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  4. Term Deposit

Term Deposit

  • 1 month
  • Automatic maturity rollover
  • Joint application available
  • Maturity alert by email

Interest rate

1.20%

Maximum rate

4.25%

for 12 months

Term Deposit

  • 1 month
  • Automatic maturity rollover
  • Joint application available
  • Maturity alert by email

Interest rate

1.20%

Maximum rate

4.25%

for 12 months

Pros and Cons

For Term Deposit

Benefits

  • 12 month interest rate (for $50k deposit) ranked in the best 20%
  • Interest can be paid to other institution
  • Automatic maturity rollover
  • Maturity alert by email

Drawbacks

  • Early withdrawal available with $30 fees
  • 31 days notice to withdraw funds before maturity and interest rate adjustment will apply to interest earned on funds

Commonwealth Bank Rate Term Deposit overview

For Term Deposit

Features

Min deposit

$50,000

Automatic maturity rollover

Maturity alert by phone

Maturity alert by email

Joint application available

Minimum age requirement

Notice period to withdraw

31

Is covered by government guarantee

Target Market Determination

Visit Commonwealth Bank of Australia to view Target Market Determination.

Interest

Interest calculation frequency

Daily

Interest payment frequency options

At Maturity, Annually

Interest payment via other institution

Interest payment method

-

Fees

Account keeping fee

$0

Early withdrawal fee

$30

Rates

TermRates on deposit of ($5,000 - $49,999)Rates on deposit of ($50,000 - $1,999,999)
1 month1.20%1.25%
2 months1.45%1.50%
3 months3.45%3.50%
4 months3.50%3.55%
5 months3.60%3.65%
6 months3.70%3.75%
7 months3.75%3.80%
8 months3.80%3.80%
9 months3.95%4.00%
10 months4.00%4.05%
11 months4.05%4.10%
1 year4.25%4.25%
1.5 years4.20%4.25%
2 years3.95%4.00%
3 years3.95%4.00%
4 years3.95%4.00%
5 years3.95%4.00%

Promoted term deposit products

Judo Bank Pty Ltd

Personal Term Deposit (At Maturity)

Real Time Rating™

  • 6 months

  • Automatic maturity rollover

  • Joint application available

  • Maturity alert by email

2024 Award Winner

Interest rate

5.10%

for 6 months

Min deposit

$1,000

Next rate increased

5.10%

for 6 months

Maximum rate

5.10%

for 6 months

More detailsclick for more details

Product info
Rabobank Australia

Term Deposit

Real Time Rating™

  • 1 month

  • Automatic maturity rollover

  • Joint application available

Interest rate

2.00%

for 1 month

Min deposit

$1,000

Next rate increased

4.80%

for 3 months

Maximum rate

4.90%

for 60 months

More detailsclick for more details

Product info
Unity Bank Limited

Term Deposits

Real Time Rating™

  • 3 months

  • Automatic maturity rollover

  • Joint application available

  • Maturity alert by email

Interest rate

3.50%

for 3 months

Min deposit

$1,000

Next rate increased

4.10%

for 6 months

Maximum rate

4.80%

for 12 months

More detailsclick for more details

Product info
ANZ Banking Group Limited

Advance Notice Term Deposit

Real Time Rating™

  • 1 month

  • Automatic maturity rollover

  • Joint application available

  • Maturity alert by phone

Interest rate

1.25%

for 1 month

Min deposit

$5,000

Next rate increased

1.50%

for 2 months

Maximum rate

4.70%

for 12 months

Product info
product data updated on

Product data updated on 19 Apr 2024

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