Term deposit

A term deposit is a low-risk investment that is ideal for maximising any surplus cash you may have in your business. As the interest rate is fixed for the term you select, you’ll have the security of knowing that your interest income is protected from fluctuations in investment markets.

With a term deposit, you can:

• Open an account with a minimum of $5,000
• Select the term of your deposit to suit your business’ needs
    - From seven days up to five years for investments greater than $500,000
    - From one month to five years for investments less than $500,000
• Choose from a wide range of interest payment options: four-weekly, six-monthly, compound six-monthly, annually and compound annually

Business benefits

• Access competitive fixed interest rates
• Enjoy the security of a competitive rate of return
• Benefit from the flexibility of a wide range of terms and interest payment options
• Foreign currency term deposits are also available.

• Important information. As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances.
• All products mentioned on this web page are issued by the Commonwealth Bank of Australia, view our Financial Services Guide (PDF 59kb). View Product Disclosure Statement (PDS) for Foreign Currency Term Deposit (PDF 141kb) and our General Information and Terms and Conditions for Term Deposits (PDF 247kb) and consider them before making any decision about these products.
  
  If you have a complaint, the Bank’s dispute resolution process can be accessed on 13 2221.