Special offer

2.60% p.a. for 7 months

Offer available from 4 December 2018 until 20 December 2018 inclusive on balances from $10,000 to $1,999,999 with interest paid at maturity.*

Features & benefits

Range of terms

Choose from a range of terms to fix your interest rate and avoid market fluctuations - anything from 1 month up to 5 years.

Invest $5,000 or more

Invest from $5,000 to just under $2,000,000 online (more if you go into a branch).

Options at maturity

Choose to reinvest, top up or withdraw all or some of your funds, as soon as your Term Deposit matures. You can even temporarily place your money into the holding facility if you need extra time.

Rates & fees

Some of our most popular rates

Interest rate for $10,000 to $49,999
Interest rate for $50,000 to $1,999,999
Interest paid
3 months 
2.00% p.a.
2.00% p.a.
At the end of the term
6 months 
2.05% p.a.
2.05% p.a.
At the end of the term
12 months
2.20% p.a.
2.30% p.a.
At the end of the term
24 - 33 months
2.30% p.a.
2.40% p.a.
60 months
2.75% p.a.

The above Term Deposit rates are available online and in branch for personal and business customers with a maximum limit of $1,999,999 per customer. For amounts greater than $1,999,999, please contact any CommBank branch or your relationship manager for the latest interest rates.

See more Term Deposit rates

If you don't provide instructions, funds will automatically be placed in the Term Deposit holding facility as a default. Holding facility earns a variable interest rate, which may be lower than the rate offered for a fixed term. 

Latest rates as of 4 December 2018. Interest rates on offer may vary at any time without notice.

Fees & Charges

There are no set up or establishment fees.

If you want to withdraw your Term Deposit before it matures you’ll need to give us 31 days' notice. You may incur a prepayment interest adjustment and administration fee.

How to apply online

You can open a Term Deposit online under a personal, joint, or Self Managed Super Fund (SMSF) name. To do so, you need to be 18 years or over and have: 

  • A minimum deposit of $5,000 (visit your nearest branch for investments over $2,000,000)
  • An Australian residential address
  • An existing NetBank ID and CommBank account in your name. You’ll use this account to transfer money across to open your Term Deposit
  • Your Tax File Number (TFN) or TFN exemption handy. You don’t have to provide your TFN or exemption to your Term Deposit but, by law, we have to withhold tax if you choose not to
  • If you're an SMSF customer, you’ll need your ABN. To get an exemption from withholding tax, you’ll need to provide your TFN or TFN exemption separately by calling us on 13 2221 or at your nearest branch

Open online now

Or invest more at your nearest branch

Easy to keep track

Manage online and on the go

See, track and manage your Term Deposit alongside your other accounts in NetBank, CommBiz and the CommBank app.

Know what you’re earning

The fixed rate of return means you’ll always know what your investment’s worth and can plan how to use the interest earned.

Opt-in for free maturity alerts

Opt in for alerts and we’ll send you an email or SMS a week before your Term Deposit matures – so you never miss your maturity date.

Track your investment

Options at maturity


Proactively renew your Term Deposit for another term to immediately lock in a new interest rate. You can also top it up with additional funds or withdraw a portion of your Term Deposit. 

Full withdrawal

Withdraw all of your investment including the interest you’ve earned.

Place in holding facility

Place your money in the holding facility while you decide what to do.

If you don’t provide instructions to us, your money will be placed in the holding facility until you let us know what you want to do.

Your money will continue to earn a variable interest rate that’s paid weekly.

Things you should know

*Selected interest payment frequencies 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 for Term Deposits and Electronic Banking are available here or from any branch of the Commonwealth Bank. Please view our Financial Services Guide (PDF68KB).

Interest rates on offer may vary at any time without notice.