The best term deposits page has now moved to here: Compare the best term deposit interest rates | Money | Saver Scene Australia
I've had a few people ask me about the best interest rates for Commonwealth bank term deposits, these don't come into the top interest rates which can be found on the best interest rates: Compare the best savings account rates, highest interest rate on instant access and term deposits.
The CBA term deposit rates can be found here:
Personal - Bank accounts -Term Deposit - Rates & Fees - Commonwealth Bank Group
Rates & Fees
Earn a competitive rate for your investment. Rates vary depending on the term of your deposit. If you have more than $500,000 to invest or are currently overseas, we have a range of options to help.
Term Deposit headline rates
The rates below are available in branch for Term Deposit amounts of $10,000 to less than $2,000,000 and NetBank, our internet banking service for amounts of $5,000 to less than $2,000,000.
You can also find rates for other terms of investment at any branch or by phoning 13 2221, 24 hours a day, 7 days a week.
Term Interest rate for $10,000 to $49,999 Interest rate for $50,000 to $1,999,999 Interest paid 60 months
4.50% p.a. 4.60% p.a. Annually 36 - 47 months
4.40% p.a. 4.50% p.a. Annually 12 months
3.90% p.a. 4.00% p.a. At the end of the term 7 months
3.90% p.a. 4.00% p.a. At the end of the term 4 months
3.90% p.a. 4.00% p.a. At the end of the term
New to the Commonwealth Bank?
If you'd like to invest online and you don't currently have access to NetBank, you can apply now. Only the following rates and terms are available when you apply here.
The rates below are for Term Deposit amounts of $5,000 to less than $2,000,000.
Term Deposit holding facility
Term Interest rate Choice of interest payment option 4 months 3.90% p.a. Six monthly or compound six monthly 7 months 3.90% p.a. Six monthly or compound six monthly 12 months 3.80% p.a. Six monthly or compound six monthly
The rates below are applicable to funds in the Term Deposit holding facility. When your funds are in the holding facility, they are renewed at a fixed interest rate every seven days until we receive your instructions for withdrawal, additional deposit or reinvestment for an agreed fixed term of one month or longer.
If you reinvest on a day that is not an interest payment date, the new term will commence from the last interest payment date. No interest is paid on funds in the holding facility for the current 7 day interest period if funds are withdrawn before the next interest payment date.
Balance Interest rate Less than $10,000 1.00% p.a. $10,000 to $99,999 1.75% p.a. $100,000 to $1,999,999 2.50% p.a.
Term Deposits have no set up or establishment fee. If you seek prepayment of your term deposit prior to its maturity date, you may incur an interest adjustment and be charged an administration fee.