Compare other
term deposits
4.75%6 months
yes
Term |
Rates |
|---|---|
| 1 month |
2.70% $5,000 to $9,999 3.20% $10,000 to $49,999 3.50% $50,000 to $1,999,999 |
| 2 months |
2.70% $5,000 to $9,999 4.65% $10,000 to $49,999 4.75% $50,000 to $1,999,999 |
| 3 months |
2.70% $5,000 to $9,999 3.20% $10,000 to $49,999 3.50% $50,000 to $1,999,999 |
| 4 months |
2.70% $5,000 to $9,999 3.20% $10,000 to $49,999 3.50% $50,000 to $1,999,999 |
| 5 months |
2.70% $5,000 to $9,999 3.20% $10,000 to $49,999 3.50% $50,000 to $1,999,999 |
| 6 months |
2.70% $5,000 to $9,999 4.65% $10,000 to $49,999 4.75% $50,000 to $1,999,999 |
| 7 months |
2.70% $5,000 to $9,999 3.20% $10,000 to $49,999 3.50% $50,000 to $1,999,999 |
| 9 months |
2.70% $5,000 to $9,999 3.20% $10,000 to $49,999 3.50% $50,000 to $1,999,999 |
| 1 year |
2.70% $5,000 to $9,999 4.65% $10,000 to $49,999 4.75% $50,000 to $1,999,999 |
| 13 months |
2.70% $5,000 to $9,999 4.60% $10,000 to $49,999 4.70% $50,000 to $1,999,999 |
| 2 years |
2.70% $5,000 to $9,999 4.60% $10,000 to $49,999 4.70% $50,000 to $1,999,999 |
| 3 years |
2.70% $5,000 to $9,999 4.90% $10,000 to $49,999 5.00% $50,000 to $1,999,999 |
| 4 years |
2.70% $5,000 to $9,999 4.90% $10,000 to $49,999 5.00% $50,000 to $1,999,999 |
| 5 years |
2.70% $5,000 to $9,999 5.10% $10,000 to $49,999 5.20% $50,000 to $1,999,999 |
* The rates shown here are all for interest paid at maturity for terms of less than 1 year, and annually for terms of one year or more.
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.
Mozo People's Choice Awards. As voted by the Australian money public. Our Community of 23,000 reviewers gave this provider the thumbs up.
| Product Type | Overall | Price | Features | Service | Convenience | Trust |
|---|---|---|---|---|---|---|
| Commonwealth Bank term deposits |
7.3
Based on 101 Commonwealth Bank term deposit reviews |
6.9 | 5.9 | 7.6 | 8.3 | 7.9 |
Read Commonwealth Bank term deposit reviews by the Mozo community
minimum deposit
minimum deposit
More Commonwealth Bank term deposits
* Fees and charges are payable
Great for saving
Commonwealth Bank offers high interest rates within their term deposits which suits my situation perfectly. I am currently saving for a house and whenever I save I get rewarded monthly by Commonwealth Bank with great interest and bonuses. They enc... Full review
Commonwealth Bank offers high interest rates within their term deposits which suits my situation perfectly. I am currently saving for a house and whenever I save I get rewarded monthly by Commonwealth Bank with great interest and bonuses. They encourage their customers to save their money rather than taking out larger loans and the customer support is awesome.
Was this review helpful?
Yesminimum deposit
minimum deposit
More Commonwealth Bank term deposits
* Fees and charges are payable
Great bank. Great products.
The Commonwealth Bank offers competitive rates on Term Deposits and looks after long term customers. Full review
The Commonwealth Bank offers competitive rates on Term Deposits and looks after long term customers.
Was this review helpful?
Yesminimum deposit
minimum deposit
More Commonwealth Bank term deposits
* Fees and charges are payable
Rates reasonable. customer service varies
It is just another Term deposit, just like all the other banks. Nothing special about it. Whilst it is a standard account offered by the big banks and i know it is secure. i just don't believe it is as good as it could be.The interest rates whilst... Full review
It is just another Term deposit, just like all the other banks. Nothing special about it. Whilst it is a standard account offered by the big banks and i know it is secure. i just don't believe it is as good as it could be.The interest rates whilst competitive with the other big banks, i still think that there are better safe interest earner online. The staff it the rural branch of Numurkah are very helpful and polite but you don't always get the same sort of helpfulness on phone enquiries.
Was this review helpful?
Yesminimum deposit
minimum deposit
More Commonwealth Bank term deposits
* Fees and charges are payable
Always helpful
Always very helpful with anything you want to know or any problems you may have. Always greet you with a smile and willing to go out of their way to make sure you are satisfied 100%. Have recommended them to my friends in past and near future. Wou... Full review
Always very helpful with anything you want to know or any problems you may have. Always greet you with a smile and willing to go out of their way to make sure you are satisfied 100%. Have recommended them to my friends in past and near future. Would never leave this branch. Very loyal customer for over 20yrs and proud of it.
Was this review helpful?
Yesminimum deposit
minimum deposit
More Commonwealth Bank term deposits
* Fees and charges are payable
Friendly service and good helpful advice.
I like this product because it locks your funds for a selected period, so you are not tempted to draw on them for whims you may not really need. The product also allows for interest only to be paid out monthly, quarterly and half yearly or yearly. Full review
I like this product because it locks your funds for a selected period, so you are not tempted to draw on them for whims you may not really need. The product also allows for interest only to be paid out monthly, quarterly and half yearly or yearly.
