A Term Deposit account is an investment account where funds are invested for a selected term at a nominated interest rate. The interest rate is guaranteed not to change for the life of the selected term. A selection of terms are available, all at competitive interest rates.

Term Deposits are perfect for investors who are looking for a competitive, guaranteed interest rate without the need for immediate access to their money.

Terms available

  • Term in months – from 1 month to 60 months.
  • Term in days – from 30 days to 990 days. A term of less than 30 days may be available at the Bank's discretion.

Interest payment options

Interest is directly credited to a nominated account with the choice of the following payment frequencies:
  • 4 weekly: interest is credited to the nominated account every 28 days and at maturity.
  • 6 monthly: interest is credited to the nominated account every 6 months and/or at maturity.
  • Annual: interest is added to the Term Deposit every 12 months and/or at maturity.
Interest is added to the Term Deposit with the choice of the following frequencies:
  • 4 weekly: interest is added to the Term Deposit every 28 days and at maturity.
  • 6 monthly: interest is added to the Term Deposit every 6 months and/or at maturity.
  • Annual: interest is added to the Term Deposit every 12 months and/or at maturity.
Features of the Term Deposit
Minimum opening balance
$5,000.00
Interest Competitive interest rates. Calculated daily and paid according to the selected interest payment option.
Fees and charges No account keeping fees. Click here for Fees & Charges.
Adviser-friendly
Daily balance and transaction data feeds to leading planning software*.
Government guaranteed deposits
Deposits to this account are covered under the Australian Financial Claims Scheme (FCS). However, any entitlement to payment under the FCS will depend on your client’s circumstances.
Terms available
From 1 month to 60 months, or 30 days to 990 days.

*Data feeds supported to IRESS XPLAN, VisiPlan, BankLink and Class Super only.

The Accelerator Cash Account and Term Deposit are products issued by Commonwealth Bank of Australia (CBA) ABN 48 123 123 124 AFSL 234945 and administered by Australian Investment Exchange Limited (AUSIEX) ABN 71 076 515 930 AFSL 241400 under the brand of CommSec Adviser Services. AUSIEX is a wholly owned but non-guaranteed subsidiary of CBA. Please consider the Accelerator Cash Account and Term Deposit General Information Statement and Terms and Conditions before making any decisions. Fees and charges apply. This has been prepared without taking account of the objectives, financial and taxation situation or needs of any particular individual. For this reason, you should, before acting on the information in this material, consider the appropriateness of the information, having regard to your client’s objectives, financial and taxation situation and needs, and if necessary seek appropriate professional advice.