Standard Term Deposit
Feel confident knowing exactly how much your money will earn. Lock-in a competitive interest rate from as short as 1 month to as long as 5 years.
- Fixed rate
- 5.25%
- 12–13 months
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Fixed Holding facility rate. When your funds are in the holding facility, they're renewed at a fixed interest rate every seven days until we receive your instructions for withdrawal or reinvestment for an agreed fixed term of one month or longer. You can give us instructions at any time, once you decide what you want to do. | 1.2% | Amount | every 6 months |
| Fixed Holding facility rate. When your funds are in the holding facility, they're renewed at a fixed interest rate every seven days until we receive your instructions for withdrawal or reinvestment for an agreed fixed term of one month or longer. You can give us instructions at any time, once you decide what you want to do. | 1.2% | Amount | yearly |
| Fixed Holding facility rate. When your funds are in the holding facility, they're renewed at a fixed interest rate every seven days until we receive your instructions for withdrawal or reinvestment for an agreed fixed term of one month or longer. You can give us instructions at any time, once you decide what you want to do. | 1.2% | Amount | every 4 weeks |
| Fixed Holding facility rate. When your funds are in the holding facility, they're renewed at a fixed interest rate every seven days until we receive your instructions for withdrawal or reinvestment for an agreed fixed term of one month or longer. You can give us instructions at any time, once you decide what you want to do. |
Fees
| Fee | Type | Amount |
|---|---|---|
| Prepayment administration fee You'll need to give us 31 days' notice to withdraw all or part of your funds if your Term Deposit hasn’t reached the end of the fixed term. A prepayment adjustment (variable amount) and $30 prepayment administration fee may apply if you withdraw your funds early. To see an example of how the Prepayment Interest Adjustment is calculated, please see our Terms & Conditions. | Event | $30.00 |
| Prepayment interest adjustment You'll need to give us 31 days' notice to withdraw all or part of your funds if your Term Deposit hasn’t reached the end of the fixed term. A prepayment adjustment (variable amount) and $30 prepayment administration fee may apply if you withdraw your funds early. To see an example of how the Prepayment Interest Adjustment is calculated, please see our Terms & Conditions. | Event | Variable |
Features
- Digital banking
- Manage online and on the go: See, track and manage your Term Deposit alongside your other accounts in NetBank, CommBiz and the CommBank app. Know what you're earning: The fixed rate of return means you'll always know what your investment's worth and can plan how to use the interest earned.
- Digital banking
- Wherever you are in the world, CommBank gives you the choice and control to securely manage all of your accounts on a range of devices, the way you want.
- Notifications — Maturity reminders
- Knowing when it matures. It's crucial to keep track of your Term Deposit so you have time to decide on a plan before it matures. We send you a letter roughly a week before your Term Deposit matures, letting you know your options. You can also opt-in for free account alerts (Choose between an email, SMS or NetBank notification) so we can remind you when your Term Deposit is due to mature.
- Notifications — Opt-in for free maturity alerts and e-notices
- Opt-in for free maturity alerts and e-notices. Opt in for alerts and we'll send you an email or SMS a week before your Term Deposit matures - so you never miss your maturity date. Opt in for e-notices and replace the clutter of paper notices. Look back at old notices in NetBank and we'll email you when a new one is available.
Eligibility
- Minimum age — 18 yearsYou can open a Term Deposit online under a personal or Self-Managed Super Fund (SMSF) name. To do so, you need to be 18 years or over.
- Have an Australian residential address, or otherwise subject to exception.
- Individuals onlyBe individuals
- A domestic business, e.g. a sole trader, partnership, company, trust, with an ABN or ACN. — Be one of the following entity types, with at least one signatory aged 18 or older and a residential address in Australia:
- A foreign company that carries on business in Australia, and is registered with ASIC; or owns property in Australia, but does not carry on a business in Australia. — Be one of the following entity types, with at least one signatory aged 18 or older and a residential address in Australia:
- A trust, superannuation fund, association, registered co-operative, body corporate or government body — Be one of the following entity types, with at least one signatory aged 18 or older and a residential address in Australia:
Constraints
- Opening balance — $5,000.00A minimum deposit of $5,000 (call or visit your nearest branch for investments $5,000,000 and over)
More Information
Published by CommBank under the Consumer Data Right · Last updated 16 July 2026 · Product ID 523f5c6a7e5b46e78a533e3272faeb97 · View on CDR.gov.au