Special offer

0.30% p.a. for 12 months

Offer available from 20 October 2021 for a limited time only on Term Deposits opened or renewed by personal customers. Available on balances from $5,000 to $1,999,999 with interest paid at maturity.*

Some of our most popular rates

Interest rate for $5,000 to $49,999
Interest rate for $50,000 to $1,999,999
Interest paid
60 months
0.25% p.a.
0.30% p.a.
24 - 33 months
0.25% p.a.
0.30% p.a.
12 months
0.25% p.a.
0.25% p.a.
At the end of the term
6 months 
0.10% p.a.
0.15% p.a.
At the end of the term
3 months 
0.07% p.a.
0.07% p.a.
At the end of the term

See all Term Deposit rates (PDF)

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

Latest rates as of 20 October 2021. Interest rates on offer may vary at any time without notice.

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.

Term Deposit holding facility

The rates below are applicable to funds in the Term Deposit holding facility. When your funds are in the holding facility, they’re renewed at a fixed interest rate every seven days until we receive your instructions for withdrawal or reinvestment for an agreed fixed term of one month or longer. You can give us instructions at any time, once you decide what you want to do.

Interest rate
Less than $10,000
0.03% p.a.
$10,000 to $99,999
0.03% p.a.
$100,000 to $1,999,999
0.03% p.a.

Latest rates as of 12 May 2021. Interest rates on offer may vary at any time without notice.

If you reinvest on a day that isn’t an interest payment date, the new term will commence from the last interest payment date. No interest is paid on funds in the holding facility for the current seven day interest period if funds are withdrawn before the next interest payment date.

If your Term Deposit remains in the holding facility for longer than 26 weeks we’ll automatically renew your term as a rolling 1 month Term Deposit at the advertised rate at the time.

Easy to track your investment

Fixed rate

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

Manage online

See, keep track of and manage your Term Deposit, alongside your other accounts, in NetBank.

Opt-in for free alerts

Opt in and we’ll send you an email, SMS or a notification in NetBank before your Term Deposit matures. So you can let us know if you want to roll it over, withdraw it or arrange a combination of the two.

Don't have a NetBank client number?

Things you should know

* The offer is not available for Business, Corporate, Institutional and Government customers or Trusts. The offer is available in branch and online. Renewing Term Deposit customers can also call 13 2221.

The target market for this product will be found within the product’s Target Market Determination, available here.

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.

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