In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert
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Community First Term Deposit $100,000+

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Community First Bank Term Deposit - $100,000+
Interest rate 24 months interest rate
Up to 4.8% p.a.
Minimum opening deposit
$100,000
Maximum deposit
$249,999
Maximum balance
$249,999

Our verdict

Invest your balance of $100,000 or more into a Community First Term deposit for three months to three years and be rewarded with a competitive interest rate.

If you don’t have a balance of $100,000, Community First also offers term deposits for balances starting from just $5,000 instead.

Pros

  • Terms from three months to three years
  • Competitive, fixed interest rate
  • Choose how to receive interest payments

Cons

  • Large minimum deposit of $100,000

In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert

If you’ve got a balance over $100,000, a term deposit by Community First could be a good way to make your money work harder for you. You’ll benefit from a competitive, fixed interest rate for the duration of your term, with terms from just three months to three years. Read on to learn about the features of the Community First Term Deposit account.

Details

Key details

Product Name Community First Bank Term Deposit - $100,000+
3 month interest rate 4.25%
4 month interest rate 4.25%
6 month interest rate 4.40%
7 month interest rate 4.30%
9 month interest rate 4.30%
12 month interest rate 4.75%
24 month interest rate 4.80%
36 month interest rate 4.80%
Minimum Opening Deposit $100,000
Government guarantee Yes

Eligibility

Joint account availability Yes
Min Deposit $100,000
Available to children No minimum age

Key features

Minimum investment of $100,000

To access the interest rates featured in the table above, you need a minimum investment of $100,000. This account also has a maximum investment of $249,999.

Term length up to three years

You can choose how long you’d like to lock your funds away, from as little as three months to three years. Generally, the longer the term the high interest rate you’ll receive.


How to apply

How to apply

You can apply online, over the phone or at one of Community First's financial services stores. You need to become a member first before you can apply for an account, which can be done online.

Eligibility

  • Minimum age. There is no minimum age requirement for this account.
  • Residency requirements. Account holders must be Australian residents with an Australian address.

Your reviews

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Alison Finder

Editor

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

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Ray Valdeter

February 20, 2023

Are deposits up to 250,000.00 covered under the government guarantee?


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Alison Banney Finder

February 21, 2023

Hi Ray,

Yes, deposits up to $250,000 in a Community First account are covered under the government guarantee scheme.


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Gary Quinn

February 15, 2023

Good afternoon,


Request information on the cost to become a member please, I am looking to invest $240,000 at your 12 month T/D rate of 4.50%.


Regards


Gary Quinn


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Alison Banney Finder

February 22, 2023

Hi Gary,


You’ve reached Finder, a financial comparison site. To become a member of Community First you need to supply them with details of a bank account in your name where they can debit your $2 membership fee from. Once you’re a member, you can open a term deposit.


Thanks,

Alison


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John

November 17, 2022

best way to invest $500,000 up to 3 years


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Alison Banney Finder

November 22, 2022

Hi John,


You’ve reached Finder. Community First offer fixed rates for deposits up to $250k in their term deposit account. To learn about your options for a larger deposit of $500k, we suggest you speak with Community First directly.


Thanks,

Alison


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