interest rates term deposits commonwealth bank

savings account: How are they different?įixed term deposits offer a guaranteed rate of return on your money for the life of an investment. Please note that we do not accept Osko or PayID payments into term deposits. You can transfer funds via cash in branch, or electronic funds transfer. ‍ What payment methods do you accept for Term Deposits? But if you withdraw some or all of the deposit before the agreed term finishes, you may incur a penalty that is deducted from the accrued interest. It can be an attractive option because the interest rate is usually higher than regular savings account rates. Before acquiring any products you should read the relevant guides to decide if a product is right for you.Īll products and services are provided by Beyond Bank Australia Ltd, 100 Waymouth Street, Adelaide, SA 5000, ABN 15 087 651 143 AFSL/ Australian Credit Licence 237 856.A term deposit is a fixed term savings account that offers a safe, guaranteed rate of return on your money for the life of an investment. This information has been provided without taking into account any of your objectives, financial situation or needs.

For full details please review our Financial Services Guide, Product Guide and Fees and Charges Guide available on our website at by calling us on 13 25 85 to request a copy or by visiting a branch. Terms, conditions, fees and charges apply. For more information on the Financial Claims Scheme, please visit the FCS website.Ģ Not all payment methods are available on all terms, see our Interest Rates Schedule for more information. * For balances $2,000 - $49,999 based on interest paid at maturity.ġ Account holders may be covered by the Commonwealth Government's Financial Claims Scheme. Interest rates are current as at 6 December 2023.

Interest rates term deposits commonwealth bank