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Why choose our term deposits?

Choose a term that suits youGoalSaver

Choose a term that suits you

You can choose a term between a month to five years.

Invest from $5,000

Invest from $5,000

You have options to invest from $5,000 to less than $2,000,000.

Earn a competitive interest rate for your investment

Earn a competitive interest rate for your investment

Interest rates vary depending on the term of your deposit.


Already a customer banking online with us?

You could get better rates.

Explore rates in NetBank

New Customer or don't bank online with us?

Explore rates


What you get

Free alerts in NetBank

Free alerts in NetBank

You get free alerts when your term deposit hits maturity via SMS, email or NetBank notifications.

Fixed rate

A fixed rate for a nominated term

With a term deposit, you will have fixed rate of return for the nominated term. You will know what your investment is worth and can plan ahead on how to use that earning.

NetBank icon

Open and manage your Term Deposit in NetBank

With NetBank, you can view your term deposit and all your other CommBank products in one place. You can advise us if you want to roll over your Term Deposit, withdraw it at maturity or a combination of both.

How to apply

  • Minimum deposit of $5,000
  • Be 18 years or over if applying online
  • If applying online you'll need an existing CommBank account number (if you have one) or an existing personal bank account (if no CommBank account is held). This will be used to transfer funds for opening your Term Deposit via BPAY® and receive funds from it if you have interest paid out of withdraw funds
  • Tax File Number (TFN) or TFN Exemption. You do not have to provide your TFN for the term deposit, but if you don’t CommBank is legally required to deduct tax from any interest earned on the term deposit above a certain threshold.

These rates are available in branch for Term Deposit amounts of $10,000 to less than $2,000,000 and in NetBank for amounts of $5,000 to less than $2,000,000.

View our term deposit rates and fees

Do you have an SMSF?

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.

Interest rate effective date:
Term Deposit Headline rates - 23 March 2016

* For Term Deposits of less than six months, interest is paid/added to the deposit at maturity

# For Term Deposits of less than 12 months, interest is paid/added to the deposit at maturity

Registered to BPAY Pty Ltd ABN 69 079 137 518