Aug 11, 2026 – 12.00pmCommonwealth Bank, the country’s largest home lender and deposit bank, has again waded into the war for transaction accounts, amid an increase in cashback offers and fierce competition for customers and funding.CBA has joined a raft of lenders offering inducements to customers who open a new transaction account. The move comes amid a marked slowdown in demand for mortgages, following three interest rate rises this year and a controversial decision to cut negative gearing and capital gains tax discounts.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles