| Product | Best rate (up to 1 year) | Minimum Deposit | Interest paid to another bank? |
|---|---|---|---|
| New Deposit Special |
5.05% p.a.1 year ($5,000 to $1,999,999) |
$5,000.00 |
yes |
| Term Deposit |
4.25% p.a.1 year ($5,000 to $49,999) |
$5,000.00 |
yes |
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.
851 Reviews
I do like the bank and everything is easy to do (depositing money throught one machine unlike other banks) yet I was given false information on term deposits but one banker and a week later I went back in an got told something completely different.
Read full reviewI do like the bank and everything is easy to do (depositing money throught one machine unlike other banks) yet I was given false information on term deposits but one banker and a week later I went back in an got told something completely different.
The person I spoke with at Comm bank was very knowledgeable about the different types of accounts and term deposits they offered and their features. She was also able to give me a very competitive rate on my term deposit. It was a straight forward process and I felt like I was treated like a human being not a number. My personal needs and saving goals were taken into consideration also.
Read full reviewThe person I spoke with at Comm bank was very knowledgeable about the different types of accounts and term deposits they offered and their features. She was also able to give me a very competitive rate on my term deposit. It was a straight forward process and I felt like I was treated like a human being not a number. My personal needs and saving goals were taken into consideration also.
Exorbitant fees in the event that you redeem a term deposit early. After decades of banking with this bank, an 89 year old tried to withdraw money in a term deposit before the term deposit matured. A fee of over $17,000 was going to be charged for this elderly client to withdraw her money. She was advised that the only circumstances that it could be withdrawn before maturity without this fee was if she died. Is this fair?
Read full reviewExorbitant fees in the event that you redeem a term deposit early. After decades of banking with this bank, an 89 year old tried to withdraw money in a term deposit before the term deposit matured. A fee of over $17,000 was going to be charged for this elderly client to withdraw her money. She was advised that the only circumstances that it could be withdrawn before maturity without this fee was if she died. Is this fair?
They are taking advantage of customer inertia and inability to keep switching banks or products. So, they always pay the lowest return on most rates/terms/products.
Read full reviewThey are taking advantage of customer inertia and inability to keep switching banks or products. So, they always pay the lowest return on most rates/terms/products.