What is Commonwealth Bank's current term deposit rate?

As of 2026-08-20, Commonwealth Bank's term deposit rates ranged up to 5.15% p.a. depending on the term. See the full table above, and confirm the current rate on Commonwealth Bank's official site before opening an account.

What is the minimum deposit for a Commonwealth Bank term deposit?

Commonwealth Bank's minimum term deposit is generally around $5,000, though this can vary by term and product. Confirm on their official site.

Commonwealth Bank Term Deposit Rates (2026-08-22)

Rates shown may include promotional offers and can change without notice — confirm the current rate on the provider's site before acting. How we source rates

Term	Interest Rate (p.a.)	Min. Deposit
12 months	5.15% — Special offer rate for personal and SMSF customers, limited time	$5,000

Source: CommBank term deposit rates & fees

Notes on Commonwealth Bank's rates

CommBank publishes a full rate ladder across 3-60 month terms on its rates page, but only the current 12-month special offer could be confirmed with confidence during our last review. Check the source link for the complete current table before comparing other terms.

Interest Payment Options

Commonwealth Bank's interest payment options: Varies by term. Interest paid at maturity typically offers the headline rate; opting for monthly or quarterly payments can reduce the effective rate slightly, since you're accessing your returns sooner.

How Commonwealth Bank Compares

Term deposit rates move independently between banks, so it's worth checking a few options before committing. See how Commonwealth Bank stacks up against other providers:

Or use our full comparison table to see every bank side by side, or the term deposit calculator to estimate your returns.