Commonwealth Bank Mortgage Interest Saver Account - Savings Accounts

Commonwealth Bank Mortgage Interest Saver Account

Do you need a savings account to complement your home loans? Do you want a savings account that enables you to save more money on interest? Commonwealth Bank has a great savings offer that enables you to earn a lot of money in interest--the Commonwealth Bank Mortgage Interest Saver Account (MISA). With MISA, not only do you save money, you also shorten your home loan's time period of payment. The MISA also enables you to set off the saving account's balance against your home loan's balance. This decreases the amount of interest that is paid on loans and enables you to finish interest payments sooner. The Commonwealth Bank Mortgage Interest Saver Account does not accumulate interest and you don't need to pay income tax for it.

For home loans and home investment loans, the MISA offers the following interest rates: one year guaranteed rate at a low p.a. interest rate; fixed rate at low p.a. interest; six month discounted variable rate at low p.a. interest rate; standard variable rate at low p.a. interest rate ; and one year discounted variable rate at a low p.a. MISA also has partial set-off on fixed rate home loans/home investment loans. Commonwealth Bank does not charge transaction fees for MISA deposits and withdrawals. To get full information about the MISA, go to your nearest Commonwealth Bank branch.