In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.

Commonwealth Bank term deposit

Commonwealth Bank Term Deposit
Interest rate 12 months interest rate
Up to 4.25% p.a.
Minimum opening deposit
Account keeping fee
Maximum deposit


A fixed rate term deposit that allows you to see exactly how much you will earn and when that money will be available.

With a minimum of $5,000 and a fixed interest rate scaled to its maturity date, you can make a savings plan that helps you achieve your financial goals. This is a fee free term deposit that locks your money away, helping you to resist the urge to spend your savings.


  • $0 Account keeping fees
  • Wide ranges of terms from from 1 month to 5 years


  • 31 days advance notice required in case of withdrawing funds before maturity
  • Minimum investment of $5,000

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question


Key details

Product Name Commonwealth Bank Term Deposit
3 month interest rate 3.45%
4 month interest rate 3.50%
6 month interest rate 3.70%
7 month interest rate 3.75%
9 month interest rate 3.95%
12 month interest rate 4.25%
24 month interest rate 3.95%
36 month interest rate 3.95%
48 month interest rate 3.95%
60 month interest rate 3.95%
Minimum Opening Deposit $5,000
Minimum age requirement 18
Government guarantee Yes


Minimum Age Requirement 18
Joint account availability Yes
Min Deposit $5,000
Available to children Not available for children

Key features

SPECIAL OFFER: 4.75% p.a. fixed rate term deposit for 12 months

This special 12-month rate is available for a limited time, for balances between $5,000 and $1,999,999, with interest paid at maturity. Full terms and conditions available on the Commonwealth Bank website.

No monthly fees

You will not be charged any set up costs or monthly fees by CommBank for their term deposit.

Fixed interest rates

The interest rates for the term deposit are fixed and tiered, with higher terms yielding you a better return on your investment.

Launch term deposit calculator

How to apply

If the terms of Commonwealth Bank's term deposit suit your financial needs you can begin your application online.


There are some eligibility requirements you will need to meet before the bank will consider an online application:

  • Minimum age. If applying online you must be at least 18 years old. Younger individuals who wish to open a term deposit will need to visit a Commonwealth Bank branch.
  • Residency requirements. You will need to be able to provide proof that you are currently residing in Australia.

Your reviews

Not enough reviews Write a review

Ask a question

Ask a question

Staff Finder


Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.



June 06, 2023

what is the best rate for $200,00 for 12 months at the CBA


Sarah Megginson Finder

June 28, 2023

Hi James,

As rates are changing constantly at the moment in the rising rate environment, your best bet is to contact CBA directly to find out their current rates as of the day you wish to invest your funds in a term deposit.

As of June 27, 2023, the rate for $200,000 for 12 months was 4.25%.

Hope this helps!

Show more Show less

Need to know

May 15, 2023

Hi Team,

The CBA increased the interest rate for home loans on 5/5/23 by the full RBA rate of 0.25%.

When will this be reflected in your term deposit accounts, most of which are lower than the current RBA cash rate of 3.85% whilst my mortgage is 7.5%+


Alison Banney Finder

May 16, 2023

Hi John, you’ve reached Finder, not CBA. We’re a free comparison service and are not associated in any way with any bank, so can’t comment on the interest rate decisions by banks. We’d suggest you get in touch with CBA directly about this.



April 15, 2023

Hi there,

If I put in $5,000.00 for 12 months for a TD, could I add money to the TD during the period?



Alison Banney Finder

April 17, 2023

Hi, once you open a term deposit it’s locked for the duration of the term length – you can’t take money out of it or put extra money into it.



March 14, 2023

Hi there,

If I put in 50,000 over 3 years what return would I get after the 3 years


Alison Banney Finder

March 15, 2023

Hi Bradley,

Using the current CBA term deposit rate for 3 years which is 4.00% p.a., you’d earn $6005.48 in interest after 3 years.





February 28, 2020

Hi I like to fixed deposit for term of four months $5000 how much money I got after for months please give me information


Nikki Angco

February 28, 2020

Hi Rashpal,

Thanks for your comment and I hope you are doing well.

When you deposit $5,000.00 on the Commonwealth Bank Term Deposit for 4 months, you get a 1.10% interest rate. This means, you will earn $55.00 which gives you a total of $5,055.00 at the end of the 4th month. Note that the interest is paid at maturity only.

As a friendly reminder, review the eligibility criteria, fees, interest rates, and terms & conditions of the chosen account before applying. You may also contact the bank should you have any questions about their product.



Show more Show less
Go to site