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Commonwealth Bank term 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.

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Product NameCommonwealth Bank Term Deposit - $5,000 - $49,999
3 month interest rate0.10%
4 month interest rate0.15%
6 month interest rate0.25%
7 month interest rate0.30%
9 month interest rate0.40%
12 month interest rate0.60%
24 month interest rate0.95%
36 month interest rate1.45%
48 month interest rate1.75%
60 month interest rate1.95%
Minimum Opening Deposit$5,000
Minimum Age Requirement18
The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

Key features

SPECIAL OFFER: 2.25% p.a. fixed rate term deposit for 18 months

This special 18-month term deposit rate is available from 13 May 2022 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.

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  1. Default Gravatar
    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

    • Default Gravatar
      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.


  2. Default Gravatar
    August 29, 2019

    Hi Dear,

    If I have the amount $30,000 and I want to invest that in a term deposit for 3 months, how much would be interest rate and how much interest I can earn for this amount?

    Thanks a lot!

    • Avatarfinder Customer Care
      August 29, 2019

      Hi Anna,

      Thank you for getting in touch with Finder.

      As of this writing, the interest rate for Commbank’s term deposit between $5,000 to $49,999 is 1.60% p.a. for 3 months. Since you mentioned that you’re thinking to deposit $30,000 you may earn the rate of 1.60% for 3 months which will be paid at the end of the term. The estimated calculated earned interest for your investment of $30,000 with an interest rate of 1.60% p.a. for 3 months is $120.16.

      I hope this helps.

      Thank you and have a wonderful day!


  3. Default Gravatar
    May 9, 2019

    How much percentage is the net saver, please?

    • Default Gravatar
      May 10, 2019

      Hi Marshall,

      Thank you for contacting Finder.

      For the Commonwealth Bank NetBank Saver Account, you can earn up to 2.51% maximum interest rate but it is only applicable if this will be your first time opening the said account. You can learn more about the Commonwealth Bank NetBank Saver Account.

      Please make sure that you’ve read the relevant T&Cs or PDS of this account to help consider whether the product is right for you.

      I hope this helps.

      Please do not hesitate to reach out again to us if you have additional questions.


  4. Default Gravatar
    March 5, 2018

    i have 225,000 in my term dep can i move 5000 to net bank saver

    • Avatarfinder Customer Care
      March 5, 2018

      Hi Atish,

      Thanks for your question.

      If you have money in your term deposit account, you can only withdraw or transfer it to your Net Saver account upon its maturity. If you choose to transfer the funds before maturity, you must give CommBank at least 31 days notice of your intent. This will result in an adjustment of the interest to match the new terms, along with an administration fee.


  5. Default Gravatar
    May 16, 2017

    I desperately need to access my term deposit as work died off but bank saying 31 days but I need now. Is it possible with commonwealth bank

    • Avatarfinder Customer Care
      May 16, 2017

      Hi Ross,

      Thanks for your question.

      Commonwealth Bank also requires at least 31 days notice in case you want to terminate your term deposit account earlier. You may have to directly get in touch with them if you want to negotiate getting your term deposit.


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