Features & benefits

Competitive rates & fees

Get a variable interest rate with the ability to top-up at any time and no account-keeping fees.

Choose your notice period

Notice periods available from 48 hours to 370 days to suit your business needs.1,3

Manage your account online

View, track and submit a notice in NetBank or CommBiz.2

How it works

  • 1. Choose your notice period

    Choose from 48 hours, 7, 35, 60, 90, 185, or 370 days when you open your account.1,3

    You can't change your notice period after it's chosen.

  • 2. Deposit your money

    Start earning interest and top up your balance any time.

    There are no minimum deposits for 48 hour or 7 day notice periods. 

  • 3. Notify us online

    Submit a notice in NetBank or CommBiz to let us know how much you'd like to withdraw.

    You won't be able to access your money yet at this point. 

  • 4. Access your money

    After the notice period has ended, you can access your money.


The interest you'll earn depends on whether the funds are on hold, on notice, or at call. Here’s an overview of the different stages.

Rates effective 15 November 2023

Notice period
Balance on hold
Balance on notice
Balance at call
48 hour3
7 days
35+ days4
Contact your Relationship Manager

Our 48 hour and 7 day notice periods are variable interest rates p.a., and we may change them at any time.


  • $0

    There are no account keeping fees.5

How to apply 
It will take about 15 minutes6

  • Already a customer banking online with us?

    You can start your application online if you:

    • Have access to NetBank or the CommBank app
    • Want a 48 hour or 7 day notice period

    Apply in NetBank

  • New customer or don't bank online with us?

    You can still apply online. You just need to take a few extra steps:

    1. Fill in your details (we’ll set you up with NetBank and verify your ID)
    2. Verify your business or SMSF
    3. Tell us your preferences for the Capital Growth Account

    What you’ll need:

    • Your ABN and ACN
    • Valid ID (if you’re new to CommBank)

    If you’re a private company you’ll also need to confirm your directors, beneficial owners or trustees and they’ll need to confirm their details with us.7


  • To apply for a notice period of 35 days or more, please contact your Relationship Manager. 

    There's a $500,000 minimum initial deposit for notice periods 35 days and over.

Frequently asked questions

The notice period is the amount of time you have to wait before you can access your funds. For example, if you have a 48 hour notice period and give notice today that you want to withdraw some or all of your funds, you’ll need to wait 48 hours before you can access them. 

You can submit or cancel a notice in NetBank or CommBiz

You're unable to submit a notice over the phone or in branch. 

Balance on hold:

  • You'll earn a competitive interest rate.
  • You can't access your funds, and you'll have to submit a notice to access them.

Balance on notice:

  • When you place all or a portion of your funds on notice, you'll receive a variable rate that may be lower than when your funds are on hold.
  • You can't access your funds whilst you are serving the notice period.

Balance at call:

  • After the notice period ends, you can withdraw your funds.

All interest is calculated daily on the closing balance of each balance classification. We use the following formula to calculate the interest earned on your Notice deposits - Capital Growth Account (CGA):

(BOH Balance × BOH Interest Rate ÷ 365) +

(BON Balance × BON Interest Rate ÷ 365) +

(BAC Balance × BAC Interest Rate ÷ 365)

Interest is paid into an account of your choice, or deposited into your CGA. If you choose to deposit interest into your CGA, this will be treated as a new deposit into your BOH. You can select to be paid interest with a frequency of monthly, quarterly, semi-annually, or annually. Interest rates are variable and may be zero.

Here’s an example of how interest is calculated:

Jake owns a butcher shop in Brisbane CBD. On 1 January 2023, Jake deposits $10,000 into his CGA with a 7 day notice period. The deposited amount is classified as the ‘Balance on Hold’ (BOH) and earns interest at the BOH interest rate.

On 1 February 2023, Jake receives an invoice for $5,000 to pay his supplier, which is due in 10 days’ time. On this date, he submits a notice to withdraw $5,000. The first day of the ‘Notice Period’ starts on that day, and for the next 7 days, the $5,000 is classified as ‘Balance on Notice’ (BON) and earns interest at the BON interest rate. The remaining funds which have not been put on notice will continue to earn the BOH interest rate.

On 8 February 2023 (7 days), $5,000 is classified as ‘Balance at call’ (BAC) and earns interest at the BAC interest rate. Jake can withdraw $5,000 from his account from this day.

E.g. (illustrative only), Jake’s rates are: 

BOH Interest Rate: 1.00% p.a.

BON Interest Rate: 0.50% p.a.

BAC Interest Rate:  0.00% p.a.

