Standard Term Deposit

 Product Features

• Digital Banking Additional Information: Manage online and on the go: See, track and manage your Term Deposit alongside your other accounts in NetBank, CommBiz and the CommBank app. Know what you're earning: The fixed rate of return means you'll always know what your investment's worth and can plan how to use the interest earned.

• Digital Banking Additional Information: Wherever you are in the world, CommBank gives you the choice and control to securely manage all of your accounts on a range of devices, the way you want.

• Notifications Additional Information: Knowing when it matures. It's crucial to keep track of your Term Deposit so you have time to decide on a plan before it matures. We send you a letter roughly a week before your Term Deposit matures, letting you know your options. You can also opt-in for free account alerts (Choose between an email, SMS or NetBank notification) so we can remind you when your Term Deposit is due to mature.

• Notifications Additional Information: Opt-in for free maturity alerts and e-notices. Opt in for alerts and we'll send you an email or SMS a week before your Term Deposit matures - so you never miss your maturity date. Opt in for e-notices and replace the clutter of paper notices. Look back at old notices in NetBank and we'll email you when a new one is available.

• Other Additional Information: Set up an automated bank feed with your accounting software to get a secure, reliable connection directly into your accounting software. It just takes a couple of minutes in NetBank.

• Other Additional Information: There are no set up or establishment fees. If you want to withdraw your Term Deposit before it matures you'll need to give us 31 days' notice. You may incur a prepayment interest adjustment and administration fee.

 Product Eligibility

• Min Age - 18. Additional Information: You can open a Term Deposit online under a personal or Self-Managed Super Fund (SMSF) name. To do so, you need to be 18 years or over.

• Residency Status Additional Information: Have an Australian residential address, or otherwise subject to exception.

• Natural Person Additional Information: Be individuals

• Other - Be One Of The Following Entity Types, With At Least One Signatory Aged 18 Or Older And A Residential Address In Australia:. Additional Information: A domestic business, e.g. a sole trader, partnership, company, trust, with an ABN or ACN.

• Other - Be One Of The Following Entity Types, With At Least One Signatory Aged 18 Or Older And A Residential Address In Australia:. Additional Information: A foreign company that carries on business in Australia, and is registered with ASIC; or owns property in Australia, but does not carry on a business in Australia.

• Other - Be One Of The Following Entity Types, With At Least One Signatory Aged 18 Or Older And A Residential Address In Australia:. Additional Information: A trust, superannuation fund, association, registered co-operative, body corporate or government body

 Bank Fees and Charges

• Prepayment Administration Fee And Prepayment Adjustment (Event), Amount: 30.00. Additional Information: You'll need to give us 31 days' notice to withdraw all or part of your funds if your Term Deposit hasn’t reached the end of the fixed term. A prepayment adjustment (variable amount) and $30 prepayment administration fee may apply if you withdraw your funds early. To see an example of how the Prepayment Interest Adjustment is calculated, please see our Terms & Conditions.

 Limitations & Restrictions (Constraints)

• Max Balance of 1999999.99 Additional Information: The Term Deposit rates are available online and in branch for customers with a maximum limit of $1,999,999 per customer. For amounts greater than $1,999,999 or to open Business Term Deposits, please contact any CommBank branch or your relationship manager.

• Min Balance of 5000.00 Additional Information: A minimum deposit of $5,000 (call or visit your nearest branch for investments $2,000,000 and over)

• Opening Balance of 5000.00 Additional Information: A minimum deposit of $5,000 (call or visit your nearest branch for investments $2,000,000 and over)

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