Summary

Grow your investment funds

If you've sold a property or cashed-in a share portfolio, a Cash Investment Account could be the ideal place to grow your funds while you plan your next move. Earn competitive daily interest on balances of $10,000 or more, with full access to your money when you're ready to invest again.

Rates & Fees

Interest rates

All rates displayed in the table below are per annum and amounts are in Australian Dollars.
Rates are current as at 09/12/2009.

Balance	Interest Rate
Balances from $0 to less than $10,000	0.01%
Balances between $10,000 and $19,999	1.95%
Balances between $20,000 and $49,999	2.45%
Balances between $50,000 and $99,999	2.45%
Balances between $100,000 and $249,999	3.00%
Balances between $250,000 and $499,999	3.00%
Balances over $500,000	3.25%

Fees & charges

Cash Investment Account monthly account fee: AUD $5.00

Withdrawal fees

Your monthly fee entitles you to make a total of five assisted or electronic withdrawals each month (with a maximum of two assisted withdrawals). Fees apply for excess withdrawals as follows and are quoted in Australian Dollars:

Transaction Type	Charge
Transfers made at a Commonwealth Bank ATM	$0.30
Direct entry debit or periodical payment	$0.30
All transfers or payments made through NetBank or telephone banking	$0.30
EFTPOS cash withdrawal or purchase	$0.50
ATM cash withdrawal	$0.50
All cheques written by you and negotiated through the clearing system (excluding those cashed over-the-counter at a Commonwealth Bank branch).	$1.00
All assisted withdrawals in a branch or via telephone banking (including cheques issued on your account and cashed over-the-counter at a Commonwealth Bank branch).	$2.00

Non-Commonwealth Bank ATM fees

An Access Fee will be charged on withdrawals and account balance enquiries you make through an ATM of ASB Bank in New Zealand, Commonwealth Bank in Indonesia and Commonwealth Bank in Vietnam of AUD $2.00 each

Note: The Bank will not charge Access Fees on withdrawals or account balance enquiries on deposit and transaction accounts (including MISA), home loans, investment home loans, lines of credit and personal loans through non-Commonwealth Bank ATMs in Australia.  However, ATM owners may charge a fee, which will be disclosed at the time of the transaction. If you proceed with the transaction, the ATM owner's fee will be debited to your account (in addition to the withdrawal amount, if applicable).  You should check the ATM owner's fees that apply carefully before completing transactions at non-Commonwealth Bank ATMs in Australia.

International ATMs and EFTPOS

To make travelling easier, you can use your Commonwealth Bank keycard in any international ATM carrying the Cirrus, Maestro or Visa Plus signs and also for most EFTPOS purchases. The following fees apply:

Purchase Type	Charge
Maestro EFTPOS purchase	AUD$1.00 + 2.00% of transaction value
Cirrus or Visa Plus ATM balance enquiry	AUD$2.00
Cirrus ATM cash withdrawal	AUD$5.00 + 2.00% of transaction value
Visa Plus ATM cash withdrawal	AUD$5.00 + 2.00% of transaction value

Important information

• The information on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on this information, consider its appropriateness to your circumstances. Please view our Financial Services Guide. Full terms and conditions for the transaction and savings accounts mentioned are available here or from any branch of the Commonwealth Bank. Bank fees and charges apply.
• Rates are effective as at 09 December 2009 but are subject to change.
• All quoted fees are subject to change. You may be exempt from the monthly account fee. This applies to:
  • Customers who are under the age of 18, or personal trust accounts where the beneficiary of the account is under 18. The exemption will be applied automatically.
  • Customers who are reliant on over-the-counter services because of a disability that prevents them from using electronic banking facilities. The exemption will apply to a nominated account. Customers can apply for this exemption at their local branch.
  • Customers with a "Relationship Balance" of AUD $50,000 or more in eligible accounts. For more details on how the "Relationship Balance" exemption works, please see our Transaction, Savings and Investment Accounts General Information and Terms and Conditions, available from any branch of the Bank

Features:

Full access

Your Cash Investment Account gives you ready access to your funds when you want them. Make use of ATMs, NetBank, EFTPOS, telephone banking or any Commonwealth Bank branch.

