April term deposits update. The Bank publishes Term Deposit interest rates on commbank.com.au. With fixed interest rates starting at 0.05% p.a for a 1-month term, ranging up to 0.35% p.a for a 12 month term or 0.35% for a term of 5 years (for deposits containing $50,000 to $1,999,999), the Commonwealth Bank Term Deposit account could be exactly what you need. Commonwealth Bank … Deposit Rates. There’s little to cheer about when it comes to interest rates on savings accounts and term deposits at the moment.. Savings account interest rates. 006-556 010321 (ADB202) Term Deposits Dated 01 March 2021 General Information and Terms and conditions. In branch term deposit (Gold Term Deposit) Available in a branch, or over the phone for existing customers, the Gold Term Deposit has no linked bank account requirement. When you deposit $5,000.00 on the Commonwealth Bank Term Deposit for 4 months, you get a 1.10% interest rate. Reliable, but not competitive interest rates. Investment Rates: Saving ... CD accounts earn interest at a fixed rate. A penalty is imposed for early withdrawals from a CD, which may reduce earnings. Compare bank term deposit interest rates. Different rates apply to different terms and interest payment frequencies. On top of that the average interest rate for a $25,000 deposit for a 1-year term fell from 0.56% p.a. I love Commonwealth Bank, the staff are helpful, and I like that they were happy to match other bank's rates on the term deposit if you ask. ALL DEPOSITS ARE INSURED IN FULL. We understand that not all investors are the same, so we’ve compared a range of term deposits with competitive interest rates and different term lengths. The CBA business term deposit interest rates are based on the length of time or term you set when first investing your funds. For information regarding Term Deposits see the Term Deposit page on the Commonwealth Bank Website. Compare Westpac Bank term deposit rates with other banks at InfoChoice. This page includes a chart with historical data for Deposit Interest Rate in Australia. Term deposits are one of the bank account offerings offered by Commonwealth bank in conjunction to their savings accounts and transaction accounts. At the time of writing (January 2020), the highest total interest rate on the market is 2.65% p.a. Term deposits are bank accounts that lock away your money for a set period of time, usually ranging from one month to five years. Make your Money Work For You! The minimum deposit amount required by Commonwealth Bank is $5,000. Each term attracts different interest rates. Last updated 12 February 2021. NEW: Click on a provider's name or logo to see all their rates. If you want to earn competitive rates on your fixed deposits for an amount between $100,000 and $500,000, AMP Bank deposit may worth considering. Term Deposit Terms and Conditions. Recent Commonwealth Bank term deposit reviews . Read full review. For deposits with a term of 12 months or greater you may ask us to pay your interest monthly, quarterly, six monthly or annually; however, the rate applicable may vary depending on the interest payment frequency (note, interest must be paid at least once a year and cannot be paid only at maturity). Rates and fees; Fixed interest rates Information on CBA 1 Year Term Deposit Rates: Like the other big four banks in Australia, The Commonwealth Bank of Australia (CBA) is an Authorised Deposit-taking Institutions (ADIs) and the interest rates it sets for its 1 year deposit rates are highly correlated and influenced with the monetary policy decisions of the Reserve Bank of Australia. That said, it is still possible to get a higher interest rate with a six month term. Term Deposit Information Some ANZ term deposits will not ask for 31-days notice. Prepayment interest adjustment and administration fee may be applied. 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