Features

Opening balance

You can open a term deposit account with as little as $5,000.

Deposit terms

Select the term that best suits your investment goals. Park your money for as little as 30 days while you prepare to buy a house or invest in other investments, or reap the rewards of a longer term.

Guaranteed returns

Because the interest rate is fixed up front, you can enjoy a secure return for the nominated term of your deposit.

Choose how you receive your interest

You can choose from a range of interest payment options. Have your interest paid monthly as an income stream, or put the interest back into your investment to benefit from compounding interest.

Your options include:

• 4 Weekly - interest is paid every 28 days and at maturity
• Compound 4 Weekly – interest is added to your term deposit every 28 days and at maturity
• Six Monthly - interest is paid every 6 months* and/or at maturity
• Compound six Monthly - interest is added to your term deposit every 6 months* and/or at maturity
• Annual - interest is paid every 12 months# and/or at maturity
• Compound Annually  - interest is added to your term deposit every 12 months# and/or at maturity
  

Use NetBank to manage your Term Deposit

NetBank makes it easy to manage your Term Deposit online. You can use NetBank to:

• Open a Term Deposit and see it immediately when you next log in
• Tell us in advance if your Term Deposit will roll over, be withdrawn at maturity or complete a combination of both. Manage your Term Deposit in NetBank now.
• Receive free Term Deposit alerts via SMS, email and your NetBank message inbox reminding you when your Term Deposit is due to mature. Set up alerts in NetBank now.
• Invest additional funds at maturity

 

Important information

* For term deposits of less than 6 months, interest is paid/added to the deposit at maturity.
# For term deposits of less than 12 months, interest is paid/added to the deposit at maturity.

• Terms available for Term Deposits applied for online are subject to change. Please check Section 1: Term Deposit Type on the Online Application page for the latest terms. Bank fees and Government charges may apply. As this advice has been prepared without considering your objectives, financial situation or needs, you should before acting on this advice, consider its appropriateness to your circumstances. General Information and Terms and Conditions issued by Commonwealth Bank of Australia ABN 48 123 123 124 for Term Deposits and Electronic Banking (Electronic Banking services include telephone banking, NetBank and BPAY) are available on this website or from any branch of the Commonwealth Bank. If you have a complaint, the Bank’s dispute resolution process can be accessed on 13 2221.