CommBank
Commonwealth Direct Investment Account
A cash management account for investors allowing you to trade and transact when and where it suits you.
Savings & transaction accountsBank updated 23 Sept 2026
At a glance
- Base rate
- 0.65%
§ 01 — Rates · 9
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableThe interest rate that applies to overdrawn amounts. | — | — | — | 14.90% | — | — |
| VariableCommsec and Private Bank rates for balance less than $50,000. | — | — | up to $49,999 | 0.65% | — | paid every 1 mo |
| VariableSelf-managed superfunds (SMSF) that elect the SMSF Commonwealth direct investment account option with a balance less than $50,000. | — | — | up to $49,999 | 1.90% | — | paid every 1 mo |
| VariableCommsec and Private Bank rates for balance above $1,000,000. | — | — | $1,000,000+ | 2.45% | — | paid every 1 mo |
| VariableSelf-managed superfunds (SMSF) that elect the SMSF Commonwealth direct investment account option with a balance over $1,000,000. | — | — | $1,000,000+ | 2.75% | — | paid every 1 mo |
| VariableCommSec and Private Bank rates for balance between $250,000 and $999,999. | — | — | $250,000–$999,999 | 1.80% | — | paid every 1 mo |
| VariableSelf-managed superfunds (SMSF) that elect the SMSF Commonwealth direct investment account option with a balance between $250,000 and $999,999. | — | — | $250,000–$999,999 | 2.75% | — | paid every 1 mo |
| VariableCommsec and Private Bank rates for balance $50,000 and $249,999. | — | — | $50,000–$249,999 | 1.40% | — | paid every 1 mo |
| VariableSelf-managed superfunds (SMSF) that elect the SMSF Commonwealth direct investment account option with a balance between $50,000 and $249,999. | — | — | $50,000–$249,999 | 2.75% | — | paid every 1 mo |
§ 02 — Fees · 13
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Unpaid cheque or debit fee | Dishonour | $5capped $5 / 1 mo | — | When we dishonour a cheque or debit presented to us because there isn't enough money in your account. We may waive certain fees or charges at our discretion. The failure by us to charge any fee or ch… |
| Cheques negotiated fee | Event | $3 | — | When you write a cheque that needs to be negotiated through the clearing system. |
| Overdraw fee | Event | $15capped $5 / 1 mo | — | A fee charged when you exceed the available funds in your account or any agreed overdraft limit on a given day. This is charged once per account per day, irrespective of the number of overdrawing tra… |
| Paper statement fee | Event | $2.50 | — | A fee charged where you ask us to give you an additional account statement outside the standard cycle. |
| Stamp duty on Norfolk Island cheques | Event | $0.20 | — | A fee on cheques issued on Norfolk Island. |
| Stop payment fee | Event | $15 | — | When you ask us to stop payment on a cheque. |
| Transaction listing or ad-hoc paper statement fee | Event | $2.50 | — | Issue of paper copy of transaction listing, past statements or ordered statements. |
| Access fee - Overseas purchases | Purchase | 3.50% of transaction | — | Purchases made overseas or in Australia (e.g. online), where the merchant is located overseas or the financial institution or entity processing the transaction is located overseas. |
| Access fee - Overseas ATMS | Withdrawal | $2 | — | When you take money out at ASB ATMs in New Zealand or CommBank ATMs outside Australia. |
| Access fee - Overseas cash withdrawals | Withdrawal | $5 | — | Any other cash withdrawal overseas will incur a fee of $5.00 plus 3.5% of transaction value. |
| Access fee - Overseas cash withdrawals | Withdrawal | 3.50% of transaction | — | Any other cash withdrawal overseas will incur a fee of $5.00 plus 3.5% of transaction value. |
| Assisted withdrawal fees | Withdrawal | No fee | — | There is no charge when you take money out at a CommBank branch, a post office, agency, with telephone banking if using an operator or by cashing a cheque. |
| CBA ATM cash withdrawals in Australia | Withdrawal | No fee | — | Free |
§ 03 — Features
Instant paymentsPayIDUnlimited transactions4 additional cards
- · Link your CDIA to eligible CommSec and CommBank investment products to enjoy the convenience of settling trades with ease and access lower brokerage with CommSec. Subject to terms and eligibility cri…
- · Maintain easy access to funds and receive discounted brokerage with CommSec.
- · Trade and transact, anywhere, anytime, with full access to your funds.
- · 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.
§ 04 — Eligibility & limits
- · Minimum age 18
- · Amount — to $2,000
- · You can apply if you are opening the account in a personal, joint, company, SMSF or trust name.
- · You must be an Australian registered or incorporated company; Australian Trust or Self-Managed Super Fund (SMSF).
- · You must have an Australian residential address.
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by CommBank under the Consumer Data Right, last changed by them on 23 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.