Special offer

  • Flexi Business Investment Account

    • 4.25% p.a. for 9 months*

    Business Investment Account

    • 4.45% p.a. for 9 months*
    • 4.40% p.a. for 12 months*

    Offers available from 25 September 2024 for a limited time only.1

Features & benefits

Earn guaranteed returns

Lock-in a competitive interest rate with your choice of fixed term and watch your money grow.

Choose a term that suits you

Tailor returns to your business needs, with deposit terms ranging from 8 days to 5 years.

Flexible withdrawal option

Choose to withdraw up to 20% of your balance before your term ends, without fees or an interest rate adjustment.2 

Secure holding facility

Keep your money in our secure holding facility for up to 6 months after your term ends.3

Account options to make your money work for you 

Whether you want to lock-in a competitive rate with all your money, or take advantage of added flexibility to withdraw some of your money – we've got a term deposit for you.  

I want a flexible term deposit

NEW

Open a Flexi Business Investment Account.

  • Early withdrawal of up to 20% of your balance before your term ends
  • 3, 6, 9 and 12 month terms available
  • Fixed interest rate
Open now

I want a standard term deposit

Open a Business Investment Account. 

  • Fixed term deposit with access to your money when your term ends
  • Terms from 8 days to 5 years
  • Fixed interest rate
Open now

Rates & terms

Rates for deposits between $5,000 and $1,999,999.4

Term
Flexi Business Investment Account interest rate
Business Investment Account interest rate
Interest paid
3 months
3.00% p.a.
3.15% p.a.
At the end of the term
6 months
3.15% p.a.
3.40% p.a.
At the end of the term
9 months 
4.25% p.a.
4.45% p.a.
At the end of the term
12 months
4.10% p.a.
4.40% p.a.
Annually
60 months
3.50% p.a.
Annually
Latest interest rates as of 25 September 2024. Rate applies for a single term. Higher or lower rates may apply for subsequent terms. Rates on offer may vary at any time without notice.

Fees

  • $0

    There are no set up or establishment fees.

  • If you withdraw all or part or your money before your term ends, a prepayment interest adjustment and a $30 administration fee may apply.

    If you have a Flexi Business Investment Account, you can withdraw up to 20% of your balance before your term ends with no interest adjustment or administration fees.

How to open an account

You can open an account online in about 10 minutes.

Step 1: Find the rate and term that suits you and choose between the Flexi Business Investment Account and Business Investment Account 

Step 2: Tell us which CommBank business transaction account you’ll use to fund your new account 

Step 3: We’ll open your account, which usually happens overnight

Open now

What you'll need

    • An Australian Business Number (ABN) 
    • A CommBank transaction account in the same business name
    • At least $5,000 to invest, available in your transaction account

    If you're looking to invest more than $1,999,999, are a Financial Institution customer or need help applying, contact your Relationship Manager or call 1800 643 837 Mon–Fri, 8am–4:30pm (Syd/Melb time).

    Prefer to open an account in person?

    Book appointment

FAQs

A term deposit locks away an amount of money for an agreed length of time (i.e. the term) and rate of interest. You’re unable to withdraw the money until the term ends (i.e. the maturity date). 

Our Business Investment Account is a standard term deposit. If you need to access your funds early, a 31-day notice period, interest adjustment, and administration fees typically apply.

Our Flexi Business Investment Account is a flexible term deposit, which means you can withdraw up to 20% of your money without waiting 31 days, and no interest adjustment or administration fees. The remaining 80% will continue to earn interest during the fixed term.

You can open a Business Investment Account or Flexi Business Investment Account online as a business customer if:

  • You’re applying as a sole trader, single director of an Australian private company (Pty Ltd) or a self-managed super fund (SMSF) with individual trustees or sole director company trustee
  • You’re already registered for NetBank
  • You have an eligible transaction account held in the same business name (such as a Business Transaction Account) available in your NetBank

You can withdraw up to 20% of your balance from a Flexi Business Investment Account via NetBank and the CommBank app. Alternatively:

  • Contact your Relationship Manager (if you have one)
  • Visit a branch
  • Call 1800 643 837 (Mon–Fri, 8am–4:30pm, Syd/Melb time)

You can withdraw up to 20% of your balance from a Flexi Business Investment Account via NetBank and the CommBank app.

Alternatively:

  • Contact your Relationship Manager (if you have one)
  • Visit a branch
  • Call 1800 643 837 (Mon–Fri, 8am–4:30pm, Syd/Melb time)

Approximately one week before the end of your deposit term, we'll send you a letter with options to:

  1. Renew your investment for another term and immediately lock in a new fixed interest rate. You can also add additional money or withdraw a portion of your balance.
  2. Withdraw all of your money including the interest you’ve earned.
  3. Place your money in a holding facility while you decide what to do. If you don’t provide instructions, your funds will be placed in our holding facility and continue to earn interest at an applicable rate (paid weekly).3

You can tell us your maturity instructions in NetBank, or by contacting your Relationship Manager, visiting a branch, or calling 1800 643 837 (Mon–Fri, 8am–4:30pm, Syd/Melb time).

Business Investment Account: You'll need to provide 31 days' notice if you want to withdraw your money before the end of your term. This may reduce your returns and incur a prepayment interest adjustment and administration fee.

Flexi Business Investment Account: You can withdraw up to 20% of the balance of your Flexi Business Investment Account before the end of the term. To withdraw more than 20%, you'll need to provide 31 days' notice. This may reduce your returns and incur a prepayment interest adjustment and administration fee.

If you're experiencing hardship and need your money sooner, please contact us immediately. 

Things you should know

  •  

    *Interest paid annually

    1This offer is available for customers eligible for a Business Investment Account or Flexi Business Investment Account, however not applicable to Financial Institution customers. This offer cannot be used in conjunction with any other bonus or special interest offers. 

    2Only available for the Flexi Business Investment Account.

    3If you don't provide instructions for your Business Investment Account at maturity, your funds will be automatically placed into our Business Investment Account 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. You can give us instructions at any time, once you decide what you want to do. Holding facility funds earn an interest rate, which may be lower than the rate offered for a fixed term and may be subject to change. If your funds have been left in the Business Investment Account holding facility for more than 6 months, we'll automatically renew your funds as a rolling 1 month term at the standard interest rate at the time, until you provide us with instructions.

    4The above interest rates are not applicable to Financial Institution customers. If you are a Financial Institution customer, please contact your Relationship Manager for details of the interest rates available on your Business Investment Account.

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

    This information has been prepared without taking into account your individual or business needs and objectives. You can view the General Information and Terms and Conditions for Business Investment AccountsElectronic Banking Terms and Conditions (PDF) and our Financial Services Guide and should consider them before making any decision about these products and services.

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