Commonwealth Bank term deposits
Commonwealth Bank's overall rating for term deposits is
7.2(as rated by the Mozo community)
Commonwealth Bank offers the following term deposits
Note that a short term deposit is less than 1 year; therefore a long term deposit is 1 year or more.
| Product | Interest Rate (1 year) |
Interest Rate (30 days) |
Interest Payment Options* |
|---|---|---|---|
| Long Term Deposit ($100000 to $499999) | 6.00% | monthly, quarterly, half-yearly | |
| Long Term Deposit ($10000 to $49999) | 6.00% | monthly, quarterly, half-yearly | |
| Long Term Deposit ($50000 to $99999) | 6.00% | monthly, quarterly, half-yearly | |
| Long Term Deposit ($5000 to $9999) | 2.70% | monthly, quarterly, half-yearly | |
| Short Term Deposit ($10000 to $49999) | 3.20% | maturity | |
| Short Term Deposit ($5000 to $9999) | 2.70% | maturity | |
| Short Term Deposit ($100000 to $499999) | 3.75% | maturity | |
| Short Term Deposit ($50000 to $99999) | 3.20% | maturity |
*Different interest rates apply to different amounts or different interest payment frequencies.
The Commonwealth Bank might be one of Australia’s oldest and largest banks, but lately it’s determined to do things differently. The Commonwealth Bank reckons it’s focusing more on customer service and earning your business
rather than counting on it. If you like the sound of that, then check out the Commonwealth Bank’s wide range of personal banking products, including term deposits, savings accounts, credit cards, home loans and personal loans.
Reviews of Commonwealth Bank term deposits
| A Mozo reviewer from Victoria, a Commonwealth Bank term deposit customer. | 10Overall Rating | ||
| Competitive interest rates, ease of set up and interest payment options. Best term deposits I've taken. Reviewed about 3 hours ago |
|
| Carole from Victoria, a Commonwealth Bank term deposit customer. | 10Overall Rating | ||
| I like this product because they sit you down and work out the rates with you and I find this great. Reviewed 14 days ago |
|
| Leon from New South Wales, a Commonwealth Bank term deposit customer. | 8Overall Rating | ||
| It had the besy short term interest rate at the time. Reviewed 14 days ago |
|
| Alex from Victoria, a Commonwealth Bank term deposit customer. | 10Overall Rating | ||
| I feel that this bank places a huge emphasis on giving customers a very special and unique experience where they give calls now and then mostly just to check how u are doing and the like. As for whether this is the same at all branches I can't say it is as I have gotten very mediocre services near the central melbourne branches but overall it is a very satisfying experience from this bank. Reviewed 14 days ago |
|
| Sandra from Queensland, a Commonwealth Bank term deposit customer. | 5Overall Rating | ||
| I notice that Rabodirect has better interest rates but CBA will not match them despite us still having an investment loan through them and recently paid off a home loan. Reviewed 15 days ago |
|
How are other Commonwealth Bank products rated by the Mozo community?
| Product Type | Overall | Price | Features | Service | Convenience | Trust |
|---|---|---|---|---|---|---|
| Commonwealth Bank savings accounts | 6.7 2977 REVIEWS | 5.5 | 5.1 | 6.8 | 7.7 | 6.8 |
| Commonwealth Bank bank accounts | 6.6 1582 REVIEWS | 5.6 | 5.4 | 6.7 | 7.6 | 6.7 |
| Commonwealth Bank credit cards | 6.4 2207 REVIEWS | 5.3 | 5.6 | 6.4 | 7.6 | 6.6 |
| Commonwealth Bank personal loans | 6.3 387 REVIEWS | 5.5 | 4.9 | 6.5 | 7.3 | 6.3 |
| Commonwealth Bank home loans | 6.5 1498 REVIEWS | 6.1 | 6.0 | 6.6 | 7.6 | 6.3 |
| Commonwealth Bank term deposits | 7.2 253 REVIEWS | 6.4 | 5.4 | 7.2 | 7.5 | 7.3 |
Other providers of term deposits
With so many different term deposits on the market now, it's a tough call to pick the best one. Mozo is Australia's online money info zone, with all the objective information you need to make the right term deposit choice. You can find and compare Commonwealth Bank term deposits with Mozo or check out these other providers.
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