Commonwealth Bank of Australia
Australia's largest bank by market capitalisation and customer base
32 Products Tracked6 Mar 2026
4.85%
Best Savings Rate
4.60%
Best TD Rate
5.59%
Lowest Home Loan
32
Products Tracked
Government Deposit Guarantee (FCS)
Deposits up to $250,000 per account holder are protected under the Financial Claims Scheme. This limit is shared across: CommBank, CBA, Bankwest.
About Commonwealth Bank of Australia
Commonwealth Bank of Australia (CBA) is Australia's largest bank by market capitalisation, serving approximately 17 million customers. Listed on the ASX as CBA, it is headquartered in Sydney, NSW, and has been operating since 1911 — originally established by the Commonwealth Bank Act 1911 as a government-owned bank before being fully privatised in 1996.
CBA is an Authorised Deposit-taking Institution (ADI) regulated by APRA. Other brands operating under the same ADI licence include Bankwest. RatePilot tracks CBA's savings accounts, home loans, term deposits, and credit cards.
Deposits at CommBank are protected under the Financial Claims Scheme (FCS) up to $250,000 per account holder, per ADI. Customers who also hold deposits at Bankwest should note that the FCS limit is shared across both brands, as they operate under the same ADI licence.
Pros & Cons
✓ Strengths
- +Deposits protected under the Financial Claims Scheme (up to $250,000 per account holder)
- +Australia's largest bank by market capitalisation
- +Extensive branch and ATM network across Australia
- +RatePilot tracks savings, home loans, term deposits, and credit cards
✗ Considerations
- –$250,000 FCS limit is shared with Bankwest deposits (same ADI licence)
- –Generally not the highest rates compared to smaller or digital-only banks
Our Verdict
CommBank is Australia's largest bank, serving approximately 17 million customers. It holds an APRA-regulated ADI licence shared with Bankwest, meaning FCS protection up to $250,000 per account holder applies across both brands. RatePilot tracks CommBank's full product range across savings, home loans, term deposits, and credit cards.
Last reviewed: 10 February 2026
Recent Rate Changes
Standard Term Deposit (10 months)
Term Deposits
3.35%→3.40%
6 Mar 2026
Standard Term Deposit (36 months)
Term Deposits
3.90%→4.50%
6 Mar 2026
Standard Term Deposit (34 months)
Term Deposits
3.95%→4.55%
6 Mar 2026
Standard Term Deposit (10 months)
Term Deposits
3.40%→3.45%
6 Mar 2026
Standard Term Deposit (18 months)
Term Deposits
4.35%→4.55%
6 Mar 2026
Standard Term Deposit (36 months)
Term Deposits
3.95%→4.55%
6 Mar 2026
Standard Term Deposit (12 months)
Term Deposits
3.90%→4.40%
6 Mar 2026
Standard Term Deposit (18 months)
Term Deposits
4.35%→4.50%
6 Mar 2026
Standard Term Deposit (36 months)
Term Deposits
3.90%→4.50%
6 Mar 2026
Standard Term Deposit (10 months)
Term Deposits
3.35%→3.40%
6 Mar 2026