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Why choose our term deposits?

Earn a competitive interest rate for your investment

Competitive interest rates

Interest rates vary depending on the term, amount and interest payment frequency you choose.

See some of our rates
Choose a term that suits youGoalSaver

Terms to suit you

Lock-in the interest rate anywhere between one month and five years.

Invest from $5,000

Invest from $5,000

Enjoy a competitive interest rate on investments from $5,000 to less than $2,000,000.

or

Already a customer banking online with us?

Save time by using your NetBank details.

Explore rates in NetBank

New Customer or don't bank online with us?

Explore rates

or

Easy to track your investment

Fixed rate

Fixed rate

The fixed rate of return means you’ll always know what your investment’s worth and can plan how to use the interest earned.

NetBank icon

Manage online

See, keep track of and manage your Term Deposit, alongside your other accounts, in NetBank.

Free alerts in NetBank

Opt-in for free alerts

Opt in and we’ll send you an email, SMS or a notification in NetBank before your Term Deposit matures. So you can let us know if you want to roll it over, withdraw it or arrange a combination of the two.

How to apply online

  • A minimum deposit of $5,000
  • An existing CommBank account number in your name or a personal bank account number with a different bank. You’ll use this account to:
    • Transfer money across to open your Term Deposit (through BPAY® if you don’t have an account with us)
    • Get interest, earned from your Term Deposit, paid to you.
  • Your Tax File Number (TFN) or TFN exemption handy. You don’t have to provide your TFN or exemption to your Term Deposit but, by law, we have to withhold tax if you choose not to.

or

Already a customer banking online with us?

Save time by using your NetBank details.

Open in NetBank

New customer or don't bank online with us?

Open now

or

Term Deposit maturing soon?

Let us know if you want to roll it over, withdraw it or arrange a combination of the two in NetBank before the maturity date.

The interest rate you locked-in when you first opened your Term Deposit may not be on offer at renewal.

If you want to withdraw your Term Deposit before it matures you’ll need to give us 31 days notice. You may be charged a prepayment adjustment and prepayment administration fee.

Things you should know

As this advice has been prepared without considering your objectives, financial situation or needs, you should before acting on this advice, consider its appropriateness to your circumstances. General Information and Terms and Conditions for Term Deposits and Electronic Banking are available here or from any branch of the Commonwealth Bank. Please view our Financial Services Guide (PDF68KB).

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

Registered to BPAY Pty Ltd ABN 69 079 137 518.