Rates & fees
Our
latest rates and fees are displayed below, making it easy for you to compare
products and help make the right financial choices.
Cash management
Business and Corporate cards
Business Transaction Account
fees
Premium Business Cheque Account
Interest Rates
Premium Business Cheque Account
fees
Standard Business Cheque Account
interest rates
Standard Business Cheque Account
fees
Business Online Saver interest rates
Merchant services
- Standard retail product fees
- Specialist retail product fees
- Mobile product fees
- Ecommerce product fees
Loans
BetterBusiness Loan - secured by
residential property
BetterBusiness Loan - where security is other
than residential
BetterBusiness Loan - fixed rate - residentially
secured - linked to fixed rate home loan
Business line of credit/Agribusiness line
of credits
Commonwealth Portfolio Loan
Corporate loan reference rates
Corporate overdraft reference rates
Loan index rates
Overdraft index rates
Excess drawing interest rates
Investments
Agribusiness
Farm Management Account - at call
Farm Management Account - fixed term
International
Cash management
Business and Corporate
cards*
(Effective date 19 December 2011)
| Credit card | Interest rate | Annual fee |
|---|---|---|
| Corporate Charge Card | ||
| Cash advances** | 17.99% p.a. | 1-49 cards $40.00 per card 50-499 cards $32.00 per card 500+ cards $24.00 per card |
| Corporate Credit Card | ||
| Residential security | 7.96% p.a. | Annual fees for all corporate credit
cards: 1-49 cards $40.00 per card 50-499 cards $32.00 per card 500+ cards $24.00 per card |
| Commercial security | 12.50% p.a. | |
| Unsecured/directors’ guarantee | 14.55% p.a. | |
| Business Liability Business Credit Card | ||
| Secured | ||
| Residential security | 7.96% p.a. | $40.00 per card |
| Commercial security | 12.50% p.a. | $40.00 per card |
| Unsecured | ||
| Low rate | 14.55% p.a. | $0 |
| Interest free days | 17.57% p.a. | $60 per card |
| Personal Liability Business Credit Card | ||
| Low rate | Purchase rate 14.55% p.a. Cash rate 14.55% p.a. |
$0 |
| Interest free days | Purchase rate 17.57% p.a. Cash rate 17.57% p.a. |
$60 per card |
| Business awards | Purchase rate 20.74% p.a. Cash rate 21.74% p.a. |
$100 |
| Gold awards | Purchase rate 20.74% p.a. Cash rate 21.74% p.a. |
$150 |
| Platinum awards | Purchase rate 20.74% p.a. Cash rate 21.74% p.a. |
$300 |
* The interest rates and fees quoted are effective as at 24 November 2010.
The Bank reserves the right to change its interest rates and fees at any time.
Applications are subject to normal credit approval. Full terms and conditions
will be included in the loan offer. For details call us on 13
1998 - 24 hours a day, 365 days a year.
** Cash advances are charged from the date of transaction. Purchases are interest free for up to 31 days from the date of purchase. Corporate charge card facilities must be cleared in full monthly.
Business Transaction Account fees
(Effective 1st August 2008)
| Fee type | Fee |
|---|---|
| Monthly base maintenance fee | $10 |
| Fee-free transaction threshold | 300 electronic transactions and Commonwealth Bank ATM cash
withdrawals^; 30 cheque and staff-assisted transactions, including Quick Deposits* |
| Electronic transactions
Commonwealth Bank ATM deposits or transfers in Australia; EFTPOS cash withdrawals or purchases in Australia; Direct Entry debit or credit or periodical payment; transfers or payments made via NetBank and telephone banking. |
20 cents each |
| Commonwealth Bank ATM cash withdrawals in Australia | 55 cents each |
| Quick Deposits
Quick Deposit Box deposits Cheques included in Quick Deposits |
20 cents each 55 cents each |
| Cheque transactions
All cheques drawn by you and deposited to an account (excluding cheques cashed over-the-counter at a Commonwealth Bank branch). Any cheque deposited to your account (excluding cheques deposited via Quick Deposit Box). |
55 cents each |
| Assisted transactions
Deposits and withdrawals made via a teller at any branch; deposits and withdrawals made at Australia Post Offices or any private agency; cheques drawn on your account and cashed over-the-counter at any Commonwealth Bank branch; withdrawals made via telephone banking using an operator. |
95 cents each |
| Non-chargeable transactions
(Transactions which do not attract transaction fees) Debits for Bank and Government charges Daily merchant reconciliation from Commonwealth Bank EFTPOS facility Bank initiated transactions |
The Bank is progressively changing when fees are charged to this account.
