The Best Term Deposit Rates at Commonwealth Bank

At the end of the semester, 6 months or 12 months, you can save time and money by using your NetBank data. Personal, SMSF and renovation company customers can access this special offer online through NetBank and the CommBank app, or visit the nearest branch. Business customers should contact their relationship manager or visit the nearest branch to open a new term deposit with the special offer. There are no establishment or establishment fees.

If you want to withdraw your term deposit before it expires, you must notify us 31 days in advance.You may incur an advance interest payment, an adjustment and an administrative fee. The following rates apply to funds in the term deposit holding line. When your funds are in the withholding mechanism, they are renewed at a fixed interest rate every seven days until we receive your withdrawal or reinvestment instructions for an agreed fixed term of one month or more. You can give us instructions at any time, once you decide what you want to do.If you reinvest on a day that is not an interest payment date, the new term will start from the last interest payment date.

If funds are withdrawn before the next interest payment date, no interest is paid on funds deposited in the withholding system during the current seven-day interest period. If your fixed-term deposit remains in the holding center for more than 26 weeks, we will automatically renew it as a 1-month rolling term deposit at the then-announced exchange rate. The fixed rate of return means that you'll always know how much your investment is worth and you can plan how to use your profits.View, control and manage your term deposit, along with your other accounts, on NetBank. Sign up and we'll send you an email, SMS, or a notification at NetBank before your term deposit expires.

So you can let us know if you want to flip it, remove it or make a combination of both. Send us a message on the CommBank app or call us to connect to the right help.Get instant help from our virtual assistant or contact a specialist. Look for support and our most frequently asked questions. Find a branch, ATM or specialist near you.

The target market for this product can be found in the Determination of the target market for the product, available here.The interest rates offered may change at any time without notice. CommBank recognizes traditional land owners across Australia as the continuous guardians of the country and culture. We pay our respect to First Nations peoples and their elders, past and present. The CBA responds to the Reserve Bank of Australia's cash rate decision.Following the Reserve Bank of Australia (RBA) decision on the cash rate, the CBA will increase variable interest rates on mortgage loans by 0.50% per annum (p, a).

The CBA will also increase interest rates for the following deposit products: customers can estimate how much their home loan repayments can increase using the home loan repayment calculator.We have a variety of support materials available to customers, including tips for customers to manage their home loans in an environment of rising rates. Customers who are falling behind schedule or think they might be late paying off their home loans can send us a message to contact our financial assistance solutions team. We also encourage customers to talk to us about how we can support them through our extensive network of lending specialists.With a wide variety of term options ranging from as little as one month to five years, a Commonwealth Bank term deposit could be a step in the right direction for you and your savings goals. Rates of up to 2.50% are offered, depending on the amount of your deposit and how long you want to keep it.The Commonwealth Bank term deposit gives you the option to pay your interest every 28 days, every six months, annually, or at maturity, depending on the length of your term.

You can also choose to have your interest paid at a different bank of your choice once your account is due. This term deposit also has an automatic renewal option for customers who want to extend their term beyond the expiration date. Just be sure to check that the new offer is still competitive before you let it be renewed.Commonwealth Bank's term deposit offers a wide variety of terms and interest rates, so it could be a good option whether you're looking to quickly increase your savings or store long-term savings. Different interest rates apply to different amounts or different interest payment frequencies.The Commonwealth Bank has treated me like family.

They explain in everyday language where you can get the best terms for our money. Commonwealth Bank is a secure bank with a great reputation but it has low interest rates and high fees. The bank has been a great help and their customer service is excellent; I have no problem recommending them to anyone.The Commonwealth Bank may be one of Australia's biggest and oldest banks but lately it's determined to do things differently; they believe that they focus more on customer service and winning its business than on relying on it.If you like what you hear then check out Commonwealth Bank's wide range of personal banking products including term deposits, savings accounts, credit cards, home loans and personal loans. See Commonwealth Bank term deposits Mozo's editorial star ratings are a 5-star score obtained by the reviewer after carefully considering a product's fees, commissions and features compared to other products that offer similar features.Ratings are just one factor you might want to consider when choosing a financial product; our ratings have been determined without considering your personal goals and a highly rated product may not be best for you; terms conditions exclusions limits and sub-limits may apply.

Liam Anderson
Liam Anderson

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