Through the partnership, Commonwealth Bank (CBA) customers can access health insurance and receive up to $760 cash paid directly into their CBA account each membership year. 

Alternatively, customers can opt for the equivalent value in vouchers from AIA Vitality partners, such as Woolworths, Uber, Bunnings, and Rebel Sport. 

Need somewhere to store cash and earn interest? The table below features introductory savings accounts with some of the highest interest rates on the market.

Provider

4000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
  • Bonus rate for the first 4 months from account opening
  • No account keeping fees
  • No minimum balance

High Interest Savings Account (< $250k)

  • Bonus rate for the first 4 months from account opening
  • No account keeping fees
  • No minimum balance
010000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

Savings Maximiser (<$100k)

    010000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
    • Earn up to 5.40% pa by depositing $1,000 in the previous month
    • No account fees
    • Easy access to your money

    Saver Account (<$250k)

    • Earn up to 5.40% pa by depositing $1,000 in the previous month
    • No account fees
    • Easy access to your money
    4000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
    • A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking
    • No withdrawal notice periods or interest rate penalties

    Savings Account (Amounts < $250k)

    • A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking
    • No withdrawal notice periods or interest rate penalties
    05001$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
    • Maximum Age - 24

    Goal Saver

    • Maximum Age - 24
    02000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
    No monthly fees
    • Download the App to open your account
    • Get better visibility of your spending within App!
    • Deposit $200 per month to activate bonus interest
    No monthly fees

    Save Account

    • Download the App to open your account
    • Get better visibility of your spending within App!
    • Deposit $200 per month to activate bonus interest
    0200$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
    • No fees or penalties for withdrawing money
    • Savings guaranteed up to $250,000
    • Maximise your savings and reach your goals faster with Auto-Savings

    Bonus Saver Account (Amounts < $250k)

    • No fees or penalties for withdrawing money
    • Savings guaranteed up to $250,000
    • Maximise your savings and reach your goals faster with Auto-Savings
    010000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
    For customers aged 14-35 years
    For customers aged 14-35 years

    Future Saver Account ( < $50k)

      010000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

      Boost Saver

        Important Information and Comparison Rate Warning

        All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here. Rates correct as of April 16, 2024. View disclaimer.

        Customers who purchase health insurance policies will gain access to the AIA Vitality Program, which rewards members for making healthier choices and grants them access to greater rewards. 

        The AIA Vitality Program markets itself as a personalised, science-backed health and wellbeing program, designed to help customers stay active and motivated. 

        Research from CBA found 70% of millennials were unsure what rewards exist as part of their private health insurance. 

        Additionally, 75% said they would be more likely to achieve their health and fitness goals if they had the right financial motivations. 

        Dr Gina Cleo, Director of Habit Change Institute, said rest and organisation was vital to achieving health goals. 

        "This generation of Australians are known for their hard work ethic and busy daily schedule, so it’s important to form habits that provide a healthy break from the grind," Dr Cleo said.

        "Once we begin to set aside time in our day for things such as a short walk or home cooking, we begin to prioritise self-care and allow time to rejuvenate and motivate ourselves to stay on track and achieve our goals.” 

        CBA found 95% of young Australians admitted they could do a better job of self-care, which Dr Cleo said could be achieved by simply allocating time in the day to create healthier habits. 

        The bank revealed in December it had forked out more than $3.2 million in rewards to its customers through its loyalty program, CommBank Rewards. 

        Launched in late 2019, the scheme offers eligible customers access to cashback savings from over 90 retailers across the food, entertainment, and electronics sectors. 

        Meanwhile, COVID has seemingly accelerated the 'death spiral' of private health insurance, with rising health insurance premiums and dwindling membership numbers magnified through the pandemic. 

        However, private health insurance premiums will increase by only 2.74% on average this year: The lowest ongoing annual premium change in almost two decades. 

        In 2019, premiums rose 3.25%, while in 2020 they rose 2.92%. 

        Photo by Fitsum Admasu on Unsplash