Lending products

New rates effective 10 June 2022

Reference rates
Old rate
New rate
Residential Equity Rate (RER)1
4.35%
4.85%
Variable Base Rate
6.43%
6.93%
Corporate Overdraft Reference Rate
7.33%
7.83%
Overdraft Index Rate
7.93%
8.43%
Business Line of Credit Base Rate
6.43%
6.93%
Business Line of Credit Reference Rate
6.13%
6.63%
Corporate Credit Cards – Residentially Secured2
4.50%
5.00%3
Business Credit Cards – Residentially Secured2
4.50%
5.003
Corporate Credit Cards – Commercially Secured
10.74%
11.24%4
Business Credit Cards – Commercially Secured
10.74%
11.24%4
Simple Business Overdraft Rate
13.55%
14.05%
Simple Business Overdraft Excess Drawing Rate
4.80%
14.05%
Excess Debit Interest/Drawing Rate5
13.18%
13.93%
Standard Variable Rate (Co-op)6
4.80% 
5.30%

You can access further information on Business Banking Rates at https://www.commbank.com.au/business/rates-fees.html

Business Online Saver

New rates effective 10 June 2022

Tier  
Old rate
New rate
Balances below $10,000
0.00%
0.00%
Balances above $10,000
0.01%
0.20%^

^ Rate applies to the full balance of the account, provided the balance is $10,000 or more.

Account-keeping and transaction fees (including NetBank service charges) may apply to the linked business transaction account.

 

Farm Management Deposit Account (at call)

New rates effective 27 May 2022

Tier  
Old rate
New rate
$0 - $999.99
0.00%
0.00%
$1,000 - $29,999.99
0.01%
0.01%
$30,000 - $99,999.99
0.01%
0.05%
$100,000 - $800,000
0.05%
0.10%

Farm Management Deposit Account (fixed term)

New rates effective 10 June 2022

Term  
Old rate
(6 monthly interest)
Old rate
(annual interest)
New rate
(annual interest)
3 months
0.30%
N/A
0.55%
NA
6 months 
0.40%
NA
0.65%
NA
9 months
0.55%
N/A
0.75%
N/A
12 months
0.75%
0.80%
2.30%
2.35%
13-24 months
0.95%
1.00%
2.50%
2.55%

Aggregate balance of all FMD Accounts (both fixed term and at-call) must not exceed $800,000. This is the case even if FMDs are held in different institutions.

Business Investment Account

New rates effective 13 May 2022

Term  
Old rate
New rate
1 months
0.05%
0.10%
2 months
0.05%
0.12%
3 months
0.07%
0.15%
4 months
0.08%
0.20%
5 months
0.10%
0.25%
6 months
0.15%
0.30%
7 months
0.17%
0.35%
8 months
0.17%
0.40%
9 months
0.20%
0.45%
10 months
0.23%
0.50%
11 months
0.23%
0.55%
12 months
0.30%
0.65%
18 months
0.30%
2.25*%
19 months
0.30%
0.80%
24 months
0.30%
1.00%
36 months
0.30%
1.50%
48 months
0.30%
1.80%
60 months
0.30%
2.00%

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

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.

 

Cash Deposit Account

New Rates effective 17 June 2022

Balance  
Old Rate
New rate
All
0.01% p.a
0.20% p.a.

This is the standard interest rate applicable on CDA At Call. For further information on how interest rates are determined, refer to the CDA Terms and Conditions (PDF).

Details of current interest rates are available on request from your relationship manager, any branch of the Bank or by phoning 1800 643 837 Monday to Friday, 8:00am to 4:30pm Sydney time. 

What happens next?

  • You’ll be able to see your new interest rate in NetBank from the date the rate is effective.

  • To see your product interest rates in NetBank:

    1. Log on to NetBank
    2. Select ‘View accounts’, then 'Account information'.
    3. Select the account you want to view.

We are here to support you

We are here if you would like to discuss what other options may be available. ​

How to get in touch

Things you should know

  • This information is current as at 10 June 2022 and is prepared without taking into account your individual and/or business needs and objectives. It must not be relied upon as financial product advice.

    Credit provided by the Commonwealth Bank of Australia. These products are only available to approved business customers and for business purposes only.  Applications for finance are subject to the Bank's eligibility and suitability criteria and normal credit approval processes. View our Business Finance and Electronic Banking Terms and Conditions, and consider them before making any decision about these products. Rates are subject to change. Fees, charges and Terms and Conditions apply.

    Rates are used as a basis to determine the applicable interest rate/s charged on all relevant loans. Interest margins may apply. 

    1 May be secured by residential property

    2 Must be secured by residential property

    3 Includes a margin of 0.15%p.a. over the Residential Equity Rate of 4.85%p.a. Interest rate effective date from 20 June 2022.

    4 Includes a margin of -3.31%p.a. over the Business Card Index Rate of 14.55%p.a. Interest rate effective date from 20 June 2022.

    5 Maximum rate of 13.93%. Interest rate included in contractual documents. Outlined Excess Debit Interest/Drawing Rates may be used for your Business Overdraft, Business Transaction Account, Society Cheque Account, Cheque Account Bearing Interest Account, Cheque Account Not Bearing Interest Account, Overdraft Cheque Account, Premium Business Cheque Account, Agri Line of Credit; Business Line of Credit or Co-Operative Society Housing Loans

    6 Effective from 17 June 2022

    Rate applies for a single term. Higher or lower rates may apply for subsequent terms. Interest rates on offer may vary at any time without notice. Terms and Conditions, eligibility criteria, fees and charges will apply.

    The target market for the products will be found within the product’s Target Market Determination. You can view the General Information and Terms and Conditions for each of the products below:

    You should consider the Financial Services Guide and the Electronic Banking Terms and Conditions together with the relevant General Information and Terms and Conditions above before making any decision about these products and services. Bank fees and charges may apply. 

    Commonwealth Bank of Australia ABN 48 123 123 124. Australian credit licence 234945.