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Summary

Invest your business funds in a business term deposit and enjoy fixed returns for the term length of your choice.

The Commonwealth Bank Business Term Deposit allows you to invest your surplus business cash for a term length that suits you between 1 month and 5 years, and earn a fixed interest rate for the life of the term. This means you can have peace of mind knowing exactly what return your money will make. There are no establishment fees or ongoing account fees to pay.

Pros

Large range of term lengths available
No set-up or account keeping fees
Fixed interest rate

Cons

Interest rates aren’t as competitive as some others in the market
Must give 31 days notice to withdraw funds early

Details

Key details

Product Name	Commonwealth Bank Business 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	4.60%
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

Eligibility

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

Key features

Terms from 1 month to 5 years

You can choose between a large range of term lengths from just one month to five whole years.

Minimum opening deposit of $5,000

You need a deposit of at least $5,000 to open this term deposit.

The rates shown above are for deposits up to $49,999. If you've got more to deposit, you can earn a slightly higher fixed rate.

Interest payments

You can select to receive interest payments monthly, annually or at account maturity.

No account fees

There are no establishment fees or ongoing account keeping fees to worry about with this term deposit.

31 days notice is needed for early withdrawals

If you need to withdraw money from this term deposit before it reaches maturity, you need to provide the bank with 31 days' notice. You'll also be charged an admin fee of $30 and may have your interest rate reduced.

Term maturity options

You'll receive an alert before your term deposit is set to mature, so you can decide what you'd like to do. You can either roll over the term into a new term with the current interest rate on offer, withdraw the money, or a combination of these (you can withdraw som and reinvest the rest).

How to apply

Unless you're an existing Commonwealth Bank customer, you need to call or visit a Commonwealth Bank branch to open a Business Term Deposit. Make sure you meet the following eligibility criteria and have the necessary documents with you.

Eligibility

You must be a registered Australian business with an Australian Business Number (ABN).
You must have a Tax File Number (TFN) for your business (or a TFN exemption code).

The person applying for the term deposit must be at least 18 years old.

Compare other business term deposit accounts

1 - 10 of 29

Name	3 Mths p.a.	4 Mths p.a.	5 Mths p.a.	6 Mths p.a.	7 Mths p.a.	12 Mths p.a.	24 Mths p.a.
Westpac Business Term Deposit $5,000 min. deposit$250,000 max. deposit	3 Mths p.a. 3.50%	4 Mths p.a. 3.55%	5 Mths p.a. 3.65%	6 Mths p.a. 3.75%	7 Mths p.a. 3.80%	12 Mths p.a. 4.25%	24 Mths p.a. 4.00%	More Info Compare
ME Business Term Deposit $5,000 min. deposit	3 Mths p.a. 2.05%	4 Mths p.a. 4.35%	5 Mths p.a. 0.85%	6 Mths p.a. 4.50%	7 Mths p.a. 1.35%	12 Mths p.a. 4.60%	24 Mths p.a. 2.00%	More Info Compare
Commonwealth Bank Business Term Deposit $5,000 min. deposit	3 Mths p.a. 3.45%	4 Mths p.a. 3.50%	5 Mths p.a. 3.60%	6 Mths p.a. 3.70%	7 Mths p.a. 3.75%	12 Mths p.a. 4.60%	24 Mths p.a. 3.95%	More Info Compare
ANZ Business Notice Term Deposit $5,000 min. deposit	3 Mths p.a. 3.50%	4 Mths p.a. -	5 Mths p.a. -	6 Mths p.a. 4.10%	7 Mths p.a. 3.40%	12 Mths p.a. 4.50%	24 Mths p.a. -	More Info Compare
Suncorp Bank Business Saver Account flexiRates	3 Mths p.a. 4.20%	4 Mths p.a. -	5 Mths p.a. -	6 Mths p.a. 4.60%	7 Mths p.a. -	12 Mths p.a. 4.70%	24 Mths p.a. -	More Info Compare
ING Business Term Deposit $10,000 min. deposit	3 Mths p.a. 0.50%	4 Mths p.a. 0.50%	5 Mths p.a. -	6 Mths p.a. 1.50%	7 Mths p.a. 0.80%	12 Mths p.a. 2.00%	24 Mths p.a. 2.40%	More Info Compare
Arab Bank Business Fixed Term Deposit $1 min. deposit	3 Mths p.a. 3.95%	4 Mths p.a. 3.70%	5 Mths p.a. 3.70%	6 Mths p.a. 4.60%	7 Mths p.a. -	12 Mths p.a. 4.25%	24 Mths p.a. 3.80%	Compare
AMP Business Term Deposit $5,000 min. deposit$24,999 max. deposit	3 Mths p.a. 4.70%	4 Mths p.a. 4.70%	5 Mths p.a. 5.10%	6 Mths p.a. 5.00%	7 Mths p.a. 4.75%	12 Mths p.a. 5.00%	24 Mths p.a. 4.75%	Compare
Bank Australia Business Term Deposits Green Company	3 Mths p.a. 4.85%	4 Mths p.a. -	5 Mths p.a. -	6 Mths p.a. 5.00%	7 Mths p.a. -	12 Mths p.a. 5.00%	24 Mths p.a. 4.50%	Compare
Bank of Melbourne Business Term Deposit $1,000 min. deposit	3 Mths p.a. 3.55%	4 Mths p.a. 3.60%	5 Mths p.a. 3.70%	6 Mths p.a. 3.80%	7 Mths p.a. 3.85%	12 Mths p.a. 4.30%	24 Mths p.a. 4.05%	Compare

Showing 10 of 29 results

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Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full profile

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Commonwealth Bank Business Term Deposit

Pros

Cons

Key features

Terms from 1 month to 5 years

Minimum opening deposit of $5,000

Interest payments

No account fees

31 days notice is needed for early withdrawals

Term maturity options

How to apply

Eligibility

Compare other business term deposit accounts

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