Features

Opening balance
You can open a term deposit account with as little as $5,000.

Deposit terms
Select the term that best suits your investment goals. Park your money for as little as 30 days while you prepare to buy a house or invest in other investments, or reap the rewards of a longer term.

Guaranteed returns
Because the interest rate is fixed up front, you can enjoy a secure return for the entire term of your deposit.

Choose how you receive your interest
You can choose from a range of interest payment options. Have your interest paid monthly as an income stream, or put the interest back into your investment to benefit from compounding interest.

Your options include:

• 4 Weekly - interest is paid every 28 days and/or at maturity
• Six Monthly - interest is paid every 6 months and/or at maturity
• Compound six Monthly - interest is added to your term deposit every 6 months and/or at maturity
• Annual - interest is paid every 12 months and/or at maturity
• Compound Annually  - interest is added to your term deposit every 12 months and/or at maturity

 

Important information

Terms available for Term Deposits applied for online are subject to change. Please check Section1: Term Deposit Type on the Online Application page for the latest terms. Bank fees and Government charges may apply. 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 issued by Commonwealth Bank of Australia ABN 48 123 123 124 for Term Deposits and Electronic Banking (Electronic Banking services include telephone banking, NetBank and BPAY) are available on this website or from any branch of the Commonwealth Bank. If you have a complaint, the Bank’s dispute resolution process can be accessed on 13 2221.