Help us improve our website by completing a quick survey. Start survey now

TERM DEPOSITS RATES AND FEES

Our interest rates and fees

Interest rates are available online and in branch for Term Deposits of $5,000 to less than $2,000,000.

Term

Interest rate for $10,000 to $49,999

Interest rate for $50,000 to $1,999,999

Interest paid

36 - 47 months1

3.20%p.a.

3.20% p.a.

Annually

24 - 33 months1

3.10% p.a.

3.10% p.a.

Annually

12 months1

3.00% p.a.

3.00% p.a.

At the end of the term

7 months 

2.40% p.a.

2.40% p.a.

At the end of the term

3 months 

2.10% p.a.

2.10% p.a.

At the end of the term

1 12 month, 24-33 month and 36-47 month rates are applicable from $5,000 to $1,999,999.

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 adjustment and prepayment administration fee.

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

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 holding facility

The rates below are applicable to funds in the Term Deposit holding facility. When your funds are in the holding facility, they’re renewed at a fixed interest rate every seven days until we receive your instructions for withdrawal, additional deposit or reinvestment for an agreed fixed term of one month or longer.

Balance

Interest rate

Less than $10,000

0.25%p.a.

$10,000 to $99,999

0.50% p.a.

$100,000 to $1,999,999

1.50% p.a.

If you reinvest on a day that isn’t an interest payment date, the new term will commence from the last interest payment date. No interest is paid on funds in the holding facility for the current seven day interest period if funds are withdrawn before the next interest payment date.

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 your earnings.

Manage online

Manage online

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

Opt-in for free alerts

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.

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.