Wealth Package

Special savings for valued customers

Commonwealth Bank's Wealth Package recognises that the more business you have with us, the more benefits you should enjoy. Wealth Package offers an exceptional collection of financial benefits including interest rate discounts and other money-saving products and services.

The benefits include significant discounts for borrowing, everyday banking, and investment and insurance services. To qualify you must:

• Have total home lending¹with us of at least $150,000 initially
• Pay the Wealth Package annual fee, currently $350

Customers with Low Doc Home Loans where the amount of the loan exceeds 60% of the value of the security property, as determined by the Bank, are not eligible to apply for Wealth Package.

Current offer

When you take out a Wealth Package with a new Home Loan, Investment Home Loan or Viridian Line of Credit of $250,000 or more, you will save 0.70% p.a. on the Standard Variable Rate and Viridian Line of Credit rates. That means you could save at least $33,449 in interest on a $250,000 loan over a 25 year term.

  

Everyday banking benefits

For your Debit MasterCard or Streamline Account
Unlimited everyday transactions through Australia's largest banking network with no withdrawal or monthly account fees.²

Commonwealth Bank Gold Credit Card
The following benefits apply to one Commonwealth Bank Gold Credit Card held in your name and of which you are the primary cardholder:

• No annual credit card fee (normally $114)
• No additional cardholder fee (if applicable - normally $15)

 

Home Loan benefits

For your Standard Variable Rate Home Loan and Investment Home Loan³

The following benefits apply:

• No up-front Establishment Fee (normally $450)⁴
• No Loan Service Fees (normally $8/month)

 

The following discounts apply based on total home lending¹:

Discount	Total Home Lending
0.50% p.a.	$150,000 to less than $350,000
0.60% p.a.	$350,000 to less than $750,000
0.70% p.a.	$750,000 or more

 

 

For your standard fixed rate home and investment home loans

The following benefits apply:

• 0.15% p.a. discount off Standard Fixed Rates
• No up-front Establishment Fee (normally $600)⁴
• No Loan Service Fees (normally $8/month)

 

For your 12 month discounted variable rate and 1 year guaranteed rate home and investment home Loans⁵

The following benefits apply:

• No up-front Establishment Fee (normally $600)⁴
• No Loan Service Fees (normally $8/month)
• At the expiry of the 12 Month Discounted Variable Rate and 1 Year Guaranteed Rate, the loan will receive a 0.40% p.a. discount off the Standard Variable Rate

 

For your Viridian Line of Credit

The following benefits apply:

• No up-front Establishment Fee (normally $600)
• No Account Service Fees (normally $12/month)

 

The following discounts apply on both the Viridian reference rate⁶ and residential equity rate⁷ based on total home lending¹:

Discount	Total Home Lending
0.50% p.a.	$150,000 to less than $350,000
0.60% p.a.	$350,000 to less than $750,000
0.70% p.a.	$750,000 or more

 

Personal loan benefits

The following benefits apply:

• 0.50% p.a. off Standard Variable and Fixed Rate loans
• No up-front Establishment Fee⁸
• Available for loan amounts of $10,000 or more ($14,000 or more for Fixed Rate Secured Loans)

 

Investment benefits

Term Deposit:

The following benefits apply:

• 0.25% p.a. bonus interest on new and renewed term deposits⁹ of between $10,000 to less than $500,000 (minimum 6 month term)
• Special rates are available for $500,000 or more

 

Financial Planning¹⁰

$330 towards the fee for the preparation of a personal Finance Plan, or ‘Statement of Advice’ by a Commonwealth Financial Planner.  

Insurance benefits¹¹

CommInsure Residential Home Package

10% discount off the base premium of a Residential building or contents insurance policy or 15% discount off the base premium of a combined Residential building & contents insurance policy.

CommInsure Investment Home Package

5% discount off the base premium of an Investment building or contents insurance policy or 7.5% discount off the base premium of a combined Investment building & contents insurance policy.

CommInsure Car Insurance

10% discount off the base premium for Car insurance cover

Loan Protection Insurance

Save 5% p.a. on Loan Cover, Loan Repayment Cover and Joint Cover premiums

Life, Trauma, Total and Permanent Disability, and Income Protection Insurance

If you apply for these types of insurance with a Commonwealth Financial Planning adviser, save 5% in the first year, then 4% in the second year, 3% in the third year, 2% in the fourth year and 1% in the fifth year. No discount applies from the sixth year onwards. 