During the changeover period, fees will be charged either on the first business
day of the month, or on the first calendar day of the month, depending on the
account and if the account is transitioning on to the new banking platform.
Where applicable, stamp duty and other Government charges will be debited
directly from your account. For further information, please call Local Business
Banking on 13 1998 - 24 hours a day, 7 days a week.
The Business Transaction Account does not have credit interest.
^ At the end of each month, the Bank will rank
these transactions in the following order and transaction fees will apply
to transactions above the 300 threshold.
1. Electronic transactions
2. Commonwealth Bank ATM cash withdrawals
* At the end of each month, the Bank will rank the following
transactions in the following order and transaction fees will apply to
transactions above the 30 threshold:
1. Quick Deposit Box deposits; cheques included
2. Cheque transactions
3. Assisted transactions
Premium Business Cheque Account interest rates
(Effective Date 19 December 2011)
| Balance | Interest Rate (p.a.) |
|---|---|
| $5,000 or less |
0.00% |
| $5,001 to $19,999 |
0.25% |
| $20,000 to $49,999 |
0.40% |
| $50,000 to $99,999 |
1.10% |
| $100,000 to $249,999 |
1.45% |
| $250,000 to $499,999 |
2.25% |
| $500,000 and over |
2.75% |
Rate applies to the portion of the balance greater than $5,000, and is calculated daily and paid monthly.
Premium Business Cheque Account fees
(Effective 1st February 2005)
| Fee type | Fee |
|---|---|
| Monthly base maintenance fee | No fee if the balance remains at or above $10,000 during the month. $15 if the balance falls below $10,000 at any time during the month. |
| Fee-free transaction threshold | Up to 40 free transactions* |
| Electronic transactions
Commonwealth Bank ATM deposits or transfers in Australia; EFTPOS cash withdrawals or purchases in Australia; Direct Entry debits or credits or periodical payments; transfers or payments made via NetBank, and telephone banking. |
20 cents each |
| Commonwealth Bank ATM cash withdrawals in Australia | 55 cents each |
| Quick Deposits
Quick Deposit Box deposits Cheques included in Quick Deposits |
20 cents each 55 cents each |
| Cheque transactions
All cheques drawn by you and deposited to an account (excluding cheques cashed over-the-counter at a Commonwealth Bank branch). Any cheque deposited to your account (excluding cheques deposited via Quick Deposit Box). |
55 cents each |
| Assisted transactions
Deposits and withdrawals made via a teller at any branch; deposits and withdrawals made at Australia Post offices or any private agency; cheques drawn on your account and cashed over-the-counter at any Commonwealth Bank branch; withdrawals made via telephone banking using an operator. |
95 cents each |
| Non-chargeable transactions
(Transactions which do not attract transaction fees) Debits for Bank and Government charges Daily merchant reconciliation from Commonwealth Bank EFTPOS facility Bank initiated transactions |
The Bank is progressively changing when fees are charged to this account. During the changeover period, fees will be charged either on the first business day of the month, or on the first calendar day of the month, depending on the account and if the account is transitioning on to the new banking platform. Where applicable, stamp duty and other Government charges will be debited directly to your account. For further information, please call Local Business Banking on 13 1998 - 24 hours a day, 7 days a week.
