Commonwealth Bank term deposit reviews

Commonwealth Bank
Commonwealth Bank's overall rating for term deposits

(as rated by the Mozo community)

6.8 / 10

based on 250 reviews

Price

Features

Customer service

Convenience

Trust

Featured term deposit from Commonwealth Bank

Recent Commonwealth Bank term deposit reviews

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

Less

Michelle (QLD), reviewed 4 months 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

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Gaye (NSW), reviewed about 1 year 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

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Alexandra (VIC), reviewed over 1 year 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

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Wayne (NSW), reviewed over 1 year 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 (NSW), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   8 / 10

Helpful and good service at a branch level.

Generally happy with service and products. Need to negotiate for better rates rather than being offered. Are not particularly flexible on product range. Customer loyalty can be taken for granted. Branch service is good and helpful.

Full review

Generally happy with service and products. Need to negotiate for better rates rather than being offered. Are not particularly flexible on product range. Customer loyalty can be taken for granted. Branch service is good and helpful.

    Price   6 / 10

    Features   6 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   8 / 10

Less

David (NSW), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   8 / 10

Friendly staff

I always get good customer service and the staff are always friendly even though some of my requirements are time consuming.

Full review

I always get good customer service and the staff are always friendly even though some of my requirements are time consuming.

    Price   3 / 10

    Features   3 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   8 / 10

Less

Peter (QLD), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   4 / 10

CBA exploit their loyal customers!

Rates paid on term deposits keep going lower despite CBA continually making record profits. Had to threaten to withdraw money to get better rate than originally offered and still below rate paid on previous term deposit.

Full review

Rates paid on term deposits keep going lower despite CBA continually making record profits. Had to threaten to withdraw money to get better rate than originally offered and still below rate paid on previous term deposit.

    Price   3 / 10

    Features   5 / 10

    Customer service   5 / 10

    Convenience   5 / 10

    Trust   4 / 10

Less

Ayesha (NSW), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   6 / 10

Don't recommend

I love the idea of a term deposit but it's inconvenient that you can't contribute money to the account once you have started the term deposit and that you have to have 5000 saved before you can open it

Full review

I love the idea of a term deposit but it's inconvenient that you can't contribute money to the account once you have started the term deposit and that you have to have 5000 saved before you can open it

    Price   5 / 10

    Features   5 / 10

    Customer service   10 / 10

    Convenience   3 / 10

    Trust   10 / 10

Less

Haily (WA), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   8 / 10

Term rates terrible

Rates terrible, staff friendly

Full review

Rates terrible, staff friendly

    Price   3 / 10

    Features   2 / 10

    Customer service   6 / 10

    Convenience   6 / 10

    Trust   8 / 10

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Fran (QLD), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   2 / 10

Could be better

I have been a customer of this bank for many years. Now that my husband and I are retired it doesn't offer good investment opportunities for retirees.

Full review

I have been a customer of this bank for many years. Now that my husband and I are retired it doesn't offer good investment opportunities for retirees.

    Price   2 / 10

    Features   2 / 10

    Customer service   4 / 10

    Convenience   2 / 10

    Trust   3 / 10

Less

Lilly (NSW), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   10 / 10

Great interest rates and exemplary customer care.

I find the commonwealth bank's service fast and efficient and the customer reps are always very helpful and courteous. They always remind me when I need to pay a bill and they give me an extension if I need one.

Full review

I find the commonwealth bank's service fast and efficient and the customer reps are always very helpful and courteous. They always remind me when I need to pay a bill and they give me an extension if I need one.

    Price   9 / 10

    Features   5 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   7 / 10

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Leanne (VIC), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   7 / 10

Convenient!

I like this bank because theres lots of branches available. You also can easily open another account online. Very good customer service too.

Full review

I like this bank because theres lots of branches available. You also can easily open another account online. Very good customer service too.

    Price   6 / 10

    Features   6 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Veronica (VIC), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   10 / 10

Customer service is the key.

I have been a customer for over 60 years, and would have given them away if ever I was dissatisfied with their service. Over the counter and online service are as good as they need be.

Full review

I have been a customer for over 60 years, and would have given them away if ever I was dissatisfied with their service. Over the counter and online service are as good as they need be.

    Price   5 / 10

    Features   3 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Frank (NSW), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   1 / 10

Could improve

Low interest

Full review

Low interest

    Price   2 / 10

    Features   1 / 10

    Customer service   1 / 10

    Convenience   1 / 10

    Trust   1 / 10

Less

Halina (QLD), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   6 / 10

Good vs poor

Good product renewal process is poorly managed

Full review

Good product renewal process is poorly managed

    Price   9 / 10

    Features   4 / 10

    Customer service   1 / 10

    Convenience   10 / 10

    Trust   8 / 10

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Neil (VIC), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   7 / 10

Excellent customer service

Overall I am satisfied with my dealings with the CBA but there is only one ATM in Goolwa where I reside, apart from the local post office the nearest CBA is in Victor Harbour.

Full review

Overall I am satisfied with my dealings with the CBA but there is only one ATM in Goolwa where I reside, apart from the local post office the nearest CBA is in Victor Harbour.

