In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Commonwealth Bank Business Term Deposit

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


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.


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


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

In this guide

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


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 4.25%
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

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.

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.


  • 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).

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