Cheque-book convenience

For added convenience, apply for an optional cheque-book to go with your account.

Earn competitive daily interest

Watch your cash grow at up to 3.25% p.a.1 on balances of AUD $500,000 or more.

Interest calculated daily

With interest calculated every day and credited monthly, you'll notice the returns right away.

Regular savings plan

Set it up and forget about it. A regular savings plan takes care of your savings, so you don't have to worry. You set the amount, you set the date. Plus you can change your plan when you like so you won't feel locked in.

Important information

1. Rates are effective as at 09 December 2009 but subject to change.

The information on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on this information, consider its appropriateness to your circumstances. Please view our Financial Services Guide. Full terms and conditions for the transaction and savings accounts mentioned are available here or from any branch of the Commonwealth Bank. Bank fees and charges apply.

What You'll Need:

What you'll need to apply

• Be 16 years old or over
• Parental approval is required if you are under 16 years of age
• Your arrival city and estimated arrival date in Australia

Who can apply?

• Migrants to Australia
• Returning Expats
• Students looking to study in Australia
• Working holiday makers
• The account must be in personal names (no Company or Trading Accounts)
• Applications for accounts where funds are held in trust cannot be accepted online. If you wish to open a trust account, please apply at any branch of the Bank
• Joint accounts (where applicable) can include up to a maximum of two account holders

If you have any questions, are unable to apply online or would like to open your account over the phone, please call +44 (0)20 7710 3995 between the hours of 9am - 5pm, Monday to Friday.

Apply Now:

Important Information

Before commencing your online application, please read the Commonwealth Bank's Financial Services Guide as well as the following information on the Bank's Privacy Policy. Then select 'continue' button at the bottom of the page.

Privacy Acknowledgment and Consent

Collection of personal information:

We collect personal information (including customers' full name, address and contact details) so that we may administer our customer relationships and provide customers with the products and services they request as well as information on the Commonwealth Bank Group's products and services.

Where it is necessary to do so, we also collect information on individuals such as customers' agents and persons dealing with us on a "one-off" basis.

The law can also require us to collect personal information - eg, Commonwealth legislation requires us to identify persons who open or operate accounts.

We may take steps to verify the information we collect; eg. a birth certificate provided as identification may be verified with records held by the Registry of Births, Deaths and Marriages to protect against impersonation.

You must provide us with accurate and relevant information. If you provide us with incomplete or inaccurate information we may not be able to provide you with the products or services you are seeking.

Other members of the Commonwealth Bank Group are permitted by the Privacy Act to disclose personal information to other members of the Commonwealth Bank Group. This enables the Group to have an integrated view of its customers.

Other disclosures

Personal information may be disclosed to:

• brokers and agents who refer your business to us;
• any person acting on your behalf, including your financial adviser, solicitor or accountant, executor, administrator, trustee, guardian or attorney;
• organisations to whom we outsource certain functions.

In all circumstances where our contractors, agents and outsourced service providers become aware of personal information, confidentiality arrangements apply. Personal information may only be used by our agents, contractors and outsourced service providers for our purposes.

We may also disclose personal information to other financial institutions and organisations at their request if you seek credit from them.

We may be allowed or obliged to disclose information by law, eg, under Court Orders or Statutory Notices pursuant to taxation or social security laws.

Access of Information

You may (subject to permitted exceptions) access your information by contacting: Customer Relations, Commonwealth Bank Group, Reply Paid 41, Sydney NSW 2001. We may charge you for providing access.

Further information

For further information on our privacy and information handling practices, please refer to our Privacy Policy Statement, which is available at commbank.com.au or upon request from any branch of the Bank.

Account opening conditions

An opening deposit is required to be remitted into this account within four weeks from the date of account opening. Failure to do so may result in its automatic closure.

Until your account is formally activated in person, a stop will remain on the account preventing any withdrawal of funds. To activate your account you will need to take a copy of your account opening letter (this is forwarded to your nominated postal or email address), along with your passport to your nominated Branch.

A Debit card and PIN number will be ordered for all applicants on the account and will be available for your collection at your nominated Commonwealth Bank branch in Australia, details of this branch will be provided on account opening.