Rates & Fees

Standard interest rates¹

Balance	Interest rate2
$0 - $999	2.00% p.a.
$1,000 - $4,999	2.35% p.a.
$5,000 - $9,999	2.70% p.a.
$10,000 - $49,999	3.25% p.a.
$50,000 and over	3.75% p.a.

 

Fixed Term option rates ($5,000 minimum)³

Term	Interest rate2
1 year	2.55% p.a.
2 years	2.90% p.a.
3 years	3.40% p.a.
4 years	3.65% p.a.
5 years	3.75% p.a.

Fees

 

The Superannuation Savings Account has no transaction, management or entry fees. There is just one annual administration fee of $25 payable on accounts with balances in excess of $1,000.

For more information, see Part 1 – General information of the Superannuation Savings Account Product Disclosure Statement.

Notes

1. Superannuation Savings Account standard interest rates changed as at 12th December 2008. Interest on the Standard Rate component is calculated daily on the full balance and paid quarterly on the 15th of March, June, September and December.

2. Gross rate of interest before deduction of government earnings tax.

3. Fixed term option interest rates effective 12th December 2008. Interest on the fixed term option is calculated daily and credited six-monthly and at maturity. Interest is compounded in the fixed term option.

The information provided is subject to change without notice.

Important information

• Commonwealth Bank Superannuation Savings Account (Superannuation Savings Account) is a retirement savings account established and maintained pursuant to the terms of the Retirement Savings Accounts Act 1997. Any future changes to the Act and regulations may result in changes to the terms and conditions set out in the Product Disclosure Statement. The Superannuation Savings Account is offered by Commonwealth Bank of Australia
  ABN 48 123 123 124 AFSL 234945 (the Bank) and is administered by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035, a wholly owned but
  non-guaranteed subsidiary of the Bank.
• 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. For more information about the product, download the Product Disclosure Statement (PDS), provided in two parts- Part 1 – General information and Part 2 – Latest interest rates - as well as the Tax and other information brochure. You can also call one of Customer Service Representatives on 13 2015, between 8.30am and 6pm (Sydney time), Monday to Friday or visit any Commonwealth Bank branch. You should consider the Product Disclosure Statement before making a decision about the Superannuation Savings Account.
• Download a printable PDF version of the Commonwealth and Colonial Products Financial Services Guide (FSG).