based on 45916 Commonwealth Bank banking product reviews as rated by Mozo community

Commonwealth Bank term deposits

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.

Commonwealth Bank offers the following term deposits

Rates and fees verified as correct at 23 September, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Best rate (up to 1 year) Minimum deposit Interest paid to another bank?
Term Deposit

0.30% p.a.1 year

$5,000.00

yes

How are Commonwealth Bank term deposits rated?

Mozo users have rated Commonwealth Bank term deposits on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of term-deposits
Commonwealth Bank term deposits
Overall
Price
Features
Customer service
Convenience
Trust

844 Reviews

Recent Commonwealth Bank term deposit reviews

Commonwealth Bank Term Deposit
Overall 6/10
Quality of personal service declining.

ATMs often out of order, branch staff try to guide me to use ATMs when trying to conduct personal banking and allow me to use teller staff when I insist!

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ATMs often out of order, branch staff try to guide me to use ATMs when trying to conduct personal banking and allow me to use teller staff when I insist!

Price
8/10
Features
7/10
Customer service
5/10
Convenience
6/10
Trust
9/10
Less
William, Victoria, reviewed 7 months ago
Commonwealth Bank Term Deposit
Overall 9/10
Reliable, safe and trustworthy.

Largest and most reliable during the pandemic.

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Largest and most reliable during the pandemic.

Price
9/10
Features
9/10
Customer service
9/10
Convenience
10/10
Trust
10/10
Less
Roger, Queensland, reviewed about 1 year ago
Commonwealth Bank Term Deposit
Overall 7/10
Reliable, but not competitive interest rates.

Commonwealth Bank is reliable, and setup is straightforward for most accounts. However the interest rates are not that competitive.

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Commonwealth Bank is reliable, and setup is straightforward for most accounts. However the interest rates are not that competitive.

Price
5/10
Features
6/10
Convenience
10/10
Trust
10/10
Less
Rose, New South Wales, reviewed about 1 year ago
Commonwealth Bank Term Deposit
Overall 7/10
They get the tick of mediocre.

I don't think you could be happy with a bank that offers close to 0% interest on saved deposits. But they certainly win when it comes to the customer service department.

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I don't think you could be happy with a bank that offers close to 0% interest on saved deposits. But they certainly win when it comes to the customer service department.

Price
0/10
Features
5/10
Customer service
7/10
Convenience
10/10
Trust
10/10
Less
Jonathan, Victoria, reviewed over 1 year ago

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Term deposit quick links