$250,000 | 1 Nov 2026 | Current | 0.70% |
| Variable · $1,000,000–$5,000,000 | 1 Nov 2026 | Current | 1.35% |
| Variable · $0–$100,000 | 1 Nov 2026 | Current | 0.70% |
| Variable · $500,000–$1,000,000 | 1 Nov 2026 | Current | 0.70% |
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