Help & support
A term deposit locks an amount of money away for an agreed length of time - the ‘term’. It means you can't access the money until the term is up. You'll get a guaranteed rate of interest for the term you select, so you’ll know exactly what the return on your money will be.
You can open an account online if you’re:
You’ll need to have an existing NetBank ID and CommBank business transaction account in the same name. You’ll use this account to transfer funds across to open your Business Investment Account.
You can easily view, track and manage your Business Investment Account alongside your other accounts in NetBank and the CommBank app. Here, you can opt-in for free account alerts (email or NetBank notifications) and e-notices.
Roughly a week before your Business Investment Account matures, we'll send you a letter with your options, which are:
You'll need to provide 31 days' notice if you want to withdraw your money before the end of your term. This may may reduce returns, and incur a prepayment interest adjustment and administration fee.
If you're experiencing hardship and need your funds before the expiration of 30 days, please contact us immediatley.
1 The 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.
^ If 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.
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 Accounts, Electronic 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.