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Commonwealth Bank term deposit reviews

Commonwealth Bank
Commonwealth Bank's overall rating for term deposits

(as rated by the Mozo community)

7.1 / 10

based on 831 reviews

Price

Features

Customer service

Convenience

Trust

Featured term deposit from Commonwealth Bank

Commonwealth Bank Financial Planning

interest rate*

Minimum deposit
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Recent Commonwealth Bank term deposit reviews

Commonwealth Bank

Commonwealth Bank Term Deposit review

Overall rating   7 / 10

On par with other banks

They gave us our first home and have never refused any finance issues we have had.

Full review

They gave us our first home and have never refused any finance issues we have had.

    Price   7 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   7 / 10

Less

Thomas, Victoria, reviewed 8 months ago

Commonwealth Bank

Commonwealth Bank Term Deposit review

Overall rating   6 / 10

Good term deposit

Commonwealth's term deposit gets the job done. However there could be more features.

Full review

Commonwealth's term deposit gets the job done. However there could be more features.

    Price   6 / 10

    Features   4 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   6 / 10

Less

Peng, New South Wales, reviewed 8 months ago

Commonwealth Bank

Commonwealth Bank Term Deposit review

Overall rating   8 / 10

Great term deposit

CBA's term deposit is good. While the rates aren't the best , customer service is amazing and the are numerous features to help you.

Full review

CBA's term deposit is good. While the rates aren't the best , customer service is amazing and the are numerous features to help you.

    Price   7 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   8 / 10

Less

Rlratikah, New South Wales, reviewed 8 months ago

Commonwealth Bank

Commonwealth Bank Term Deposit review

Overall rating   10 / 10

Good premiums and fantastic service

I like CBA, they are a great bank.

Full review

I like CBA, they are a great bank.

    Price   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Leeanne, Victoria, reviewed 8 months ago

Commonwealth Bank

Commonwealth Bank Term Deposit review

Overall rating   8 / 10

Good

I'm very happy with my term deposit at CommBank.

Full review

I'm very happy with my term deposit at CommBank.

    Price   8 / 10

    Features   8 / 10

    Customer service   6 / 10

    Convenience   7 / 10

    Trust   8 / 10

Less

Rlratikah, New South Wales, reviewed 9 months ago

Commonwealth Bank

Commonwealth Bank Term Deposit review

Overall rating   1 / 10

Big no from me

They made me sign a paper when I was very sick.

Full review

They made me sign a paper when I was very sick.

    Price   2 / 10

    Features   2 / 10

    Customer service   1 / 10

    Convenience   1 / 10

    Trust   1 / 10

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Michelle, Queensland, reviewed over 1 year ago

Commonwealth Bank

Commonwealth Bank Term Deposit review

Overall rating   9 / 10

Friendly and trustworthy provider

Easy to get in contact with and discuss any of my enquiries.

Full review

Easy to get in contact with and discuss any of my enquiries.

    Price   9 / 10

Less

Gaye, New South Wales, reviewed about 2 years ago

Commonwealth Bank

Commonwealth Bank Term Deposit review

Overall rating   10 / 10

Competitive interest rates on long term deposits

I like the Commonwealth because they offer a high interest rate on Long Term Deposits.

Full review

I like the Commonwealth because they offer a high interest rate on Long Term Deposits.

    Price   10 / 10

Less

Ellen, South Australia, reviewed about 2 years ago

Commonwealth Bank

Commonwealth Bank Term Deposit review

Overall rating   8 / 10

Everything is great

I have nothing really to add but am satisfied with all services thus far

Full review

I have nothing really to add but am satisfied with all services thus far

    Price   7 / 10

Less

Terrie, Queensland, reviewed about 2 years ago

Commonwealth Bank

Commonwealth Bank Term Deposit review

Overall rating   8 / 10

Great service

Like that some branches are open on Sundays.

Full review

Like that some branches are open on Sundays.

    Price   6 / 10

Less

Colleen, Queensland, reviewed about 2 years ago

Commonwealth Bank

Commonwealth Bank Term Deposit review

Overall rating   7 / 10

Interest rates could be better, but good overall

As always the interest rate could be better

Full review

As always the interest rate could be better

    Price   5 / 10

Less

Lindday, Victoria, reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank Term Deposit review

Overall rating   10 / 10

Very satisfied overall

Friendly staff, no waiting period and there are multiple branches available for better convenience.

