Commonwealth Term Deposit Rates
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Top Term Deposit Rates 0.50%P.A. 3 month fixed term deposit from $5,000 0.60%P.A.
- 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.
- The term deposit rate is the agreed interest rate for your term deposit. It remains fixed for the term of the deposit. For example, if you deposit $5,000 for 12 months at a 2.5 per cent term deposit rate, that 2.5 per cent term deposit rate will be fixed for the entire 12 months and won’t change until the term matures.
Commonwealth Bank Australia Term Deposit Rates
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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. | |||