Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
Retail fund
Essential Super is an accumulation product that can be managed through the CommBank app. It offers an age-based default and a smaller investment menu than a full platform.
Members can apply through NetBank or the CommBank app after registration. Check the PDS and target market determination for eligibility and whether the product fits your intended use.
Retail fund brand
Raiz Invest Super gives members ready-made portfolios and a Plus option that allows more investment customisation through the Raiz app.
Available under the current Raiz Invest Super PDS and member guide.
Choose the actual investment pathway for each account. For lifecycle products, select the named stage relevant to you. No stage is selected automatically.
The costs and returns belong to the selected product, option or lifecycle stage.
Source: APRA Comprehensive Product Performance Package 2026, published 28 August 2026. Fees reflect the reporting year to 30 June 2026, are net of tax, use standard arrangements and exclude member-activity fees. Dollar figures are rounded. They are not a current quote. Check the latest PDS for changes, insurance premiums and any separately charged advice.
Returns are annualised historical results. Different return bases, risk levels and periods cannot be treated as interchangeable. MySuper net returns use a $50,000 representative balance even when you change the fee balance. A lifecycle stage return does not track a person moving between stages. Missing figures mean not reported, not zero. Past returns do not predict future returns. Read our method and APRA's definitions.
| What to compare | Essential Super | Raiz Invest Super |
|---|---|---|
| Membership and access | Members can apply through NetBank or the CommBank app after registration. Check the PDS and target market determination for eligibility and whether the product fits your intended use. Sources14 | Available under the current Raiz Invest Super PDS and member guide. Sources123 |
| Accounts and products | Essential Super distributed by CommBank and provided by CFS; distinct from FirstChoice. Essential Super accumulation Sources12345 | Raiz Invest Super accumulation. Sources123 |
| Investment choices | Lifestage The Lifestage option adjusts investments according to the member's birth cohort. Members can instead choose pre-mixed or DIY investment options, or combine them with Lifestage. The product does not offer a full direct-share trading menu. Sources3 | Nine portfolios include different diversified risk levels, Emerald, Property 10, Property 30 and Plus. Limits apply to shares and selected ETFs in Plus. Sources123 |
| Insurance | Cover is provided through AIA Australia and is subject to eligibility and acceptance. The target-market information flags limitations on cover for an existing illness or injury in some circumstances, with different treatment for tailored cover. Confirm the actual policy before relying on it. Sources125 | Insurance is available when cover is held. The product documents include insurance-policy changes issued in June 2026. Sources123 |
| Retirement income | The current product information says Essential Super is not designed for people who are retired and need a retirement income. Someone approaching drawdown should compare pension products separately rather than assume the banking-app account becomes a pension. Sources1 | The reviewed pages do not establish a dedicated pension account; verify an income-stream pathway before retirement. Sources123 |
| Advice and support | CFS provides product support and disclosure documents. This research has not verified that personal financial advice is included for all Essential Super members; confirm the service available and any cost directly. Sources5 | Product support is available through Raiz. Personal advice should be scoped separately. Sources123 |
| Fee details to check | The cost includes administration, investment and net transaction charges. Buy/sell spreads can also apply to contributions, withdrawals and switches, with insurance additional. The current public comparison uses a particular Lifestage cohort and balance, so it should not be generalized to every member. Sources24 | The $50,000 Plus cost example excludes underlying accessible-product costs, which depend on the investments selected. Include those costs before comparing with a ready-made portfolio. Sources123 |
| Comparing investment performance | Use Essential Super's own Lifestage cohort or chosen investment results. FirstChoice's investment returns are a separate product comparison, even though both are provided by CFS. Match the same age, risk and period. Keep Essential Super separate from FirstChoice and CFS Edge. Include the planned move into a pension when comparing options for someone near retirement. Sources3 | Compare the precise super portfolio, not the returns of a regular Raiz account with different cash flows or fees. Sources123 |
THE SUPERGURU VIEW
The app integration may help someone pay attention to their super, and a limited menu can reduce unnecessary decisions. It still needs to earn its place on investment cost, risk and insurance. The absence of a retirement-income product is a practical issue for members nearing that stage.
Sources1
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE SUPERGURU VIEW
Worth comparing for someone who wants its particular portfolio choices and will use the app to manage their account.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
Use the membership rules to establish which accounts are available to you. Then compare the total price of the investment option and cover you need. A lower fee or higher historical return alone does not tell you which fund is suitable.
Ask both funds to confirm insurance acceptance, exclusions, waiting periods and whether cover would change when you leave your employer. Obtain advice before giving up a defined benefit or an insurance policy you may not be able to replace. ASIC Moneysmart explains the comparison checks.
Read the full Essential Super profile · Read the full Raiz Invest Super profile · Choose another comparison
Checked 2026-09-11. Documents and product terms can change after this date.
Checked 2026-09-11. Documents and product terms can change after this date.