Full review

Friendly staff, no waiting period and there are multiple branches available for better convenience.

    Price   10 / 10

Less

Alexandra, Victoria, reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank Term Deposit review

Overall rating   10 / 10

Very satisfied overall

Yes

Less

Pornnapat, New South Wales, reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank Term Deposit review

Overall rating   2 / 10

Low interest rates

Other banks provide much higher interest rates than Commonwealth Bank.

Full review

Other banks provide much higher interest rates than Commonwealth Bank.

    Price   2 / 10

Less

Wayne, New South Wales, reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank Term Deposit review

Overall rating   9 / 10

Good customer service

Good interest

Full review

Good interest

    Price   8 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   9 / 10

Less

Eileen, New South Wales, reviewed over 3 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Term deposit comparisons on Mozo - rates updated daily

  • Citi Term Deposit Special

    Citi Term Deposit Special

    • Competitive rates for new to bank funds
    • $0 Setup and account-keeping fees
    • Guaranteed interest rate

    interest rate*

    2.25% p.a.
    3 months

    Minimum deposit

    $250,000

    		 Go to site

    More info

    • Competitive rates for new to bank funds
    • $0 Setup and account-keeping fees
    • Guaranteed interest rate
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    6.7

    Based on 15 Citi term deposit reviews

    Need more information?
    Go to site

    More info

  • UBank Term Deposit

    UBank Term Deposit

    • No fees whatsoever
    • Choice of a 1, 3, 4, 6, 9 or 12-month term for deposits from $1,000 - $2 million
    • Quick and easy account opening process

    interest rate*

    2.05% p.a.
    1 year

    Minimum deposit

    $1,000

    		 Go to site

    More info

    • No fees whatsoever
    • Choice of a 1, 3, 4, 6, 9 or 12-month term for deposits from $1,000 - $2 million
    • Quick and easy account opening process
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: Yes
    • Automatic rollover: Yes
    Overall rating

    8.3

    Based on 100 UBank term deposit reviews

    Need more information?
    Go to site

    More info

  • ANZ Advance Notice Term Deposit

    ANZ Advance Notice Term Deposit

    interest rate*

    2.15% p.a.
    4 months

    Minimum deposit

    $5,000

    		 Go to site

    More info

    • Maximum deposit: $99,999
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    7.2

    Based on 508 ANZ term deposit reviews

    Need more information?
    Go to site

    More info

  • MyState Bank Online Term Deposit

    MyState Bank Online Term Deposit

    • No set-up or account keeping fees
    • Apply online in minutes
    • Deposits up to $250,000 per customer are guaranteed by the Australian Government

    interest rate*

    2.00% p.a.
    4 months

    Minimum deposit

    $5,000

    		 Go to site

    More info

    • No set-up or account keeping fees
    • Apply online in minutes
    • Deposits up to $250,000 per customer are guaranteed by the Australian Government
    • Maximum deposit: $5,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Overall rating

    8.6

    Based on 27 MyState Bank term deposit reviews

    Need more information?
    Go to site

    More info

  • UBank Green Term Deposit

    UBank Green Term Deposit

    • No fees whatsoever
    • Choice of a 1, 3, 4, 6, 9 -month term for deposits from $1,000 - $2 million
    • Quick and easy account opening process

    interest rate*

    2.10% p.a.
    5 months

    Minimum deposit

    $1,000

    		 Go to site

    More info

    • No fees whatsoever
    • Choice of a 1, 3, 4, 6, 9 -month term for deposits from $1,000 - $2 million
    • Quick and easy account opening process
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: Yes
    • Automatic rollover: Yes
    Overall rating

    8.3

    Based on 100 UBank term deposit reviews

    Need more information?
    Go to site

    More info

*Different interest rates apply to different amounts or different interest payment frequencies.

Want more? Compare all 82 term deposits in the Mozo comparison engine.

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*Different interest rates apply to different amounts or different interest payment frequencies.

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