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.
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Community First Term Deposit $100,000+
- Interest rate 24 months interest rate
- Up to 4.8% p.a.
- Minimum opening deposit
- $100,000
- Maximum deposit
- $1,000,000
- Maximum balance
- $1,000,000
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
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Competitive, fixed interest rate
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Choose how to receive interest payments
Cons
-
Large minimum deposit of $100,000
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 | 4.50% |
| 7 month interest rate | 4.50% |
| 9 month interest rate | 4.50% |
| 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 |
Your reviews
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Alison Finder
Editor
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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.
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
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
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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Ray Valdeter
February 20, 2023
Are deposits up to 250,000.00 covered under the government guarantee?