    Price   7 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   3 / 10

    Trust   9 / 10

Less

Agnes (SA), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   9 / 10

Easy to use, good rate, friendly service

Easy internet access, quick turn around if needed. As competitive as possible in this financial climate and someone I trust with my money.

Full review

Easy internet access, quick turn around if needed. As competitive as possible in this financial climate and someone I trust with my money.

    Price   8 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   9 / 10

Less

Margaret (NSW), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   1 / 10

Poor return for long term

Rate not changed

Full review

Rate not changed

    Price   2 / 10

    Features   2 / 10

    Customer service   0 / 10

    Convenience   3 / 10

    Trust   0 / 10

Less

Kerrie (QLD), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   10 / 10

Best offer I've had

I've had term deposits several times over the years and this bank's interest rate equally or bettered the opposition nearly every time. I've been with them since 1950!

Full review

I've had term deposits several times over the years and this bank's interest rate equally or bettered the opposition nearly every time. I've been with them since 1950!

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Neville (VIC), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   6 / 10

Interest paid on time every month

Interest paid on time and local branch reminds us when the renewal is and gets the best rate at the time.

Full review

Interest paid on time and local branch reminds us when the renewal is and gets the best rate at the time.

    Price   5 / 10

    Features   5 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Sarah (QLD), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   9 / 10

Excellent Customer Service/Advice for best Options

Customer Service was excellent. Advice on shifting to a different A/C to get more interest was done in a matter of a few minutes, whilst I was at the Bank for another purpose! I was impressed. Fast moving queues also meant that I did not have to...

Full review

Customer Service was excellent. Advice on shifting to a different A/C to get more interest was done in a matter of a few minutes, whilst I was at the Bank for another purpose! I was impressed. Fast moving queues also meant that I did not have to wait long at all. Very happy.

    Price   9 / 10

    Features   10 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Mel (VIC), reviewed almost 3 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   10 / 10

They should have more term deposit specials

Cons=comparative rates on term deposits do not apply.

Full review

Cons=comparative rates on term deposits do not apply.

    Price   3 / 10

    Features   2 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Carol (NSW), reviewed almost 3 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   9 / 10

Reputable bank with nation wide branches and ATMs.

Reputable. Friendly staff. All enquiries treated with respect.

Full review

Reputable. Friendly staff. All enquiries treated with respect.

    Price   9 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Noelene (VIC), reviewed almost 3 years ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   10 / 10

Good rates, trustworthy, always great service

I have a few accounts with this bank and all is easily managed online, as well as friendly service when I go into the branch.

Full review

I have a few accounts with this bank and all is easily managed online, as well as friendly service when I go into the branch.

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Dana (VIC), reviewed almost 3 years ago

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Term deposit comparisons on Mozo - rates updated daily

  • Hunter United Term Deposit

    Hunter United Term Deposit

    • 5 month special rate, available for a limited time only
    • $5,000 minimum with deposits up to $250,000 government guaranteed
    • Interest paid upon maturity

    interest rate*

    2.75% p.a.
    5 months

    Minimum deposit

    $5,000

    Go to site

    More info

    • 5 month special rate, available for a limited time only
    • $5,000 minimum with deposits up to $250,000 government guaranteed
    • Interest paid upon maturity
    • Maximum deposit: $
    • Can interest be paid to another bank?: no
    • Automatic rollover: no
    Need more information?
    Go to site

    More info

  • Citi Term Deposit Special

    Citi Term Deposit Special

    • Competitive 6 month rate for new to bank funds
    • $0 Setup and account-keeping fees
    • Guaranteed interest rate

    interest rate*

    3.00% p.a.
    1 year

    Minimum deposit

    $100,000

    Go to site

    More info

    • Competitive 6 month rate 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

    9.0

    Based on 3 Citi term deposit reviews

    Need more information?
    Go to site

    More info

  • Featured product

     

    CUA Term Deposit

    CUA Term Deposit

    • Choose how and when your interest is paid
    • No monthly account or application fees
    • With options ranging from one month to five years, you can choose an investment term to suit your needs.

    interest rate*

    2.80% p.a.
    6 months

    Minimum deposit

    $50,000

    Go to site

    More info

    • Choose how and when your interest is paid
    • No monthly account or application fees
    • With options ranging from one month to five years, you can choose an investment term to suit your needs.
    • Maximum deposit: $1,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Overall rating

    8.5

    Based on 15 CUA term deposit reviews

    Need more information?
    Go to site

    More info

  • Illawarra Credit Union Term Deposit Special

    Illawarra Credit Union Term Deposit Special

    • 8 Month Term Deposit special, minimum $250,000 deposits
    • Monitor and renew your term deposit online anytime, anywhere via internet banking
    • No setup or monthly fees

    interest rate*

    2.95% p.a.
    8 months

    Minimum deposit

    $250,000

    Go to site

    More info

    • 8 Month Term Deposit special, minimum $250,000 deposits
    • Monitor and renew your term deposit online anytime, anywhere via internet banking
    • No setup or monthly fees
    • Maximum deposit: $
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    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*

    2.55% p.a.
    6 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

    8.9

    Based on 7 MyState Bank term deposit reviews

    Need more information?
    Go to site

    More info

Want more? Compare all 80 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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