Commonwealth Term Deposit Rates

I love Commonwealth Bank, the staff are helpful, and I like that they were happy to match other bank's rates on the term deposit if you ask. You can view the rates online so you can compare with other banks, and when it matures they send you a letter so you don't forget about it and you can renew it over the phone instead of going into the branch. The interest rate set below is for a 12 month term deposit and requires a minimum investment of $50,000 to less than $1,999,999 with an annual maturity. The rate of 1.60% is 0.13% higher than the average 1.47%. Also it is 1.15% lower than the highest rate 2.75 Updated Aug, 2019. On CBA's secure website.

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Commonwealth Bank

Commonwealth Bank was established in 1911 by the Australian government, it is one of the four major banks of Australia. Commonwealth Bank is a multinational bank which has various businesses all over the world including in the USA, United Kingdom and New Zealand. The Bank has approximately 1011 branches and 3350 ATMs over the country it also owns BankWest another of Australia’s banks.

The information supplied below is linked directly to the banks website and therefore is as up to date as the banks rates.

Commonwealth Term Deposit Rates Current

A term deposit is an investment of cash placed with a financial institution for a fixed period of time, known as the term, with a fixed interest rate for your return at the end of the term. A term deposit is commonly referred to as a TD, but can also be known as a certificate of deposit or CD. Commonwealth Bank of Australia issues all products mentioned on this web page. View our Financial Services Guide. View Product Disclosure Statement (PDS) and our General Information and Terms and Conditions for Term Deposits, and consider them before making any decision about these products. Interest rate for $5,000 to $49,999. Interest rate for $50,000 to $1,999,999. At the end of the term. See all Term Deposit rates (PDF) The above Term Deposit rates are available online and in branch for personal customers with a maximum limit of $1,999,999.

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