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Commonwealth Bank term deposits
Commonwealth Bank (CBA) is Australia’s largest bank, and operates internationally with businesses in New Zealand, Asia and the United Kingdom.
Commonwealth Bank was founded in 1911 by the Andrew Fisher Labour Government. The Bank became a public company in 1991 and underwent three stages of privatisation until 1996. The Commonwealth Bank brand has grown to become one of the best recognised in the financial services industry.
CBA provides a full range commercial and retail banking services including home loans, credit cards, personal loans, term deposits, transaction accounts and car insurance.
Customers can contact CBA via:
- Branch
- Customer service centre (phone)
- Mobile app
- Online banking
- Social media
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Why choose Commonwealth Bank
Commonwealth Bank Term Deposits
Term Deposits calculator
Use our term deposit calculator to see how much you can earn under different investment scenarios.
The result provided is an estimate only. Please read our Calculator Assumptions and Disclaimer for more information.
Final balance at the end of term would be
- The final balance at the end of the savings duration is the sum of the initial deposit and interest earned, based on the entered duration and interest rate.
- Calculations assume that details entered into calculator, including interest rates, do not change for the fixed term deposit period.
- All results are based solely upon the data entered into the calculator.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstance. Read our full disclaimer.
About Commonwealth Bank term deposits
CBA offers term deposits from 1 month to 5 years. Interest is paid monthly, quarterly, biannually, annually or at maturity.
Its term deposit rates range from low to moderate, with different rate tiers for deposits under $5,000, $5,000 - $49,999 and $50,000 - $1,999,999.
CBA does not charge any monthly service fees. However, early termination or break fees may apply.
Commonwealth Bank term deposits review
As Commonwealth Bank is the biggest bank in Australia, it may not always need to offer the highest term deposit rates on the market compared to smaller providers with lower overheads.
CBA also offers a range of other financial products, including home loans, credit cards and savings accounts. If you’re the type of customer who likes all their financial products to be with the same bank, CBA may be helpful in that regard.
Customers who rely on face-to-face contact with their bank may also benefit from choosing a CBA term deposit. As it is Australia’s biggest bank, this means customers have access to over 1,000 branches, including in rural areas.
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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.