Apply now for an investment

Only term deposits may be applied for online. To open other types of investment and savings accounts visit the Accounts page.

Existing customers

• There is a quick Term Deposit application in NetBank. As your profile is already stored within NetBank, all you need to do is give us information about the type of Term Deposit you would like, and transfer the amount you would like to invest directly from an appropriate Commonwealth Bank account
• This application can be used for single and joint accounts (up to a maximum of two account holders) and for investments of $5,000 to less than $500,000
• Simply log on to NetBank, go to the ‘Offers & Apply’ tab and select ‘Term Deposits’…it’s that easy.
• Your new Term Deposit is opened immediately after submission of your application.
• Once the Term Deposit is opened, you will be able to record your maturity instructions.

• Not registered for NetBank? Register online now.

New customers

• Simply complete the online application form below. You will need to provide certified copies of your identification document(s) Certified Copies Identification Form before you can withdraw from your Term Deposit.
• This application can be used for single or joint accounts (up to a maximum of two account holders) and for investments of $5,000 to less than $500,000. For joint accounts, either account holder can operate on the account
• You must have access to a BPAY® facility (internet or phone) to deposit funds into your Term Deposit, and do so in a single amount. The Commonwealth Bank online Term Deposits BPAY Biller Code is 575092. Instructions on how to complete this transfer will be provided when you submit your Term Deposit application. Some financial institutions may impose a limit on the amount which may be transferred from accounts using BPAY®. If you cannot complete your BPAY® transaction, please email us.
• Once your funds are received and your application is processed, we will send you confirmation of your account details to your nominated address

Alternatively you can

• Finish a saved application

 
Who can apply online?

• All applicants must be Australian residents with an Australian address
• Applicants must be 18 years of age and over
• The Term Deposit can be opened in a personal name/s (no trust accounts) or business name if you already have a business transaction or cheque account with the Commonwealth Bank.
• Funds in the account must not be held in Trust for another person

What happens next?

• Your Term Deposit will be lodged once we have received your funds
• The interest rate will also be fixed at this time (rates are subject to change until we receive your funds)
• The interest rate applied will remain fixed for the term of your deposit
• You will receive a Term Deposit Renewal Notice approximately one week before your Term Deposit coming to an end. At this time, you may decide to do one of the following and provide us your instruction by calling 13 2221:
  • Reinvest your current funds
  • Reinvest with additional funds
  • Withdraw your funds

 

Important information

• 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.