Jake has elected for his interest to be paid monthly. On 1 February 2023, his interest is calculated and paid for the previous month as follows:

Interest = [($10,000 × 1.00% ÷ 365) + ($0 x 0.50% ÷ 365) + ($0 x 0.00% ÷ 365)] × 31 days = $8.49

If Jake withdraws his BAC on the due date of his invoice (10th February), his interest for February (there are 28 days in February) is calculated as follows:

Interest = [($5,000 x 1.00% ÷ 365) × 28 days] + [($5,000 x 0.50% ÷ 365) × 7 days] + [($5,000 x 0.00% ÷ 365) × 3 days] = $3.84 + $0.48 = $4.32

You can apply for an account online if you’re:

  • A sole trader
  • An Australian private company (Pty Ltd)
  • A self-managed super fund (SMSF)
  • A partnership (up to 4 individuals as partners)

If your business already banks with CommBank, you may not be able to apply for your first Capital Growth Account online if you have more than one director or are a partnership. We'll let you know if this applies to you.

Your account will be set up as any-to-sign, which means any director you choose will be able to operate it. You can change this in branch. 

  • Australian Business Number (ABN). Look up your ABN
  • Australian Company Number (ACN) if you have one. Your ACN must be linked to an ABN, or you’ll need to visit a branch to apply
  • Registered business name
  • Full names, email addresses and mobile numbers for directors and beneficial owners7

Foreign entities can visit a branch or call 13 19 98 for more info

Have at least one of these handy:

  • Australian driver’s licence
  • Birth certificate
  • Passport

If your company is new to CommBank and not registered as a sole trader, Australian private company (Pty Ltd), a self-managed super fund or a partnership, you'll need to open your account in branch. 

If your business already banks with CommBank, you may not be able to apply for your first Capital Growth Account online if you have more than one director or are a partnership. We'll let you know if this applies to you.

If you want to authorise others to operate your account, you'll also need to go to a branch.

Check to see which documents you'll need to bring with you. 

We'll also ask you to show us some ID, so make sure you have your driver's licence, Medicare card or passport. 

Find a branch

Things you should know

  • *A variable interest rate of 3.25% p.a. is available for Balances on Hold (BOH) on 7 day notice period. 

    For notice periods of 35 days and above, you will need to have a Relationship Manager to apply. 48 hour and 7 day notice periods are not available for Financial Institutions. 35, 60 and 90 days’ notice periods are only available for Financial Institutions at the Bank’s discretion.

    2 To operate your Notice deposits - Capital Growth Account, it must be linked to our electronic banking service NetBank or CommBiz. You cannot submit notices through a branch. 

    If you only require one to sign as method of operation on the account, the CGA can be maintained through either NetBank or CommBiz. If you require more than one to sign as method of operation, CommBiz is required to operate the account.

    3 48 hour notice period’ may be otherwise referred to as a ‘2 day notice period’ in various product collateral (CGA). Notices must be submitted before 10pm Sydney time to be processed on the same day. Notices submitted after 10pm Sydney time may be processed the following day and the clock will start once the notice is processed.

    4 Notice periods of 35 days or more are variable interest rates linked to the RBA Target Cash Rate, plus or minus a margin. Please contact your Relationship Manager for further assistance.

    5 Please refer to ‘What these terms and conditions cover’ in the CGA General Information and Terms and Conditions for further details on the terms of your contract with us, regarding fees that may apply to your account. Generally we’ll credit any funds to your Balance on Hold, and debit fees and charges from your Balance at Call. However, your Balance on Hold or Balance on Notice may also be debited for fees and charges for certain types of transactions. If this happens, the most you’ll be able to withdraw is your available balance, as determined by us, adjusted for these fees and charges (which may be lower than your Balance at Call displayed in your online banking).

    6 You can only open an account online if you're a new or existing customer who is either a sole trader or director of a private company (Pty Ltd). You'll need to set up your business with us so we can verify your business details with ASIC. Once your beneficial owners and nominated directors have verified their ID (we'll email them instructions to do this online), you'll be able to open and start using your account. You'll be providing information to us on behalf of directors and owners in accordance with our Privacy Policy - make sure you've got their permission to do so before you start. 

    7 If you’ve got other directors and/ or any beneficial owners, they will need to verify their ID online. A beneficial owner is an individual who owns 25% of the company; but if no-one does, controls 25% of the company; but if no-one does, exercises control by way of making key financial or operational decisions, like a CEO. We'll get you to confirm their details so we can email them instructions to do this. Once they've completed this, you'll be able to open and start using your account.

    The target market for these products 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 Capital Growth Account Terms and Conditions, our Financial Services Guide and the Electronic Banking Terms and Conditions and should consider them before making any decision about these products and services. Bank fees and charges may apply.