Feel confident knowing exactly how much your money will earn. Lock-in a competitive interest rate from as short as 1 month to as long as 5 years.
Save time by using your NetBank details.
Call or visit your nearest branch.
With our Term Deposit, if you don’t need immediate access to these funds you have the security of locking in a fixed rate of return, giving you greater peace of mind.
Combined balances of up to $250,000 per account holder are guaranteed and secured by the Australian Government.
View, track and manage your Term Deposit alongside your other accounts in NetBank, CommBiz and the CommBank app.
We’re Australia’s largest bank, with an extensive branch network across the country, and all phone-based specialists in Australia. We’re here to help you with your investment and your future plans.
Once your Term Deposit matures, if you forget to let us know what to do with your investment or you haven’t decided yet, we’ll keep your funds secure in our holding facility for up to six months.
Some of our most popular rates
Interest rate for $5,000 to $49,999The above Term Deposit rates are available online and in branch for customers with a maximum limit of $1,999,999 per customer. For amounts greater than $1,999,999 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.
Latest rates as of 14 August 2024. Interest rates on offer may vary at any time without notice.
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.
Save time by using your NetBank details.
Call or visit your nearest branch.
If you're a new customer or you'd like to invest more, contact us or visit a branchSee, track and manage your Term Deposit alongside your other accounts in NetBank, CommBiz and the CommBank app.
The fixed rate of return means you’ll always know what your investment’s worth and can plan how to use the interest earned.
Opt in for alerts and we’ll send you an email or SMS a week before your Term Deposit matures – so you never miss your maturity date.
Opt in for e-notices and replace the clutter of paper notices. Look back at old notices in NetBank and we’ll email you when a new one is available.
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.
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. Watch how to manage your Term Deposit maturity in NetBank (opens in YouTube). Discover more
* Available on balances from $5,000 to $1,999,999 with interest paid annually. 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. Renewing Personal and SMSF Term Deposit customers can also call 13 2221. The target market for this product will be found within the product’s Target Market Determination, available here. This information has been prepared without considering your objectives, financial situation or needs. You should, before acting on this, consider the appropriateness of the product 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.
CommBank acknowledges the Traditional Owners of the lands across Australia as the continuing custodians of Country and Culture. We pay our respect to First Nations peoples and their Elders, past and present.
© 2024 Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945