* At the end of each month, the Bank will rank the transactions
in the following order and transaction fees will apply to transactions above
the 40 threshold:
1. Commonwealth Bank ATM cash withdrawals in Australia
2. Electronic transactions
3. Quick Deposit Box deposits; cheques included in Quick Deposits
4. Cheque transactions
5. Assisted transactions
Standard Business Cheque Account
interest rates
Relationship managed clients only
(Effective 5th December 2008)
| Product | Conditions | Interest rate (p.a.) |
|---|---|---|
| Standard Business Cheque Account | Less than $5,000 |
0.01% |
| $5,000 and over |
0.05% |
|
| Cheque Account Not Bearing Interest | There is a fee rebate of $1.50 for every $1,000 in the minimum monthly balance maintained in the account. |
Nil |
The Bank is progressively changing when interest is paid to these accounts. During the changeover period, interest will be paid either half yearly on the first business day of the month, or monthly on the first calendar day of the month, depending on the account and if the account is transitioning on to the new banking platform.
Standard Business Cheque Account fees
Relationship managed clients only
(Effective 1st January 2005)
| Fee type | Fee |
|---|---|
| Monthly base maintenance fee | $5 |
| Fee-free transaction threshold | N/A |
| Electronic transactions
Commonwealth Bank ATM deposits or transfers in Australia; EFTPOS cash withdrawals or purchases in Australia; Direct Entry debits or credits or periodical payments; transfers via NetBank and telephone banking. |
20 cents |
| Commonwealth Bank ATM cash withdrawals in Australia | 55 cents each |
| Quick Deposits
Quick Deposit Box deposits Cheques included in Quick Deposits |
20 cents each 55 cents each |
| Cheque transactions
All cheques drawn by you and deposited to an account (excluding cheques cashed over-the-counter at a Commonwealth Bank branch). Any cheque deposited to your account (excluding cheques deposited via Quick Deposit Box). |
55 cents each |
| Assisted transactions
Deposits and withdrawals made via a teller at any branch; deposits and withdrawals made at Australia Post offices or any private agency; cheques drawn on your account and cashed over-the-counter at any Commonwealth Bank branch; withdrawals made via telephone banking using an operator. |
95 cents each |
| Non-chargeable transactions
(Transactions which do not attract transaction fees.) QuickLine transactions Debits for Bank and Government charges Daily merchant reconciliation from Commonwealth Bank EFTPOS facility Bank initiated transactions |
The Bank is progressively changing when fees are charged to this account. During the changeover period, fees will be charged either on the first business day of the month, or on the first calendar day of the month, depending on the account and if the account is transitioning on to the new banking platform. Where applicable, stamp duty and other Government charges will be debited directly to your account. For further information, please call Local Business Banking on 13 1998 - 24 hours a day, 7 days a week.
Business Online Saver interest
rates
(Effective Date 19 December 2011)
| Balance | Interest rate (p.a.) |
|---|---|
| $0 to $9,999 |
0.00% |
| $10,000 or more |
4.25%* |
* Rate applies to the full balance of the account, provided the balance is $10,000 or more.
Merchant services
Retail, mobile, specialist and ecommerce product fees
To obtain a quote for one of our merchant solutions, please contact our Direct
Sales staff on 1800 730 554 - 8am to 6pm (Sydney time), Monday to Friday.
Loans
BetterBusiness Loan - Secured by Residential
Property
(Effective Date 19 December 2011))
| Loan type | Interest rate |
|---|---|
| BetterBusiness Residential Loan – 12 month Discounted Variable Rate (No longer on offer)** | 6.68% p.a |
| BetterBusiness Loan - variable rate* | 7.81% p.a. |
| BetterBusiness Loan - economiser rate (No longer on offer)** | 7.26% p.a. |
| BetterBusiness Loan - fixed rate | Refer below |
| Capital Equity Facility (No longer on offer)** | 7.81% p.a. |
| Residential equity rate** | 7.81% p.a. |
| Overdraft* | 8.71% p.a. |
* Margin may apply unless secured by residential property.
** Must be secured by residential property.
BetterBusiness Loan - where security is other than residential
(Effective Date 14 November 2011)
| Loan type | Interest rate |
|---|---|
| Variable rate# | 9.49% p.a. |
# Customer interest margin may apply.
BetterBusiness
Loan - Fixed Rate - Residentially Secured - linked to Fixed Rate Home
Loan
Benchmark rates* principal reducing interest rates (monthly charging
cycle).
