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- Special Term Deposit
Special Term Deposit
- 11 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
4.90%
Maximum rate
4.90%
for 11 months
Special Term Deposit
- 11 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
4.90%
Maximum rate
4.90%
for 11 months
Pros and Cons
For Special Term Deposit
Benefits
- Interest can be paid to other institution
- Automatic maturity rollover
- Maturity alert by email
Drawbacks
- Early withdrawal available with $30 fees
- 31 days notice to withdraw funds before maturity and interest rate adjustment will apply to interest earned on funds
Commonwealth Bank Rate Term Deposit overview
For Special Term Deposit
Features
Min deposit
$5,000
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum age requirement
Notice period to withdraw
31
Is covered by government guarantee
Target Market Determination
Interest
Interest calculation frequency
Daily
Interest payment frequency options
At Maturity, Annually
Interest payment via other institution
Interest payment method
-
Fees
Account keeping fee
$0
Early withdrawal fee
$30
Rates
Other Restrictions
Only on term deposits opened or renewed by personal, SMSF and business customers.