 

Important information

• 1. Total home lending balance is the sum of the account balance of home lending accounts and the credit limit of the line of credit accounts that you have with us. Any extra repayment that you make on your home loan will reduce your total home lending balance.
• 2. Excludes non-Commonwealth Bank ATMs here and all ATMs overseas, EFTPOS and Debit MasterCard transactions overseas or involving currency conversion, transfer group payments to third parties, International Money Transfers and separate services such as bank cheques, periodic payments and transfers/deposits to other banks.
• 3. Does not include One Year Guaranteed Rate Home Loans and Investment Home Loans, 12 Month Discounted Variable Rate Home Loans and Investment Home Loans, Economiser Home Loans and Investment Home Loans, 3 Year Special Economiser Home Loan and Investment Home Loans or Rate Saver Home Loans and Investment Home Loans.
• 4. The Bank will not charge any upfront establishment fees on Home Loans or Investment Home Loans under the Package. However, a deferred establishment fee may be payable if the Home Loan or Investment Home Loan is repaid in full within four years from the funding date of the loan but excluding repayment during a guaranteed interest rate period. Switching to another loan type permitted by us does not constitute repayment but a switching fee will apply.
• 5. Does not include Economiser Home Loans / Investment Home Loans and 3 Year Special Economiser Home Loan / Investment Home Loan and 3 Year Special Rate Saver Home Loan/Investment Home Loan.
• 6. The Viridian Reference Rate is determined by the Bank and is generally linked to wholesale market rate movements and is set every quarter. The customer margin (currently 1.50% pa but subject to change) is set when a Viridian Line of Credit is established and is guaranteed for one year from that date.
• 7. The Residential Equity Rate generally moves in line with market conditions, can change at any time and no customer margin applies.
• 8. The Bank will not charge any upfront establishment fees on Personal Loans under the Package. However, a deferred establishment fee may be payable if the Personal Loan is repaid in full within two years from the funding date of the loan but excluding loans with a one or two year term.
  
• 9. Term Deposit is offered by the Commonwealth Bank of Australia ABN 48 123 123 124. Does not apply to Term Deposit Headline rates, special offers or in conjunction with any other bonus interest offers.
• 10. Commonwealth Financial Planners are authorised representatives of Commonwealth Financial Planning ABN 65 003 900 169, AFSL 231139. A Commonwealth Financial Planner will take into account your individual needs and objectives and provide recommendations to both grow and protect your wealth. These recommendations will be documented in a ‘Statement of Advice’. The total fee charged for preparation will be agreed by you and your adviser depending on the complexity of the advice required. The applicable fee, with discount applied will be agreed during your first appointment, before the Statement of Advice preparation begins.
• 11. Insurance refers to products offered by CommInsure a registered business name of Commonwealth Insurance Limited ABN 96 067 524 216 (CIL) and The Colonial Mutual Life Association Society Limited ABN 12 004 021 809 (CMLA) both wholly owned but non-guaranteed subsidiaries of the Commonwealth Bank of Australia. CommInsure Home and Car Insurance are offered by CIL, Loan Protection is offered by CMLA. Where CommSec or Commonwealth Bank acts as an agent for CIL or CMLA, CommSec or Commonwealth Bank receive a commission from CIL or CMLA respectively. Applications for Loan Protection are subject to assessment and the settlement and funding of your loan or establishment of your line of credit facility. Product Disclosure Statements (PDS) are available for these products by calling 13 24 23 (8am - 8pm 7 days a week), visiting comminsure.com.au or from any branch of the Commonwealth Bank. The PDS should be considered before making any decisions about these products
• General Information and Terms and Conditions for Debit MasterCard or Streamline accounts and Term Deposits are available on this website or from any branch of the Commonwealth Bank. Bank fees and Government charges apply. If you have a complaint, the Commonwealth Bank's dispute resolution process can be accessed on 13 2221.  
• As this advice has been prepared without considering your objectives, financial situation or needs, you should before acting on this advice, consider its appropriateness to your circumstances.  Applications for finance are subject to the Commonwealth Bank's normal credit approval. Full terms and conditions will be included in the Commonwealth Bank's offer of finance. Other terms and conditions are available upon application. Other fees and charges are payable.
• View our Consumer Mortgage Lending Products Terms and Conditions