** Effective as at 7 October 2011 **
| Loan term | Interest rate |
|---|---|
| 1 year | 7.14% p.a. |
| 2 years | 7.07% p.a. |
| 3 years | 7.24% p.a. |
| 4 years | 7.49% p.a. |
| 5 years | 7.69% p.a. |
* Must be secured by residential property.
Interest-only or principal and interest repayments are available.
Business line of credit/Agribusiness Line of Credit
(Effective Date 19 December 2011)
| Loan type | Interest rate |
|---|---|
| Business line of credit - residential security (Linked to Residential Equity Rate) | 7.31% p.a. |
| Business line of credit - other security# | 9.49% p.a. |
| Business line of credit - rate linked to market rates* | 7.96% p.a. |
*This rate is reset every 90 days (in February, May, August and
November).
#Customer interest margin may apply.
(Effective Date 19 December 2011)
| CommSec Variable Rate2 |
7.89% p.a. |
1 Commonwealth Portfolio Loan is a product of the Commonwealth
Bank of Australia administered by its wholly owned subsidiary Commonwealth
Securities Limited ABN 60 067 254 399 (“CommSec”).
2 The CommSec Variable Rate is based on wholesale money market
Interest rates plus a margin.
Corporate loan reference rates
(Effective Date 14 November 2011)
| Monthly charging cycle# | 9.89% p.a. |
| Quarterly charging cycle# | 9.99% p.a. |
# Customer interest margin may apply.
Corporate overdraft reference rates
(Effective Date 14 November 2011)
| Monthly charging cycle# | 10.39% p.a. |
| Quarterly charging cycle# | 10.49% p.a. |
# Customer interest margin may apply.
(Effective Date 14 November 2011)
| Monthly charging cycle# | 10.44% p.a. |
| Quarterly charging cycle# | 10.54% p.a. |
# Customer interest margin may apply.
(Effective Date 14 November 2011)
| Monthly charging cycle# | 10.99% p.a. |
| Quarterly charging cycle# | 11.09% p.a. |
# Customer interest margin may apply.
(Effective Date 14 November 2011)
| Monthly charging cycle | 15.49% p.a. |
| Quarterly charging cycle | 15.59% p.a. |
Agribusiness
Farm Management Deposit Account - at call
(Effective Date 19 December 2011)
| Balance | Interest rate per annum |
|---|---|
| $0 - $999 | 0.00% |
| $1,000 - $29,999 | 2.90% |
| $30,000 - $99,999 | 3.40% |
| $100,000 - $400,000 | 3.85% |
Interest is paid on full balance provided balance is $1,000 or more is calculated daily and paid quarterly.
Farm Management Deposit Account - fixed term
(Effective 4 November 2011)
Interest rates for amounts of $5,000 to less than $100,000
| Term | Six monthly interest | Annual interest |
|---|---|---|
| 3 months | 4.80% p.a. | N/A |
| 6 months | 5.50% p.a. | N/A |
| 9 months | 5.25% p.a. | N/A |
| 12 months | 5.25% p.a. | 5.30% p.a. |
| 13 - 17 months | 5.25% p.a. | 5.30% p.a. |
| 18 - 24 months | 5.35% p.a. | 5.40% p.a. |
Terms are available in whole months only
Interest is calculated daily and paid to you with the choice of the following
frequencies:
- Six monthly - interest is paid every 6 months and at maturity (for terms of 3 or 6 months, interest is paid at maturity); or
- Annual - interest is paid every 12 months and at maturity (for terms of 12-24 months only)
Interest rates for amounts of $100,000 to $400,000 are available on request. Please visit any Commonwealth Bank branch, call Agriline on 1300 245 463 or call your Relationship Manager to obtain current rates. Interest rates are subject to change at the Bank's discretion.
-
Important information about advice
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 Statements (PDSs) or Terms and Conditions for Business Cheque and Savings Account (PDF 232kb, Term Deposit (PDF 247kb), and Farm Management Deposit Account General Information and Terms & Conditions (PDF 2.53mb) , and consider them before making any decision about these products.
Other important information.
Rates and fees are subject to change without notice. Different rates may apply for deposits lodged by financial institutions. Full terms and conditions are available on application. Bank and Government charges may apply.
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