commonwealth bank business term deposit rates

“For instance, NetBank Saver offers an introductory bonus rate for five months for customers opening their first NetBank Saver account with us, while GoalSaver can provide you with bonus interest when you grow your balance each month.”Ĭustomers who have questions about the changing interest rate environment and how it may impact them, including those who might be on a fixed rate home loan, are encouraged to contact CommBank. “Our comprehensive range of savings products mean that customers can get more from their savings by choosing a product that best suits their needs. This includes the recent increase to the variable introductory rate of our popular online savings account, NetBank Saver to 4.00% p.a. Payments under the FCS are subject to a limit for each depositor.Group Executive, Retail Banking, Angus Sullivan said: “The savings rates increases we are announcing today build on higher rates we have announced across a number of savings products during the past few months. Financial Claims Scheme: A BankSA Term Deposit is a ‘protected account’ under the Australian Government’s Financial Claims Scheme (FCS).

Rate and offer apply for a single term.ģ.

We reserve the right to withdraw, amend or extend the offer at any time.

The bonus offer will be applied in conjunction with any other rate offer that may apply.

Not available in Business Banking Online.

Term Deposits opened or renewed during the grace period via Internet Banking or the App only.

If the deposit or any part of it is withdrawn early, an interest rate adjustment will usually apply.

You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship).

Higher or lower rates may apply for subsequent terms.

We reserve the right to withdraw, amend or extend these offers at any time.

For renewing Term Deposits, customer-initiated instructions must be provided in the grace period.

Not available for Financial Institutions or Government customers.

Not available for customers who are not able to open or renew via Internet Banking (e.g., some joint accounts), business customers except sole traders or Term Deposits held as security.

Opened or renewed during the grace period by existing BankSA personal and sole trader customers via Internet Banking or the App.

Interest payment frequency options available at application.

Commonwealth bank business term deposit rates