7.4/10

Based on 46992 Commonwealth Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

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 22 July 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Best rate (up to 1 year) Minimum Deposit Interest paid to another bank?
New Deposit Special

4.90% p.a.1 year ($5,000 to $1,999,999)

$5,000.00

yes

Term Deposit

4.60% p.a.1 year ($5,000 to $49,999)

$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 customer reviews
Overall
7.1/10
Price
6.5/10
Features
5.8/10
Customer service
7.3/10
Convenience
7.8/10
Trust
7.5/10
Based on 856 Commonwealth Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Commonwealth Bank term deposit reviews

Commonwealth Bank Term Deposit
Overall 10/10
Best for customers service

I love this bank because of how l am treated

Read full review

I love this bank because of how l am treated

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Jonathan, Victoria, reviewed 4 months ago
Commonwealth Bank Term Deposit
Overall 9/10
ok

they have an office and have helped me during the grieving progress passing of my husband this 12months with our banking

Read full review

they have an office and have helped me during the grieving progress passing of my husband this 12months with our banking

Price
10/10
Features
9/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Jan, Queensland, reviewed 4 months ago
Commonwealth Bank Term Deposit
Overall 3/10
Intrest rates are the only let down

They need to raise the interest rate in their term deposit and savings accounts so that people who have more money would find it a better and safer opportunity with better interest rates

Read full review

They need to raise the interest rate in their term deposit and savings accounts so that people who have more money would find it a better and safer opportunity with better interest rates

Price
3/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
9/10
Less
Scott, Queensland, reviewed 4 months ago
Commonwealth Bank Term Deposit
Overall 9/10
I would recommend Commonwealth term deposit

Commonwealth Bank was very friendly communicated well and gave good advice. As a young woman doing a term deposit for the first time to make a little cash he was able to give me a 4.93 interest rate and was all done in 10 minutes. He gave me the confidence and trust to put my money in a term deposit and was helpful with advice on how much money I should put in. Very easy and efficient as there is lots physical (branch and ATM) around me and even remote using the Commonwealth app.

Read full review

Commonwealth Bank was very friendly communicated well and gave good advice. As a young woman doing a term deposit for the first time to make a little cash he was able to give me a 4.93 interest rate and was all done in 10 minutes. He gave me the confidence and trust to put my money in a term deposit and was helpful with advice on how much money I should put in. Very easy and efficient as there is lots physical (branch and ATM) around me and even remote using the Commonwealth app.

Price
9/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Isabel, Victoria, reviewed 4 months ago
See all term deposit reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
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.

Term deposit quick links