Help & support
Enjoy 3.50% p.a., plus 1.50% p.a. online bonus rate on a 6-month term deposit when you open online, exclusive for SMSFs. Conditions apply.1
Special offer available from 20 Aug 2026 for a limited time only. Conditions apply.^
Fixed returns on your investment
Lock in a fixed interest rate for your chosen term so you know what your investment will earn.
Flexible terms to suit your strategy
Choose a term from 1 month to 5 years to align with your SMSF investment objectives.
Manage your investment online
View and manage your Term Deposit in NetBank, the CommBank app and CommBiz.
Backed by Australia's largest bank
Invest with confidence knowing your Term Deposit is with one of Australia's most trusted financial institutions.
An SMSF Term Deposit provides a fixed interest rate for a set investment term.
Before investing, consider whether an SMSF Term Deposit aligns with your fund's investment strategy, cash flow needs and objectives.
We're offering special rates for the following terms:
Up to 5.00% p.a. on 6-month term (3.50% p.a., plus 1.50% p.a. online bonus rate), available from 20 Aug 2026, when you open a term deposit for your SMSF online. Conditions apply.1
5.15% p.a. on a 12-month term, offer available from 20 Aug 2026.^
Special offers available for a limited time only. Conditions apply.
The above Term Deposit rates are available online and in branch for customers with a minimum of $5,000 and a maximum limit of $5,000,000 per term deposit. For amounts greater than $5,000,000 or to open Business Term Deposits, please contact any CommBank branch or your relationship manager.
If you don't provide instructions, funds will automatically be placed in the Term Deposit holding facility as a default. Holding facility earns a fixed interest rate, which may be lower than the rate offered for a fixed term.
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.
You can open a Term Deposit in the name of your SMSF online or in branch. To apply you'll need:
For existing CommBank SMSF customers
For new or existing SMSF customers
Proactively renew your Term Deposit for another term to immediately lock in a new interest rate. You can also top it up with additional funds or withdraw a portion of your Term Deposit.
Withdraw all of your investment including the interest you’ve earned.
Place your money in our Holding Facility while you decide what to do.
If you don’t provide instructions to us, your money will be placed in our Holding Facility until you let us know what you want to do.
Your money will continue to earn a variable interest rate that’s paid weekly.
You don’t need to visit us at a branch or call us to let us know what you’d like to do when your Term Deposit matures. Simply let us know your maturity instructions through NetBank.
You will need a transaction account (e.g. Commonwealth Direct Investment Account, Business Transaction Account) in the name of your SMSF that you can manage on your own and that has sufficient funds (otherwise the Term Deposit will not be opened).
A Term Deposit in the name of your SMSF can be opened online or in branch but your SMSF profile must be set up first. For online applications, you must be registered for NetBank.
There is a minimum of $5,000 and a maximum limit of $5,000,000 per customer when opening online. For amounts greater than $5,000,000, please visit your nearest branch.
Yes, with 31 days’ notice. An interest adjustment and administration fee may apply. If you are experiencing hardship, please visit your nearest branch. Please see Withdrawing Term Deposit before maturity.
Without a valid ABN, TFN or TFN exemption applied to your Term Deposit, you may be subject to withholding tax from any interest earned on your account/s.
Please visit your nearest branch to update your ABN/TFN details.
Yes, all trustees or directors of the trustee company will need to visit their nearest branch to update their details if they have not done so already.
If you already hold another account in the name of your SMSF, this identification process should already have been done, provided trustee details have not changed.
No. Funds can only be added when the term deposit matures, at the time of renewal.
No
No
This information may include general advice but does not take into account your individual objectives, financial situation, needs or tax circumstances, and so you should consider the appropriateness of the advice having regard to your circumstances before acting on it. You should consider seeking independent professional financial, tax and/or legal advice before making any decision based on this information.
Interest rates on offer may vary at any time without notice.
1SMSF exclusive bonus rate is only available to SMSF customers opening a 6-month Term Deposit online. Offer is available from 20 August 2026 for a limited time only. Interest rates on offer may vary at any time without notice. Bonus rate is a bonus margin above the standard advertised rate.
^Available on balances from $5,000 to $5,000,000 with interest paid annually. For terms of 12 months or less, interest is paid at maturity. Special Offers are available on Term Deposits opened or renewed by personal or Self-Managed Super Fund (SMSF) customers only. The offer is not available to all other Business customers (including Financial Institutions). Personal and SMSF customers can access this special offer online via NetBank and the CommBank App, or visit their nearest branch. For renewing Personal Term Deposits, customers can also call 13 2221. For renewing SMSF Term Deposits, customers can call 13 1998.
General Information and Terms and Conditions for Term Deposits and Electronic Banking are available here or from any branch of the Commonwealth Bank.
The target market for this product can be found within the product’s Target Market Determination.
Please view our Financial Services Guide.
