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Term deposits rates and fees

Term Deposit interest rates

Earn a competitive interest rate for your investment. Interest rates vary depending on the term of your deposit. If you have more than $500,000 to invest or are currently overseas, we have a range of options to help.

Term Deposit headline interest rates

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


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

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

Interest paid

60 months 


2.90% p.a.


36 - 47 months 

2.60% p.a.

2.70% p.a.


12 months 

2.35% p.a.

2.45% 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 

2.35% p.a.

2.35% p.a.

At the end of the term

You can also find rates for other terms of investment at any branch or by phoning 13 2221, 24 hours a day, 7 days a week.

Looking to earn an ongoing competitive interest rate whilst still having the flexibility to access your funds when you need it? Consider NetBank Saver, our high interest online savings account.

New to the Commonwealth Bank?

If you'd like to invest online and you don't currently have access to NetBank, the above interest rates and terms are available when you apply here.

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 are 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.

If you reinvest on a day that is not 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 No interest is paid on funds in the holding facility for the current 7 day interest period if funds are withdrawn before the next interest payment date.


Interest rate

Less than $10,000


$10,000 to $99,999

0.75% p.a.

$100,000 to $1,999,999

1.75% p.a.


Term Deposits have no set up or establishment fee. If you seek prepayment of your term deposit prior to its maturity date, you must give us 31 days' notice and may incur an interest adjustment and be charged an administration fee.

Important information
Interest rates on offer may vary at any time without notice.
Interest rate effective date:
  • Term Deposit Headline rates - 23 March 2016
  • Term Deposit holding facility – 13 May 2016

My Term Deposit has nearly matured. How to renew online