Commonwealth Bank Business Term Deposit

Commonwealth Bank Business Term Deposit

Min. Opening Deposit


Account Keeping Fee


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

  • Term lengths from one month to five years
  • Fixed interest rate for the life of the term
  • No account or set-up fees

Product details

The Commonwealth Bank Business Term Deposit allows you to invest your surplus business cash for a term length that suits you between one month and five 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.


This term deposit is available to Australian businesses only and is not for personal use.

Product Name
Commonwealth Bank Business Term Deposit
1 month interest rate
3 month interest rate
4 month interest rate
6 month interest rate
7 month interest rate
9 month interest rate
12 month interest rate
24 month interest rate
36 month interest rate
48 month interest rate
60 month interest rate
Min Deposit
Minimum Age Requirement

Features of the Commonwealth Bank Business Term Deposit

Fixed interest rate

You can enjoy a fixed interest rate on your deposit that will not change until the term reaches maturity. Having a fixed rate of return can help your business with future cash flow planning.

Terms from one month to five 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.

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).


  • 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

How to apply

You need to 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).
  • The person applying for the term deposit must be at least 18 years old.
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