Was this review helpful?
Yesminimum deposit
minimum deposit
More Commonwealth Bank term deposits
* Fees and charges are payable
No customers service, can't provide statements
Comminvest review On the 16th March I visited the Commonwealth Bank branch in Kingston, Tasmania. The reason for this visit was in regard to investments my mother (aged 83) has with Comminvest. Each of these investments has interest paid ... Full review
Comminvest review On the 16th March I visited the Commonwealth Bank branch in Kingston, Tasmania. The reason for this visit was in regard to investments my mother (aged 83) has with Comminvest. Each of these investments has interest paid regularly into her Commbank passbook account (I am a signatory), mostly with a "regular" (4 weekly) interval. When the interest payments are made they appear to be notated in the passbook with the words "MISC" or "DEB INT" and NO DETAIL of which Comminvest Term Deposit they came from. At the end of the financial year, a total of the interest earned is received, WITH NO BREAKDOWN OF THE INDIVIDUAL INTEREST PAYMENTS MADE DURING THE YEAR. As there are no details of where the interest came from in the bank account, and no correlation between the interest payments into the bank account and the end of year statement from Comminvest, it IS IMPOSSIBLE TO DO A VALID TAX RETURN. I explained all of the above to the Commbank staff and spent over an hour with them while they explained the situation over the phone to Comminvest staff and it was my belief both staff understood the prediciment and understood my one request: TO SEND AN ITEMISED BREAKDOWN LIST OF INTEREST PAYMENTS AND DATES OF INTEREST PAYMENTS MADE INTO THE BANK ACCOUNT FOR EACH COMMINVEST INVESTMENT. I was then informed this would be done and would be received within five working days. What was received was exactly the same as what is received at the end of the financial year - a total of the interest received - no breakdown of the individual amounts made during the year. Today when I phoned their "Enquiries" line on 1800 730 543 and asked to speak to a manager I was told it was policy that call centre staff could not transfer clients to managers! Given their lack of customer service and total ineptitude to basic bookkeeping and technology, be warned to stay clear of Comminvest!
4 people found this review helpful – do you?
Yesminimum deposit
minimum deposit
More Commonwealth Bank term deposits
* Fees and charges are payable
Come on get some moral fibre.
I am disenchanted with the major banks. They get bigger and bigger profits and squeeze the customer. Gone are the days when banks kept your money secure and you felt safe with them. Young people turned out of their homes. A young couple with t... Full review
I am disenchanted with the major banks. They get bigger and bigger profits and squeeze the customer. Gone are the days when banks kept your money secure and you felt safe with them. Young people turned out of their homes. A young couple with their first home. How many times over do they repay their loan with all the interest that is charged. Their employees losing their jobs and all in the name of making money. I changed my main account from CBA and will also change my term deposit later. They give us bad service and expect us to keep taking it. They have a lot to answer for.
Was this review helpful?
Yesminimum deposit
minimum deposit
More Commonwealth Bank term deposits
* Fees and charges are payable
Very good customer service and many options.
I was very impressed by the staff and the service at my bank branch when I inquired about Term Deposit. As my small investment fund was only gaining 2% with another group I am very happy to put my cash into a Term Deposit offering more than double... Full review
I was very impressed by the staff and the service at my bank branch when I inquired about Term Deposit. As my small investment fund was only gaining 2% with another group I am very happy to put my cash into a Term Deposit offering more than double the interest and as I need long term investment it suits me. I will also place a smaller amount into a short term deposit with more flexibility. This bank offered plenty of solutions for my problems in investment.
Was this review helpful?
Yesminimum deposit
minimum deposit
More Commonwealth Bank term deposits
* Fees and charges are payable
Great bank - just not near here.
Like: Helpful, friendly, supportive, bank. Dislike: nearest branch is 70 kms away, therefore communication is difficult and day-to-day transactions are impossible. Full review
Like: Helpful, friendly, supportive, bank. Dislike: nearest branch is 70 kms away, therefore communication is difficult and day-to-day transactions are impossible.
Was this review helpful?
Yesminimum deposit
minimum deposit
More Commonwealth Bank term deposits
* Fees and charges are payable
Know exactly what you are receiving.
Pros - Fixed interest rate means you know exactly what you will receive at maturity. You can set the 12 month option and forget about it until the next year. This is a lower risk than shares. Cons - Lower return than high risk investment. Must bar... Full review
Pros - Fixed interest rate means you know exactly what you will receive at maturity. You can set the 12 month option and forget about it until the next year. This is a lower risk than shares. Cons - Lower return than high risk investment. Must barter for the best interest rate on renewal. Compare the rate to other financial institutions and ask the bank to match. Go to your local branch for the best result and barter the highest interest rate.
1 person found this review helpful – do you?
Yesminimum deposit
minimum deposit
More Commonwealth Bank term deposits
* Fees and charges are payable
I believe that they want my business, so they go all the way with helping me. Such as showing me how long I should invest for. They know that as a pensioner I need a little extra money now & then so it only goes in for a short term. I believe that... Full review
I believe that they want my business, so they go all the way with helping me. Such as showing me how long I should invest for. They know that as a pensioner I need a little extra money now & then so it only goes in for a short term. I believe that you need to get 1 person on side with you and everything just happens. Now I just ring up or she rings me and makes me feel very important. Thank you.
Was this review helpful?
YesCompare other term deposits
Popular term deposits
Follow Mozo on: