7.4 / 10

based on 45412 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 25 November, 2020. 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

0.60% p.a.1 year

$5,000.00

yes

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

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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
7.1/10
Price
Features
Customer service
Convenience
Trust

843 Reviews

Recent Commonwealth Bank term deposit reviews

Commonwealth Bank Term Deposit review
Overall 9/10
Reliable, safe and trustworthy.

Largest and most reliable during the pandemic.

Read full review

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 3 months ago
Commonwealth Bank Term Deposit review
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.

Read full review

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 3 months ago
Commonwealth Bank Term Deposit review
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.

Read full review

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 5 months ago
Commonwealth Bank Term Deposit review
Overall 8/10
Convenient, well-known and reliable

Convenient bank for most locations and one of the most well-known and reliable banks.

Read full review

Convenient bank for most locations and one of the most well-known and reliable banks.

Price
4/10
Features
4/10
Customer service
8/10
Convenience
8/10
Trust
8/10
Less
Luke, Queensland reviewed 5 months ago

Term deposit quick links