Commonwealth Bank Wealth or MAV Package

Mortgage Advantage Tier Discounts for Variable Rate Loans

>$150K to $350K - 0.50% of the variable rate

>$350K to $750K - 0.60% of the variable rate

>$750K+ - 0.70% of the variable rate

1 Year Guaranteed and 12 Month Discounted Variable Rate

> $150K - 0.40% (discount applies after the completion of the Intro Rate only).

Fixed Rates

> $150K -  0.15% discount on standard fixed rates. (Variable - ongoing rate shown on Fixed Rate products is based on the <$350k tier)

Other Benefits

Interest rate and fee concessions on new Commonwealth Portfolio Loans

Concessions available on Commonwealth Bank Personal Loans

MAV Package available in the company name

Discounts for New Life, Trauma, and Permanent disability Insurance when applied via CBA Financial Planning Adviser

Discount on the base premium for Car Insurance cover

$330 off the fee for the preparation of a personal finance plan or a Statement of Advice by a Commonwealth Financial Planner

Credit cards are no longer mandatory, however an active transaction account or Credit Card is required to charge the package fee. 

Family Support Policy

 The Family Equity option has been introduced to help first home buyers and families to enter the property market. Under Family Equity, parental help (or help from immediate family) may be used for servicing and/or security support.

This may take the form of either:

1)Guarantors providing Security support only

2)Guarantors providing Servicing support only

3)Guarantors providing Security and Servicing support, or

4)Provision of funds greater than value of property to be purchased is available.