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Commonwealth Bank Overview

The Commonwealth Bank was founded 1911 and began operating in 1912, authorised to conduct  savings and banking business. It has since expanded to a business with over 700,000 shareholders and more than 38,000 employees.

The Commonwealth Bank is one of Australia's leading providers of financial services, offering an extensive range of personal, business and corporate banking products and services which include Home Loans, Personal Loans, Business Loans, Credit Cards, Bank Accounts, Investments & Superannuation, Insurance.

All Commonwealth banking and savings accounts are protected for up to $1 million per customer by the Federal Government Deposit Guarantee fee-free.

 

Commonealth Bank offer an extensive variety of credit cards covering all types of benefits across its range. Whether you're looking for exclusive bonuses in exchange for your spending, low standard rates, Gold or Platinum cards, reward points for every dollar spent, low annual fees, or a long list of benefits and concierge services such as annual travel insurance and Purchase Security Insurance, Commonwealth Bank credit cards have a solution for you.

Commonwealth Bank credit cards come with up to 55 days interest free on purchases (where applicable), providing careful spenders time to settle balances in full, thus paying no interest for using their credit cards.

 

With Commonwealth bank accounts you don't have to worry about being charged the earth in bank fees, with selected accounts offering bonus fee free accounts when meeting certain criteria. For example, deposit at least $2,000 per month into your bank account and qualify for a fee free account.

Commonwealth bank accounts allow you to pay for all of your everyday purchases at most retail outlets, online, and over the phone using your Debit MasterCard, giving you 24/7 access to your money at one of any 27 million locations throughout the world with unlimited fee free withdrawals on selected accounts.
Commonwealth offers a range of savings accounts, each tailored to meet a specific set of requirements commonly sought after by savers. Each account is different, allowing you to decide which features are most likely to suit your needs, giving you the best support for achieving your saving goals.

Whether you're looking to kick off your savings by making your fist opening deposit, you want to be rewarded for making a single monthly deposit without making any withdrawals, or you wish to deposit savings accumulated over time such as a superannuation fund, so you can to sit back and watch them grow from a great interest rate, Commonwealth savings accounts have a solution that is ideal for your individual needs.

Making your savings plan a reality and achieve your goals with a Commonwealth savings account
Commonwealth Bank Term Deposits provide savers with an alternative to traditional savings accounts. Unlike regular accounts, term deposits offer a guaranteed return on your investment that can be calculated so you know exactly where you stand.

You work hard for your money, but with a Commonwealth Bank term deposit your funds will be working hard for you, providing you with a regular income while you sit back and watch your money grow. Your rate will remain the same for the duration of the term, so you are able to calculate exactly how much interest you will earn for the term you agree to.

Choose from a range of terms ranging between a month and a year to suit your financial needs, investing from a minimum of $5,000 up to $499,999.99.

All Commonwealth Bank Term Deposits of up to $1 million per customer are protected by the Federal Government Deposit Guarantee free of charge, allowing you to be confident that your funds are 100% secure.

Commonwealth Bank News

Commonwealth Bank: Debit and credit card transaction value drops 0.3%
The latest Commonwealth Bank Business Sales Indicator has revealed that the transaction value of debit and credit cards reduced in June. ...
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Tue 20th Jul, 2010
Commonwealth Bank cuts interest rate on fixed rate loans
The interest rate on a number of Commonwealth Bank fixed rate loan products has been decreased. ...
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Wed 16th Jun, 2010
Commonwealth Bank wins awards, but misses out on credit card accolade
The Australian Financial Institution of the Year award for retail has gone to the Commonwealth Bank. ...
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Fri 4th Jun, 2010
Add new Commonwealth Bank account on Apple iPad
Netbank is now available on the Apple iPad. ...
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Tue 1st Jun, 2010
Cash drained from some Commonwealth Bank accounts
Some Commonwealth Bank customers may have become victims of ATM skimming, it has been revealed. ...
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Thu 20th May, 2010