In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other business term deposit accounts
  • Your reviews
  • Ask a question
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Commonwealth Bank Business Term Deposit

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Updated
Commonwealth Bank Business Term Deposit
Interest rate 9 months interest rate
Up to 4.45% p.a.
Minimum opening deposit
$5,000
Account keeping fee
$0

Summary

Invest your business funds in a business term deposit and enjoy fixed returns for the term length of your choice.

The Commonwealth Bank Business Term Deposit allows you to invest your surplus business cash for a term length that suits you between 1 month and 5 years, and earn a fixed interest rate for the life of the term. This means you can have peace of mind knowing exactly what return your money will make. There are no establishment fees or ongoing account fees to pay.

Pros

  • Large range of term lengths available
  • No set-up or account keeping fees
  • Fixed interest rate

Cons

  • Interest rates aren’t as competitive as some others in the market
  • Must give 31 days notice to withdraw funds early

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other business term deposit accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name Commonwealth Bank Business Term Deposit
3 month interest rate 3.10%
4 month interest rate 3.15%
6 month interest rate 3.35%
7 month interest rate 3.45%
9 month interest rate 4.45%
12 month interest rate 4.35%
24 month interest rate 3.70%
36 month interest rate 3.45%
48 month interest rate 3.45%
60 month interest rate 3.45%
Minimum Opening Deposit $5,000
Minimum age requirement 18
Government guarantee Yes

Eligibility

Minimum Age Requirement 18
Joint account availability Yes
Min Deposit $5,000
Available to children Not available for children

Key features

Terms from 1 month to 5 years

You can choose between a large range of term lengths from just one month to five whole years.

Minimum opening deposit of $5,000

You need a deposit of at least $5,000 to open this term deposit.

The rates shown above are for deposits up to $49,999. If you've got more to deposit, you can earn a slightly higher fixed rate.

How to apply

Unless you're an existing Commonwealth Bank customer, you need to call or visit a Commonwealth Bank branch to open a Business Term Deposit. Make sure you meet the following eligibility criteria and have the necessary documents with you.

Eligibility

  • You must be a registered Australian business with an Australian Business Number (ABN).
  • You must have a Tax File Number (TFN) for your business (or a TFN exemption code).

Compare other business term deposit accounts

1 - 10 of 29
Updated regularly
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 11 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Judo Bank Business Term Deposit
Judo Bank logo
$1,000 min. deposit
3 Mths p.a.
5.00%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
5.15%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
5.00%
24 Mths p.a.
4.75%
Go to siteMore Info
Westpac Business Term Deposit
Westpac logo
$5,000 min. deposit$250,000 max. deposit
3 Mths p.a.
3.25%
4 Mths p.a.
3.35%
5 Mths p.a.
3.45%
6 Mths p.a.
3.60%
7 Mths p.a.
3.60%
11 Mths p.a.
4.00%
12 Mths p.a.
4.00%
24 Mths p.a.
3.80%
More Info
ME Business Term Deposit
ME logo
$5,000 min. deposit
3 Mths p.a.
2.05%
4 Mths p.a.
4.00%
5 Mths p.a.
0.85%
6 Mths p.a.
4.00%
7 Mths p.a.
1.35%
11 Mths p.a.
-
12 Mths p.a.
4.00%
24 Mths p.a.
2.00%
More Info
Commonwealth Bank Business Term Deposit
Commonwealth Bank logo
$5,000 min. deposit
3 Mths p.a.
3.10%
4 Mths p.a.
3.15%
5 Mths p.a.
3.25%
6 Mths p.a.
3.35%
7 Mths p.a.
3.45%
11 Mths p.a.
-
12 Mths p.a.
4.35%
24 Mths p.a.
3.70%
More Info
ANZ Business Notice Term Deposit
ANZ logo
$5,000 min. deposit
3 Mths p.a.
3.35%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
3.40%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.00%
24 Mths p.a.
-
More Info
Suncorp Bank Business Saver Account flexiRates
Suncorp Bank logo
3 Mths p.a.
4.35%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.70%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.20%
24 Mths p.a.
-
More Info
ING Business Term Deposit
ING logo
$10,000 min. deposit
3 Mths p.a.
0.50%
4 Mths p.a.
0.50%
5 Mths p.a.
-
6 Mths p.a.
1.50%
7 Mths p.a.
0.80%
11 Mths p.a.
-
12 Mths p.a.
2.00%
24 Mths p.a.
2.40%
More Info
Arab Bank Business Fixed Term Deposit
Arab Bank Australia logo
$1 min. deposit
3 Mths p.a.
3.85%
4 Mths p.a.
3.60%
5 Mths p.a.
3.60%
6 Mths p.a.
4.30%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.00%
24 Mths p.a.
3.70%
AMP Business Term Deposit
AMP Bank logo
$5,000 min. deposit$24,999 max. deposit
3 Mths p.a.
4.65%
4 Mths p.a.
4.55%
5 Mths p.a.
4.55%
6 Mths p.a.
4.85%
7 Mths p.a.
4.60%
11 Mths p.a.
-
12 Mths p.a.
4.85%
24 Mths p.a.
4.15%
Bank Australia Business Term Deposits
Bank Australia logo
Green Company
3 Mths p.a.
4.70%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.80%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.70%
24 Mths p.a.
4.25%
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Showing 10 of 29 results
Sources
  1. Commonwealth Bank Business Term Deposit information page
  2. Commonwealth Bank Business Term Deposit TMD

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Alison Banney

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full profile

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