What Type of Services or Products Does the Commonwealth Bank of Australia Offer?


Quick Answer

The Commonwealth Bank of Australia offers home loans, savings accounts, credit cards, personal loans and several types of insurance, according to its website. Other services include online banking, investment vehicles, international banking services, financial planning and premier banking.

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Full Answer

The Commonwealth Bank of Australia offers savings accounts, transaction accounts and term deposits on its website. Its home loans include a 12-month fixed-rate plan, a three-year variable-rate plan, and three-year and five-year plans with fixed package rates; as of July 2015, the five-year offering has an annual rate of 4.79 percent. Account holders are offered credit cards, including CommBank Awards, which features a vast rewards program, the Low Rate card, which has an interest rate of 13.49 percent per annum on purchases, and the Low Fee card, which offers $0 in annual fees during the first year.

Investors with Commonwealth Bank of Australia accounts have access to MyWealth, a platform that allows them to set up, observe and manage their investments, as the site explains. The bank also offers CommSec, which is an online educational platform that keeps investors updated with market news and insights. Account holders who wish to invest in diversified assets while benefiting from a fund manager's knowledge can use the bank's managed funds program.

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