CommBank Term Deposits Rates and Reviews

Bank	Term Deposit	Interest Rate	Interest Frequency	Term	Minimum Deposit	Maximum Deposit	Notice Period to Withdraw	Account Keeping Fee	Link	Compare
Commonwealth Bank	Commonwealth Bank SMSF Term Deposit Special - 24 months	4.30% p.a.	Annually	24 months	$5,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 24 months	4.20% p.a.	Annually	24 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 24 months	4.20% p.a.	Annually	24 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 24 months	4.15% p.a.	Semi-Annually	24 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 24 months	4.15% p.a.	Semi-Annually	24 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 24 months	4.10% p.a.	Monthly	24 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 24 months	4.10% p.a.	Monthly	24 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit Special ($5,000 - $1,999,999) - 12 months	4.00% p.a.	Annually	12 months	$5,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 12 months	3.70% p.a.	Annually	12 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 12 months	3.70% p.a.	Annually	12 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 12 months	3.65% p.a.	Semi-Annually	12 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 12 months	3.65% p.a.	Semi-Annually	12 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 12 months	3.60% p.a.	Monthly	12 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 12 months	3.60% p.a.	Monthly	12 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 36 months	3.40% p.a.	Annually	36 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 48 months	3.40% p.a.	Annually	48 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 60 months	3.40% p.a.	Annually	60 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 36 months	3.35% p.a.	Annually	36 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 48 months	3.35% p.a.	Annually	48 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 60 months	3.35% p.a.	Annually	60 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 36 months	3.35% p.a.	Semi-Annually	36 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 48 months	3.35% p.a.	Semi-Annually	48 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 60 months	3.35% p.a.	Semi-Annually	60 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 36 months	3.30% p.a.	Semi-Annually	36 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 48 months	3.30% p.a.	Semi-Annually	48 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 60 months	3.30% p.a.	Semi-Annually	60 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 11 months	3.30% p.a.	At Maturity	11 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 36 months	3.30% p.a.	Monthly	36 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 48 months	3.30% p.a.	Monthly	48 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 60 months	3.30% p.a.	Monthly	60 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 11 months	3.25% p.a.	At Maturity	11 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 36 months	3.25% p.a.	Monthly	36 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 48 months	3.25% p.a.	Monthly	48 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 60 months	3.25% p.a.	Monthly	60 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 10 months	3.25% p.a.	At Maturity	10 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 10 months	3.20% p.a.	At Maturity	10 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 9 months	3.20% p.a.	At Maturity	9 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 9 months	3.15% p.a.	At Maturity	9 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 8 months	3.15% p.a.	At Maturity	8 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 8 months	3.10% p.a.	At Maturity	8 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 7 months	3.10% p.a.	At Maturity	7 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 7 months	3.05% p.a.	At Maturity	7 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 6 months	3.05% p.a.	At Maturity	6 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 6 months	3.00% p.a.	At Maturity	6 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 5 months	3.00% p.a.	At Maturity	5 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 5 months	2.95% p.a.	At Maturity	5 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 4 months	2.95% p.a.	At Maturity	4 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 4 months	2.90% p.a.	At Maturity	4 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 3 months	2.85% p.a.	At Maturity	3 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 3 months	2.80% p.a.	At Maturity	3 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 2 months	1.45% p.a.	At Maturity	2 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 2 months	1.40% p.a.	At Maturity	2 months	$5,000	$49,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (>$50,000) - 1 month	1.20% p.a.	At Maturity	1 months	$50,000	$1,999,999	–	–	More details	Compare
Commonwealth Bank	Commonwealth Bank Term Deposit (<$50,000) - 1 month	1.15% p.a.	At Maturity	1 months	$5,000	$49,999	–	–	More details	Compare

Term deposits see a customer ‘locking away’ their savings for an agreed-upon period of time in exchange for a regular return at a promised rate.

Term deposits	Available via CommBank?
Minimum deposit	$5,000
Maximum deposit	$1,999,999 without contacting the bank
Available terms	One month to five years
Interest paid	At maturity or annually for term deposits longer than 12 months
Fees for early withdrawal	✅

CommBank term deposit review

CommBank offers an array of term deposits, with terms ranging from one month to five years for deposits as small as $5,000. It allows for deposits of up to $1,999,999 online or in-branch and encourages those looking to deposit a larger amount to get in touch.

CommBank pays interest on its term deposits annually or at maturity if the term is shorter than 12 months. The bank also offers a higher rate of interest for term deposit balances over $50,000.

However, InfoChoice’s market research found CommBank term deposit rates are typically lower than the highest returns available on the market.

How to manage CommBank term deposit

The bank allows customers to view and track their term deposits in its app or online through the course of its life.

What to do when a CommBank term deposit reaches maturity

When a CommBank term deposit reaches maturity, its owner will need to decide what to do with the cash held within it.

They can choose to renew their term deposit for another term and lock in a new interest rate, top it up, or withdraw it completely.

CommBank holding facility

If a deposit holder doesn’t provide instructions on what to do with the balance of a term deposit once it expires, CommBank will place their funds into a holding facility for up to six months where they will earn a very minimal amount of interest. Thus, it’s probably worth having a plan for the funds in a term deposit before it matures.

Eligibility

CommBank allows customers to open a term deposit under their own name or that of the Self-Managed Super Fund (SMSF), as long as they:

Are at least 18 years old
Have a minimum deposit of $5,000
Have an Australian residential address
Have an existing NetBank ID and CommBank account
Have a Tax File Number (TFN) or TFN exemption (if a person doesn’t provide their TFN or TFN exemption, the bank legally has to withhold tax)
If opening as a SMSF, a customer must provide an Australian Business Number (ABN)

Important Information

InfoChoice.com.au provides general information and comparison services to help you make informed financial decisions. We do not cover every product or provider in the market. Our service is free to you because we receive compensation from product providers for sponsored placements, advertisements, and referrals. Importantly, these commercial relationships do not influence our editorial integrity.

CommBank Term Deposits

CommBank Term Deposits as of December 2025

CommBank Term Deposit Review

CommBank term deposit review

How to manage CommBank term deposit

What to do when a CommBank term deposit reaches maturity

CommBank holding facility

Eligibility

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CommBank Term Deposits

CommBank Term Deposits as of December 2025

CommBank term deposit review

How to manage CommBank term deposit

What to do when a CommBank term deposit reaches maturity

CommBank holding facility

Eligibility

Latest Deposit News

What's happening to my savings account after the August RBA cash rate cut?

What's happening to my savings account after the RBA cash rate cut?

What's happening to my savings account after the RBA cash rate cut?

Medium-length term deposits get the juice this week

Compare More CommBank Products

Term Deposit Comparison & Tools

Term Deposits Rates

Important Information

Editorial Integrity

Advertiser Disclosure

Product Coverage and Sort Order

Comparison Rate Warning and Base Criteria

Monthly Repayment Figures

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